Canterbury ramps up Briggs drilling and expands Queensland copper footprint

The latest update is out from Canterbury Resources Ltd. ( (AU:CBY) ).

Canterbury Resources has begun a major drilling program at its Briggs Copper Project in central Queensland, a core component of a pre-feasibility study evaluating development of a large, long-life open pit copper mine using conventional flotation processing. The campaign, currently planned as more than 30,000 metres of diamond drilling over about 15 months, aims to upgrade and expand the existing mineral resource, supply metallurgical samples and underpin detailed mine planning at significant scale.

The company has also signed a binding deal to acquire the Monto Project, a package of six tenements 80 kilometres south of Briggs that hosts a 20-kilometre corridor of porphyry copper-molybdenum mineralisation, including the John Hill deposit with a substantial existing resource that remains open. In Papua New Guinea, reconnaissance work at the Ekuti Range project returned high-grade gold and copper rock-chip assays around the Otibanda and Waikanda lodes, reinforcing the project’s prospectivity and collectively highlighting Canterbury’s strategy to build a pipeline of large copper-gold assets that could enhance its long-term growth and attractiveness to partners and investors.

More about Canterbury Resources Ltd.

Canterbury Resources Limited is an Australian exploration company focused on large-scale copper and gold projects, with key assets in Queensland and Papua New Guinea. Its portfolio includes the Briggs Copper Project and the newly acquired Monto Project in Queensland, as well as the Ekuti Range project in PNG, positioning the company in tier-one mining jurisdictions with established infrastructure.

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