Diablo Sources Restricted (ASX:DBO) (“Diablo” or the “Firm”) is happy to announce extremely encouraging assay outcomes from its maiden scout drill program on the 100% owned Phoenix Copper Undertaking (“Phoenix” or the “Undertaking”) in Utah, USA. Phoenix is situated ~70km southwest of Moab, alongside strike from the presently producing 740Mlb Lisbon Valley Copper Mine (“LVCC”) inside the Tier-1 Lisbon Valley Mining District.
HIGHLIGHTS
- Maiden scout drilling confirms shallow copper oxide mineralisation, open in all instructions and at depth on the Philadelphia Prospect. Important outcomes embody:
- 10.5m @ 1.02 Cu% (Inc. 1.5m @ 3.99% Cu) from 36.5m in gap PHIL25-10.
- 1.5m @ 1.33% from 32m in gap PHIL25-10.
- Phoenix Undertaking is situated alongside strike from the presently producing 740Mlb Lisbon Valley Copper Mine (LVCC) inside the world-class Lisbon Valley Mining District, Utah, USA1,2.
- Mineralisation is related to the regionally vital Philadelphia Fault with outcomes pending on current soil sampling concentrating on its SW extension.
- Observe-up drilling scheduled for mid-November, together with maiden drilling on the Honest Dinkum prospect alongside strike from Flying Diamond and Lone Wolf deposits within the Lisbon Valley1,2.
CEO, Lyle Thorne commented:
“Our maiden scout drill program at Phoenix has returned some thrilling outcomes at Philadelphia, intersecting a shallow mineralised copper zone within the northernmost gap that’s open in all instructions and at depth. Observe-up drilling is scheduled to start in mid-November and can embody our maiden drill program on the high-priority Honest Dinkum prospect, situated instantly alongside strike from recognized copper deposits within the Lisbon Valley.
Exploration can be underway at our not too long ago acquired Star Vary Silver-Antimony Undertaking in Utah, the place floor sampling and mapping have commenced forward of an airborne magnetic survey scheduled for November. With drilling and exploration advancing concurrently throughout each belongings, traders can anticipate regular, value-driving information stream over the approaching months.”
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