Business
Phase 1 Diamond Drill Programme
Phase 1 Diamond Drill Programme.
About this update from Critical Metals Plc
[{"type":"text","content":"\n\nCritical Metals plc / EPIC: CRTM / Market: Main Market\n \n \n21 September 2023 \n \nCritical Metals plc\n(\"Critical Metals\" or the \"Company\") \n \nMolulu Drilling Update: Phase 1 Diamond Drill Programme\n \nFirst drill hole intercepts 13.02% copper\n \n \nHighlights:\n \n· Results from first hole - Drill hole DD-1-01 intersected high grade copper mineralisation of 13.02%, 6.77% and 5.42% from 10.80 meters to 15.83 meters deep\n· Results from Diamond Drilling (\"DD\") programme takes the Company a major step closer to a JORC compliant resource\n· Results from the other nine holes are expected imminently\n· Phase 2 and Phase 3 Diamond Drilling campaign planned to define further target areas and expand resource\n \nCritical Metals plc, a mining investment company established to acquire mining opportunities in the critical and strategic metals sector, is pleased to provide an update on its Phase 1 diamond drilling programme (\"DD\") at the Company's Molulu copper/cobalt asset Molulu (\"Molulu\" or the (\"Molulu Project\") in the Democratic Republic of the Congo (\"DRC\").\n \nThe diamond drilling programme which focusses on Phase 1 of three areas identified by mapping and geophysics analysis completed earlier in the year, consists of 1000 meters of drilling the oxide zone and is aimed to increase the understanding of the Molulu Project, identify other potential targets and increase the mineral resource.\n \nThe Company is underway with Phase 1 of the DD programme with more than 100 meters drilled, with some significant shallow copper intersections, notably drill hole DD-1-01 which intersected high grade copper mineralisation of 13.02%, 6.77% and 5.42% from 10.80 meters to 15.83 meters deep. \nResults from the other nine drill holes within the DD programme are anticipated imminently as the Company progresses towards obtaining a JORC compliant resource. To this end, the Company is planning to start drilling at Phase 2 and Phase 3 once Phase 1 drilling is complete.\n \n \nCommenting on the results, CEO Russell Fryer said:\n \n\"It has been a very successful start to our drilling programme with a high grade interception of copper mineralisation of 13.02% on our first hole...