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Great Southern Copper PLC - Focused on copper-gold-silver exploration in Chile - Phase 3 diamond drilling has commenced at Cerro Negro, part of the Especularita project. This includes up to 2,000 metres drilling to test extensions to high-grade Cu-Ag results in phases 1 and 2. First holes to target extensions to discovery hole DD007. Drilling is also planned beneath shallow, leached intercepts at lenses 3, 4 and 5, including a 22.5m leached intercept in hole DD012. Says further drillholes to target geochemical and geophysical targets along trend to the south. Chief Executive Officer Sam Garrett says company is evaluating adding a second drilling rig, subject to availability, ‘to ensure momentum is maintained and to accelerate progress on the programme’. CEO Garrett adds: ‘Our knowledge of the deposit is significantly improved as a result of the earlier drilling, particularly in regards to structure, geology and the oxidation and leaching processes acting on the mineralisation near to surface. Drilling beneath the oxidised ’leached’ zone in the Lenses 2 to 5 area is a priority for this programme and, if successful, will confirm the wider potential of mineralisation in the area and will significantly expand the priority areas for follow-up drilling.’ Current share price: 2.07 pence, closed down 3.7% on Wednesday 12-month change: up 83% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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