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Copper

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Great Southern to "aggressively" explore Chilean prospect

April 09, 2024 at 09:28 am EDT

(Alliance News) - Great Southern Copper PLC on Tuesday said testing confirmed the presence of desired minerals at its neighbouring Teresita and Abundante projects.

The Chilean-focused mineral exploration company recently conducted reconnaissance work in search of copper and gold deposits at the location. A total of fifteen holes were drilled covering 1,018 metres and the programme revealed evidence of mineralisation within each hole after samples were tested.

Chief Executive Officer Sam Garret said: "The mineralised vein system at Teresita is very large - comprising multiple veins over 5 kilometres in cumulative strike length - and these exciting early reconnaissance drill results give us strong impetus to aggressively advance our exploration of this system."

Follow-up exploration will include further geochemistry work and focus on vein targets in greater detail as the company prepares for a large scale drilling programme.

Great Southern shares were up 5.7% to 2.28 pence each in London on Tuesday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SOUTHERN COPPER CORPORATION	120.8 USD	+3.34%	+8.31%	90.41B
	GREAT SOUTHERN COPPER PLC	2.3 GBX	+2.22%	+6.98%	9.63M

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