20 of 50 Drill Holes Completed at Carmen Copper Project with Assays Pending
Norfolk Metals appoints mining veteran David Fowler to its board, enhancing expertise for its Chilean Carmen Copper Project, where drilling is halfway complete and assays are awaited. The company is rapidly moving toward full ownership of the project, signaling a pivotal phase in its copper exploration journey.
- David Fowler joins Norfolk board to strengthen Chilean project expertise
- Maiden drilling program at Carmen Copper Project 40% complete with 20 of 50 holes drilled
- Assay results expected soon, with ongoing geological interpretation
- Norfolk progressing toward 100% ownership of Carmen Copper Project option agreement
- Transcendence Mining director Jason Greive to join Norfolk board upon ownership completion
Board Strengthening to Match Ambitions
Norfolk Metals has taken a decisive step to bolster its leadership team by appointing David Fowler as a Non-Executive Director. Fowler’s extensive 35-year background in mining finance and operations, particularly his decade-long experience in Chile, aligns perfectly with Norfolk’s strategic focus on the Carmen Copper Project. His fluency in Spanish and proven track record in funding and scaling mining ventures, including his role as CFO at Merdeka Copper Gold, bring valuable operational and financial insight to Norfolk’s board.
Progress on the Ground – Drilling Advances
The maiden drilling campaign at the Carmen Copper Project is now 40% complete, with 20 of the planned 50 reverse circulation drill holes finished. The program targets extensions of known copper mineralisation between the Carmen Main resource and the Tobaco Prospect, with drilling also exploring structural zones that could reveal new deposits. Samples are being sent regularly to ALS laboratories, and assay results are anticipated in the coming weeks, which will be critical in validating the project’s potential.
Towards Full Ownership and Strategic Partnerships
Norfolk is rapidly advancing towards acquiring 100% ownership of the Carmen Copper Project option agreement, a milestone that would consolidate its control over this promising asset. Upon completion, Jason Greive of Transcendence Mining, the current option vendor and project operator, will join Norfolk’s board, further cementing the partnership and operational alignment between the two companies. This move signals Norfolk’s commitment to fully developing the project and leveraging Transcendence’s local expertise.
Project Potential and Next Steps
The Carmen Copper Project, located in Chile’s Atacama Region, hosts significant copper oxide mineralisation near surface, with promising sulphide potential indicated by historical drilling. Norfolk aims to establish a low-cost, high-margin copper heap leaching operation producing copper cathode at the mine gate. Upcoming phases include diamond drilling, re-assaying historical drill cores for gold, and metallurgical test work to refine extraction methods. These activities will be crucial in advancing the project towards a JORC-compliant resource estimate and eventual development.
Investor Engagement and Transparency
Norfolk encourages investors to engage through its InvestorHub platform, fostering direct communication and transparency as the project progresses. The company’s methodical approach to drilling, reporting, and corporate governance reflects a commitment to delivering value while managing exploration risks inherent in early-stage mining projects.
Bottom Line?
As Norfolk Metals edges closer to full ownership and awaits critical assay results, the next few months will be pivotal in defining the future of the Carmen Copper Project.
Questions in the middle?
- What will the upcoming assay results reveal about the extent and grade of copper mineralisation?
- How will the appointment of Jason Greive influence Norfolk’s operational strategy post-ownership?
- What are the timelines and capital requirements for advancing from exploration to production?
