RMG Limited (ASX:RMG) has received assay results from the first three diamond drill holes at the San José open pit at its Tuina copper project in northern Chile.
Highlights include 42 metres at 2.1% copper from 17 metres, 83 metres at 1% copper from 31 metres, and 23 metres at 0.5% copper from 29 metres.
Notably, these results demonstrate that the copper mineralisation extends for over 100 metres below the current open pit, and also open down dip and along strike from the prior historic drilling.
Drill core will be used to further the metallurgical studies for oxide and sulphide feasibility studies currently underway.
The high grade tenor of the copper and proximity to surface enhances the potential for early cash flow opportunities being pursued by the company at Tuina.
The first 15 diamond drill holes targeted oxide and sulphide mineralisation along the San Jose Fault zone beneath the previously mined open pit and immediately along strike of the open pit.
A further four diamond holes have been drilled on two other copper sulphide targets and will be announced when results are available.
In Australia, RMG controls the Kamarga Zinc Project, located 20 kilometres southeast of the Century lead-zinc mine in north-west Queensland.
