CCZ’s geology team have largely finalised all necessary logistics with key stakeholders, enabling the drilling campaign at the Mt Oxide Project to commence by mid-month as planned:
Notably, the contract with Depco Drilling1has been formalised, with compensation terms including a material proportion in script and voluntary escrow period reflecting the driller’s confidence in the Mt Oxide Project
In principle, the landowner has agreed suitable access routes which is expected to result in drilling starting at the high-grade Big One Deposit
2 then move on to the Arya Prospect
3oMembers of the geology and logistic teams recently visited the Arya Prospect to facilitate refining the best access route and fully optimise the test-drill targets:
They reaffirmed the drilling program for the Arya Prospect comprises 3,432m over 14 drill-holes, within an area 1,500m by 1,000m that targets near surface and deeper geophysical anomalies3
Notably, three deep vertical drill-holes will target the interpreted massive sulphide bedrock conductor (EG01) that is ~130m thick with dimensions ~1,500m by ~450m and ~426m deep3
The remaining drill-holes will focus on shallow anomalies, EG02 & EG10, interpreted to be supergene mineralisation – both are ~25m below surface and ~25m thick, with dimensions ~160m by 50m / ~270m by 280m respectively3
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