Great Southern Copper Confirms Porphyry Potential at Viuda Prospect
Why we think this is neutral
The RNS announcement provides an update on the scout RC drilling and exploration activities at the Viuda prospect, part of the Especularita project in Chile. While the results indicate the potential for a porphyry-style Au-Ag-Cu system, the announcement does not contain any of the mandatory news types that would require a more detailed analysis and sentiment scoring.
Key Points
- Scout RC drilling at Viuda confirms a broad-scale porphyry alteration system
- Hole RC005 returned 12m at 1.5 g/t Au and 0.47% Cu, including 2m at 4.4 g/t Au and 0.94% Cu
- New Viuda Negra prospect discovered with outcropping sheeted and stockworked banded-quartz veins typical of Au-rich porphyry systems
- Diamond drilling planned to test the Viuda Negra prospect
Summary
Great Southern Copper (LSE: GSCU) has reported the results of scout reverse circulation (RC) drilling and ground exploration activities at its Viuda Prospect, part of the Especularita Project in Chile. The drilling confirmed a broad-scale porphyry alteration system with zoned geochemistry and trace element trends consistent with porphyry-type deposits. Highlights include an intercept of 12m at 1.5 g/t Au and 0.47% Cu. The company also discovered a new prospect called Viuda Negra, located 1km northeast of Chingay Hill, with outcropping sheeted and stockworked banded-quartz veins typical of Au-rich porphyry systems. Scout diamond drilling is planned to test the Viuda Negra prospect.