Raptor Metals Ltd (ASX: RAP) | Completed Chester Assays Expand Scale of Copper System
MarketOpen's Trading Titan Podcast: Raptor Metals Limited (ASX: RAP) - Chester Copper Project Maiden Drilling Results
Raptor Metals Limited has completed its maiden drilling campaign at the Chester Copper Project in New Brunswick, Canada, and the final assay results are now in hand. In this episode, we break down what the nineteen-hole, two thousand one hundred and twenty six metre program delivered, what it means for the existing Mineral Resource Estimate, and the exploration activities the company says it will progress next.
Key topics covered:
Final assay results from the last three diamond drill holes at Chester, including CDH015 and CDH016.
Standout intersections including sixteen metres at one point two six percent copper from sixty two metres, and two point zero seven metres at two point zero nine percent copper and forty six point two five grams per tonne silver.
Confirmation of copper mineralisation across all three recognised zones: the Central Zone, East Zone, and Copper Stringer Zone.
Chester's existing Mineral Resource Estimate of six point six eight five million tonnes at one point zero seven percent copper, and the significance of only approximately seven hundred metres of an interpreted mineralised strike exceeding two point five kilometres having been tested.
What the completed program allows the company to progress, including geological model refinement, integration of metallurgical test work and geophysical data, and planning for the next phase of drilling to evaluate opportunities for future Mineral Resource growth.
The company's planned commencement of its maiden drill program at the Coyote Project alongside ongoing work at Chester.
A plain-English explanation of how the completed drilling program, according to the company, validated historical drilling, confirmed mineralisation across the recognised zones, and supports the next phase of geological modelling and exploration planning.
Next milestones include commencing drilling at Coyote, completing interpretation of downhole electromagnetic survey data, continuing historical core review and multi-element sampling, completing metallurgical test work from the PQ drill holes, integrating all datasets into an updated geological model, and planning the next phase of drilling at Chester.
This episode is for information purposes only and does not constitute financial advice. Listeners should conduct their own research and consider their personal financial circumstances before making any investment decision.