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Demetallica: Reports continuity of copper mineralisation at Jerico, QLD

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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Demetallica Reports continuity of copper mineralisation at Jerico, QLD

  • Demetallica (DRM) reports continuity of high-grade copper mineralisation at Jerico, within its Chimera polymetal project in Queensland
  • It comes as the company releases the final assays from 13 holes from its maiden reverse circulation (RC) and diamond drill campaign
  • DRM said all 13 holes intersected strong grades and widths and will be incorporated in the upcoming mineral resource estimate (MRE)
  • The company says the mineralisation remains opens with the potential for further growth options through drilling
  • Shares are trading flat at 29.5 cents at midday trade AEST
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