| Announcement Date: | 2022-10-10 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | CuFe Ltd. |
| Project name: | Tennant Creek |
| Location: | Australia |
| Commodities: | Gold,Copper |
| Highlight: | Drilling results incl. 13m at 2.82% Cu, 2.59g/t Au from 79m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | CuFe Ltd (ASX: CUF) (CuFe or the Company) is pleased to provide an update on assay results received for the drilling program recently completed at its 60% owned Tennant Creek Copper / Gold project (Orlando, Orlando Project) in the Northern Territory. CuFe Executive Director, Mark Hancock, commented: “We are pleased to have completed our first drilling program at Orlando. We see an opportunity at Orlando to cut back the existing open pit to access the remaining ore and this drilling provides valuable data to support that. We have achieved our aims, being confirming the existence of high-grade ore, generating diamond core for metallurgical testwork and obtaining water data for the environmental approval process. We will continue to progress activity on all these streams as well as looking into the remaining exploration potential at areas such as Gecko, Goanna and Monitor, all of which has shown potential to host high-grade copper mineralisation in previous drilling.” Orlando Project – drilling program The drilling was completed over a 2 month period from the 12th June to the 9th August and was a combination of RC drilling, 2 cased water bores and diamond drilling. RC drilling for the program totaled 2,410m from 27 holes, designed in areas with limited data along the southern flank of the Orlando Pit with the intention that specific holes would serve as pre-collars to planned diamond extensions (refer Figure 1). |
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