Raptor Metals Completes Key Diamond Drilling Phase at Chester Project

Eastern Metals Limited ( (AU:RAP) ) has issued an update.

Raptor Metals has completed a 2,126 metre diamond drilling campaign at its Chester Project in New Brunswick, marking the end of the initial phase of its revamped exploration strategy following the acquisition of Raptor Resources and the reinstatement of ASX trading. The program, comprising 16 HQ and 3 PQ holes, was designed to validate historical data underpinning the current JORC-compliant resource, obtain metallurgical samples, capture structural geology information, and test infill and extension targets in massive sulphide zones.

Core from the final holes is being processed for assay and metallurgical testing, with results expected within four to eight weeks, while a downhole geophysical survey is scheduled to refine future drilling. Geological logging has confirmed consistent lithologies and copper sulphide mineralisation in line with historical records, supporting Raptor’s goal of increasing resource confidence and potentially expanding the mineral resource at Chester, which could enhance the project’s development prospects and strengthen the company’s position in the VMS copper sector.

The most recent analyst rating on (AU:RAP) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:RAP Stock Forecast page.

More about Eastern Metals Limited

Raptor Metals Ltd is an ASX-listed mineral exploration company focused on the Chester Project in New Brunswick, Canada, located within a world-class volcanogenic massive sulphide (VMS) district. The company is targeting copper-rich massive sulphide mineralisation and is working to validate and expand its JORC-compliant Mineral Resource Estimate through systematic drilling and geophysical programs.

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Technical Sentiment Signal: Buy

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