Kantra Copper (ASX:KAN) said drilling at the Kanmantoo copper mine in South Australia intersected high-grade copper-gold mineralization at Emily Star, according to a Friday Australian bourse filing.
It encountered intercepts of 11.45 meters at 1.7% grade of copper and 0.11 grams per tonne grade of gold from 285 meters downhole as well as 8 meters at 1.3% grade of copper and 0.55 g/t grade of gold from 223 meters downhole.
Drilling at Emily Star continues to improve the understanding of the mineralization geometry and structural controls, the company said.
Its shares fell nearly 8% in recent trading on Friday.
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