Firetail Resources (ASX:FTL), an Australian copper exploration company, has announced significant outcomes from their recent drilling program at the Skyline Copper Project in Newfoundland, Canada. The 5,000-meter diamond drilling has uncovered high-grade copper equivalent intercepts, indicating notable down-plunge extensions of known mineralization. This discovery highlights the project's substantial growth potential.
Firetail Resources has reported significant findings from their Skyline Copper Project, revealing high-grade copper equivalent intercepts. The project, located in Newfoundland, Canada, promises substantial growth potential with additional mineralization in zinc, silver, and gold. The company has expanded mineralized intervals through further sampling and plans to conduct electromagnetic surveys to identify new mineralized zones. Firetail is committed to unlocking the full potential of this district-scale VMS asset, with future exploration strategies including a second phase of diamond drilling. The company's ambitions focus on enhancing their resource base and evaluating other economic minerals within the Skyline system.
Firetail's Managing Director, Glenn Poole, emphasized the project's growth potential and the importance of ongoing surveys and re-sampling for future exploration strategies.