Diablo Resources (ASX:DBO) Identifies New Copper Targets in Phoenix Project
New Copper Targets Identified
Diablo Resources has identified four high priority targets for sediment hosted copper mineralisation in the Stateline Claim Block, part of the Phoenix Copper Project. The claims are located southwest of the currently producing Lisbon Valley Copper Mine in Utah, Colorado, USA.
Exploration Progress
Ongoing exploration includes mapping, stream sediment, soil, and rock sampling, with drilling scheduled for quarter three of 2025. The company aims to prioritise targets based on recent geological and structural interpretations.
Executive Comments
CEO Lyle Thorne commented, “Exploration on our 100% owned Phoenix Copper project is continuing to deliver exciting targets with the recently completed structural and geological interpretation identifying four (4) high priority targets in the Stateline Claim Block. Geological reconnaissance of Target 1 located outcropping copper mineralisation along strike on the same structure hosting known copper deposits, confirming the success of the Company’s exploration rationale. This work complements the previous targeting on the CC Claim Block increasing potential priority targets for the maiden drill program. Exploration is ongoing at CC and Stateline Claim Blocks with the aim of drill testing the most promising targets in quarter 3 of 2025.”
Motley Fool contributor ..... has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
