Centaurus Metals Delineates New Exploration Targets at Brazil Copper-Gold Project, Shares Jump 6%

MT Newswires Live05-06 11:47

Centaurus Metals (ASX:CTM) delineated new exploration targets from initial surface exploration activities at its Rio Novo copper-gold project in Brazil, according to a Wednesday Australian bourse filing.

An initial soils geochemistry program collected over 2,000 samples collected to date and identified multiple copper-in-soil anomalies of over two kilometers. A fixed loop electromagnetic survey is underway at the project, and a drone magnetic survey is expected to begin soon. A drilling campaign is planned in the September quarter.

A drilling program at its Boi Novo copper-gold project, also in Brazil, encountered intercepts of 5.5 meters at 8.38% grade of copper from 147 meters, as well as 6.8 meters at 1.89% grade of copper and 1.08 grams per tonne grade of gold from 107.6 meters.

Its shares jumped 6% in recent trading on Wednesday.

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