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Be the first with the news that moves the market- Ero Copper (TSX:ERO) has revealed the results from its latest drilling work at the Vale do Curaca Property in Brazil
- The best results came from the Superpod deposit, a newly discovered copper vein underneath the site’s Pilar mine
- Results from Pilar included 96.4 metres at 3.97 per cent copper, with a further internal assay of 60.6 metres at 5.61 per cent copper
- Ero Copper Corp (ERO) is up five per cent and is trading at C$17.83 per share
Ero Copper (TSX:ERO) has revealed the results from its latest drilling work at the Vale do Curaca property in Brazil.
Work has focused on the Pilar and Vermelhos mines, along with other targets dotted around the property.
The company discovered a high-grade and wide-open deposit called the Superpod, which sits below the Pilar mine.
The company intersected 96.4 metres of strike grading at 3.97 per cent copper, which included 60.6 metres grading at 5.61 per cent copper. Other results included 5.9 per cent copper over 29.9 metres, which represented the deepest strike hit on the Pilar mine thus far.
Drilling work has demonstrated an extended zone of thicker mineralization in an area of the mine.
David Strang, President and CEO of Ero Copper, said the results had achieved the objectives set out by the company, demonstrating high grade mineralization on several targets.
“We continue to be extremely pleased with the results of drilling from the deepening extension project which now includes the best hole on a grade-meter basis we have drilled as a company in the Curaca Valley.
“The breadth of organic growth opportunities available to the company gives us confidence that our near-mine programs will continue to deliver on our core objectives as we progress to more regional drilling during the second half of the year,” he said.
Ero Copper Corp (ERO) is up five per cent and is trading at C$17.83 per share at 11:30 am EDT.
