Sandfire Resources (ASX:SFR) confirmed the extension of mineralization at the Black Butte copper project in Montana through exploration drilling, according to a Friday filing with the Australian bourse.
Assay results in a further 20 holes targeting the Johnny Lee Lower Copper Zone returned 8.11 meters at 4.66% copper from 442 meters, and 15 meters at 7.99% copper from 426 meters, the filing said.
The company holds an 87% equity stake in TSX-listed Sandfire Resources America, which owns 100% of the project, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.