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Diablo Resources Limited ( (AU:DBO) ) has provided an update.
Diablo Resources Limited has received drill permit approvals from the Bureau of Land Management for its Trenton and Philadelphia Prospects at the Phoenix Copper Project in Utah, USA. This marks a significant milestone for the company as it prepares to commence its maiden drill program in Q3 2025, targeting areas with promising copper mineralization. The approvals allow for extensive drilling, with 30 drill holes at Trenton and 15 at Philadelphia, where previous sampling has shown high copper concentrations. This development is expected to enhance Diablo’s operational capabilities and strengthen its position in the copper mining industry.
More about Diablo Resources Limited
Diablo Resources Limited is a mining company focused on copper exploration and development. The company operates the Phoenix Copper Project in southwestern USA, near the Utah/Colorado border, which is known for its sediment-hosted copper mineralization. The project is strategically located along the strike from the Lisbon Valley Copper Mine, a significant copper-producing site.
Average Trading Volume: 398,983
Technical Sentiment Signal: Buy
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