Redhawk Resources (RDK-V) has intersected some solid copper grades at its Copper Creek project near San Manuel, Arizona, which it says will be important for the near-surface resources of its next estimate.
The copper-molybdenum property is located on a 100%-owned 12-sq.-km property in the southwest United States copper belt at the projected intersection of a major northwest belt of porphyry copper deposits.
The latest drill results include a 27-metre intersection grading 3.42% including 12 metres grading 5.58% copper, starting at 18 metres depth.
Another drill hole intersected about 32 metres grading 2.74% copper from 38 metres depth while a third drill hole returned nearly 9 metres grading 3.12% copper from about 27 metres.
The drilling was done on the Copper Prince and the Copper Prince East breccias which are located about 61 metres apart and less than 335 metres north of the exploration decline portal site that is currently in the permitting process.
Redhawk has also been drilling on a breccia body in the Globe area on the property, located northwest of Copper Prince.
Results included 8 metres grading 1.03% copper starting at 57 metres depth and 19.5 metres grading 1.07% copper from 97.5 metres depth.
Resources haven’t yet been calculated for either the Copper Prince or the Globe breccias but both have had some historical underground production and drilling.
The company is working on a phase two drill program that includes about 5,200 metres of rotary drilling and about 16,000 metres of core drilling.
Redhawk shares closed 8% higher in Toronto today, or 4, to 54 each on a trading volume of 119,000 shares.
Be the first to comment on "Redhawk hits near-surface copper"