Diablo Resources Expands Focus on USA Critical Minerals, Secures Approval for Drilling at Phoenix Copper Project

Strategic Insights -

Diablo Resources Ltd has expedited its focus on USA critical minerals, securing approval from the Bureau of Land Management (BLM) to drill at the Phoenix Copper Project in Utah, USA. The company's expansion targets the Stateline Claim Block, considered the most prospective area for copper mineralisation. Diablo Resources aims to capitalise on the United States Government's emphasis on securing domestic critical minerals, including copper, which has been deemed a national priority. The Phoenix Copper Project, strategically located near the Lisbon Valley Copper Mine, has the potential to unlock significant copper resources.

Key Takeaways:

  • Diablo Resources has received approval from the BLM to drill at the Stateline Claim Block, part of the Phoenix Copper Project in Utah, USA.
  • The Stateline Claim Block is considered the most prospective area for copper mineralisation, with the Fair Dinkum Prospect lying along strike from the Lone Wolf Deposit and 2 km east of the Flying Diamond Deposit.
  • Results of 13 grab samples at the Fair Dinkum Prospect returned up to 2.76% Cu and 92 g/t Ag, averaging 1.12% Cu with a minimum of 0.19% Cu.
  • The planned drilling targets copper mineralisation occurring adjacent to the strike extension of the Flying Diamond Fault, a similar setting to both the Lone Wolf and Flying Diamond Copper Deposits.
  • Samples from the current drilling program at the CC Claim Block have been dispatched to the laboratory, with results expected in 3 weeks.
  • Diablo Resources' CEO Lyle Thorne commented on the approval, stating that it is a "positive step forward" for the company's ongoing exploration efforts at Phoenix.
  • The United States Government has prioritised securing domestic supplies of critical minerals, including copper, making Diablo Resources' Phoenix Copper Project strategically positioned within a proven copper-producing district and along strike from the Lisbon Valley Copper Mine.

Statistics:

  • 315 unpatented lode claims covering ~6,300 acres within the Phoenix Copper Project.
  • 149 unpatented lode claims for 2,980 acres (12km2) at the Stateline Claim Block.
  • 100m of outcrop returned up to 2.76% Cu and 92 g/t Ag at the Fair Dinkum Prospect.
  • 12.1Kt of recoverable copper from the Lone Wolf Deposit.
  • 277.6 million pounds (Mlb) production at the Lisbon Valley Copper Mine.

Sources:

  • Diablo Resources Ltd - News Release.
  • Bureau of Land Management (BLM) approval for drilling at the Stateline Claim Block.
  • Mineralised data from the Fair Dinkum Prospect (Figure 2).
  • Historical drill pads (circa. 2005-6) within the northern portion of the Prospect (Figure 2).
  • Diablo Resources Ltd - Company announcement.