Mt Nakru EL renewed

COPPERMOLY Limited’s Mt Nakru EL 1043 tenement has had its term extended by PNG’s Mineral Resources Authority for a further two years.

  • Staff Reporter
  • 15 May 2017
  • 09:07
  • News
Mt Nakru EL renewed

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The licence will expire on December 8 2018.
 
EL 1043 hosts two known mineralisation zones, Mt Nakru zones 1 & 2, where all previous drilling has intersected high grade, near-surface copper and gold mineralisation.
 
Assay results from a drilling campaign completed in early March are being assessed.
 
Coppermoly's directors recently deferred payment of their accrued fees in exchange for shares so company funds could be more effectively channelled into on-the-ground exploration.
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