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Metals X Announces High Grade Extensions at Nifty

11 Jul 2017  |  12:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: High Grade Extensions at Nifty

Metals X announced that it had recommenced underground drilling in November 2016 after taking control of the Nifty Copper Operations. The Company reported that to date 20,000 metres of diamond drilling outside of the mining area has been completed with the objective of extending the Ore Reserve up-plunge, down-plunge and within the limbs of the folded carbonate units within the Nifty syncline. The results from hole NUG0084 included 161m at 1.70% Cu from 19m including: 15.0m at 2.37% Cu from 19.0m; 32.3m at 3.03% Cu from 42.5m; 29.0m at 2.39% Cu from 84.0m; and 9.0m at 4.25% Cu from 240.0m etc. It is anticipated that these drill results will translate into an upgraded Mineral Resource Estimate and Ore Reserve Estimate scheduled for late September 2017.

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