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VMS Drilling Update
Sulphides logged in every hole; assays pending
The Company has completed its current drill programme with 2,302.8 m of drilling across nine holes over the three target areas:
· RU_25_DD001 - drilled to 400.3m, located at the northern end of the Rulikha IP anomaly
· TAL_24_DD001 - drilled to 305.5m at the Talovskoye West IP anomaly
· VU_25_DD009 - VU_25_DD-015 - drilled a total of 1,597m targeting the central orebody and resource extensions to the shallowest part of the resource model at Verkhuba (see Figure 1)
Drilling has now been completed with five of the holes logged, cut, sampled and sent to the ALS laboratory in Karaganda,
Although assay results are pending,
"Drilling has been conducted safely and on budget, with mineralisation observed in all holes. We look forward to receiving the assay results and, for Verkhuba, updating the resource model in Q4 2025.
In addition to drilling in the East region,
Further work has also been undertaken at the Snowy epithermal gold target, including site visits and sampling by Australian specialists in epithermal gold deposits. We are pleased with the prospectivity of this licence and will provide an update on this work in the near future."
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Figure 1: Recent drill locations into the central formation of Verkhuba and step-out holes drilled to the north of the shallowest mineralisation where the best open pit economics can be achieved. The resources are shown as grade (%CuEq) x thickness, with orange and red colours representing the thickest, highest-grade ore in the resource model. |
Tel: +44 (0)20 7390 0234 (via
Tel: +44 (0)1483 413 500
Tel: +44 (0)20 7390 0234
About
· Volcanogenic massive sulphide (VMS) exploration, which to date includes a deposit with a maiden JORC MRE of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead, in an infrastructure-rich region, amenable to a low capex development
· Copper porphyry and epithermal gold exploration, with multiple opportunities for Tier 1 deposits, initially supported by an initial
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