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Reservoir Minerals (TSXV:RMC) released results from ongoing drilling at its Cukaru Peki project in eastern Serbia. The project is under a joint venture agreement with Freeport-McMoRan Exploration Corporation. One hole intersected 179 meters (estimated true thickness of 84 meters) of 10.75 percent copper and 10.86 grams per tonne of gold.
Reservoir Minerals (TSXV:RMC) released results from ongoing drilling at its Cukaru Peki project in eastern Serbia. The project is under a joint venture agreement with Freeport-McMoRan Exploration Corporation. One hole intersected 179 meters (estimated true thickness of 84 meters) of 10.75 percent copper and 10.86 grams per tonne of gold.
Reservoir Minerals president and CEO, Dr. Simon Ingram, said:
The Company is pleased to be able to report new drilling results from the on-going programme at the Cukaru Peki deposit, and that there are currently four drill rigs operating on the Cukaru Peki site. The results are compatible with those expected from the geological model of the HSE or Upper Zone of mineralization in the Cukaru Peki copper-gold deposit. The project is now focussing on infill drilling of the HSE or Upper Zone, as well as determining the lateral extent of the underlying porphyry type copper-gold mineralization, or Lower Zone. Substantive technical studies have been initiated to support a Scoping Study focused on the Upper Zone, including potential direct to smelter shipping mineralization, which will be completed in 2016. The Company looks forward to reporting further results of this drilling in the coming months.
Click here for the full press release.