Great Southern Copper PLC ( (GB:GSCU) ) has shared an announcement.
Great Southern Copper PLC has finalized permits and authorizations to commence diamond drilling at the Cerro Negro prospect in Chile, specifically targeting high-grade copper-silver-gold mineralization at the Mostaza mine. This drilling initiative, part of the larger Especularita project, aims to expand the known orebody’s dimensions and further explore porphyry-type mineralization at the Viuda prospect. The efforts highlight the company’s strategic focus on enhancing resource potential within Chile’s under-explored coastal metallogenic belt, potentially impacting its competitive positioning in the copper-gold mining sector.
More about Great Southern Copper PLC
Great Southern Copper PLC is a UK-listed mineral exploration company focused on discovering copper-gold and lithium deposits in Chile. With options to fully acquire two early-stage projects in the country’s coastal belt, the company aims to exploit Chile’s status as the world’s largest copper producer and second-largest lithium producer. These projects, San Lorenzo and Especularita, are strategically located with excellent access to infrastructure, and the company is also pursuing a lithium project in Chile’s premier lithium-producing Salar de Atacama district.
YTD Price Performance: -37.50%
Average Trading Volume: 1,337,586
Technical Sentiment Consensus Rating: Hold
See more insights into GSCU stock on TipRanks’ Stock Analysis page.