Norfolk Metals has delivered more strong copper hits from its Chilean Carmen project, while locking in firm commitments for $2.1 million in fresh capital. Results confirmed high-grade copper sulphide mineralisation at depth, with funds to be used to drive phase two drilling and support resource definition across a highly prospective copper belt.
Norfolk Metals has laid the groundwork for a busy new year drilling blitz at its Carmen copper project in Chile, with environmental permitting and studies progressing ahead of a news-packed Christmas period. The company says a five-year permit will clear the path for a broader drilling assault across its 46.6 square kilometre concession package, including follow-up work from a high-impact diamond drilling program currently underway.
Norfolk Metals has taken stock of initial assays from its maiden drilling program at the Carmen project in Chile's copper-rich Huasco Province, delivering 53m at 1.1% copper from only 62m downhole. Carmen sits tantalisingly close to mining giant Newmont's multi-billion-dollar joint venture development of the Relincho and Fortuna deposits, which host 16.6 billion pounds of copper.
Norfolk Metals is re-assaying old copper core for gold at its Carmen project in Chile as it seeks to verify historic drill results and exploit a new zone that is sporting visible copper outcrops. The project is in Chile's copper-rich Atacama region where fresh targets are now emerging in the nearby Higueritas Belt.
Chilean mining expert David Fowler has joined the Norfolk Metals' board as a non-executive director to help develop the company's recently acquired Carmen copper project near La Serena in Chile. Norfolk has drilled 20 holes in its 50-hole maiden drilling program targeting a near-surface supergene copper resource at Carmen, which may be amenable to heap leaching.
Norfolk Metals' 70 per cent earn‑in at its Carmen copper project in Chile is now underpinned by a drill plan designed to twin the best historical holes, hit the oxide blanket from surface and push deep into sulphide potential. In a copper market that is starting to get serious attention again, Norfolk's timing appears to be good.
Our weekly appointments wrap includes Dean Nalder, Mark Couzens, Andrew Woodley-Page, Them Lam, Chris Slater, Andrew Young, Terry Enright, Mike Erickson, Ross Love, David Lock, Karl Paganin and Derek Parkin.
