Great Southern Copper PLC - Mining company focused on copper-gold and lithium exploration in Chile - Says that a drone-magnetics survey at its Especularita project has identified Abundante and Teresita, two copper-gold prospects, as magnetic anomalies, with drilling planned to commence soon. Adds that multiple targets were identified within the North-East trending, Teresita magnetic anomaly corridor, including bullseye anomalies potentially representing breccia-pipe or pencil-porphyry type copper deposits. Great Southern says there are ‘significant magnetic lineaments’ requiring follow-up ground-truthing in the field, particularly against known structurally-controlled vein-breccias systems and vein swarms.

Chief Executive Officer Sam Garrett says: ‘The results of the magnetics survey have been very effective in assisting with our mapping and understanding of the geology at Especularita. The correlation between magnetic anomalies and known mineralisation at prospects such as Abundante and Teresita is highly encouraging and will greatly benefit our on-going exploration by providing more targets for investigation. Subject to final permitting and drill-rig availability, we plan to commence scout RC drilling operations at both Abundante and Teresita as soon as possible and I look forward to updating stakeholders on the results of those programmes.’

Current stock price: 2.83 pence

12-month change: up 8.7%

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