Redbank Mines Limited is pleased to confirm the commencement of resource infill drilling at its 100% owned Redbank Copper Project in the Northern Territory. A multipurpose reverse circulation and diamond core drilling rig has been mobilised and is expected to commence a targeted 4,000 metre drilling programme later this week.
JORC classified Copper resources at the project currently stand at 4.2 million tonnes at a grade of 1.5% copper for 65,000 tonnes of contained copper in 3 deposits, Sandy Flat, The Bluff and Punchbowl, and high grade oxide stockpiles at the plant site (refer Resource Statement detailed in 2006 Annual Report at page 6 for detail).
The Company has adopted a rapid and relatively low capital cost staged development strategy for the Project utilizing existing mine
infrastructure with the objective of producing 6,000 to 8,000 tonnes per annum of contained copper production within two years.
Stage 2 Oxide Expansion Drilling Commences
78.64 kB, modified 12:00pm 13/12/2006
Offline Files
- Drilling Commences at the Redbank Copper Project
- Spectacular near surface copper grades at Redbank
- Drilling to Commence on High Grade Gold Targets at Mount Kasi Gold Project
- Drilling at Kasi South demonstrates potential depth extension
- Copper Shipments Commence with Sale to Xstrata