Diablo Resources Ltd Commences RC Drilling at Phoenix Copper Project

Strategic Insights -

Diablo Resources Ltd has embarked on RC drilling operations at its 100% owned Phoenix Copper Project in the US, marking a significant step in the company's development. The project, located approximately 70km southwest of Moab, Utah, contains sediment-hosted copper mineralisation along strike from the Lisbon Valley Copper Mine. The drilling program aims to test the potential of the East Bounding Fault, a major fault zone known to be associated with copper mineralisation in the area, and investigate the high-grade copper zones defined by surface geochemistry and mapping.

Key Takeaways:

  • Diablo Resources Ltd has commenced RC drilling operations at its Phoenix Copper Project, located 70km southwest of Moab, Utah, USA.
  • The drilling program aims to test the potential of the East Bounding Fault, a major fault zone associated with copper mineralisation in the area.
  • The Trenton Prospect, located ~3km south of the historical Big Indian Copper Mine, will be targeted with 30 RC drill holes, totaling 3,950m.
  • The Philadelphia Prospect, associated with a sub-vertical fault, will be targeted with 15 RC drill holes, totaling 1,470m.
  • No historical drilling has been conducted at the Trenton or Philadelphia Prospects.
  • The planned drill program is expected to provide critical data on the potential of the project and inform future exploration and development decisions.
  • The company's CEO, Lyle Thorne, commented on the significance of the drilling program, stating, "It is an exciting time in the company's development, and we look forward to keeping the shareholders fully informed of the drilling progress and results."

Statistics:

  • The Phoenix Copper Project covers approximately 11.6 km2 of Bureau of Land Management (BLM) administered Federal lands.
  • The CC Claim Block, where the Trenton and Philadelphia Prospects are located, consists of 143 unpatented lode claims for 2,860 acres.
  • The planned drill program will target a ~1.8km anomalous zone at the Trenton Prospect, where 16 surface rock grab samples averaged 2.79% Cu, ranging from 0.28% to 8.21% Cu.
  • Thirty-one (31) rock grab samples from outcrop and dumps along the 750m strike at the Philadelphia Prospect averaged 6.29% Cu, ranging from 0.5% Cu to 45.7% Cu and 219 g/t Ag (~7oz Ag).
  • The BLM has granted approval for the drilling program, which will involve a total of 45 RC drill holes, totaling 5,420m.

Sources:

  • Diablo Resources Ltd news release
  • Bureau of Land Management (BLM) administration of Federal lands
  • Lisbon Valley Copper Mine (LVCC)
  • Big Indian Copper Mine
  • East Bounding Fault (EBF)