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Duke Exploration (ASX:DEX) - Non Executive Chairman, Toko Kapea
Non Executive Chairman, Toko Kapea
Source: Bathurst Resources
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  • Duke Exploration (DEX) has intersected visible copper mineralisation at the Mt Flora deposit which is part of the Bundarra Project in Queensland
  • Duke has almost completed a phase one reverse circulation drilling program with one of the final three intersecting visible copper
  • Six zones of copper mineralisation was intersected from between a 47-metre and 225-metre depth
  • This drill hole extends Mt Flora’s strike and will be followed up with further drilling to expand existing mineralisation
  • The other two holes will be drilled 60 metres and 120 metres along strike to the north and will test the strike extent of this new vein system
  • Duke ended the day 15 per cent in the green with shares closing at 34.5 cents

Duke Exploration (DEX) has intersected visible copper mineralisation at the Mt Flora deposit which is part of the Bundarra Project in Queensland.

The company has almost completed the first phase of resource reverse circulation (RC) drilling. A total of 46 holes have been completed since the RC program started and 7750 samples have been sent for assaying — 4750 of which have been received.

Three extension holes are yet to be completed and are targeting a versatile time domain electromagnetic (VTEM) plate to the north of the main underground workings at Mt Flora.

Pleasingly, one of these holes, which is almost complete, has intersected six zones of copper mineralisation in RC chips from 47 metres to a 225-metre depth.

The hole extends the deposit’s strike that requires resource drilling by 250 metres which will add to the existing mineralised area.

“We are very excited with the results from the first hole targeting the VTEM plate anomaly to the north of Mt Flora,” Chairman Toko Kapea said.

“The amount of visible copper sulphides logged and number of sulphide veins confirm the known copper and silver mineralisation at Mt Flora continues to the north for a significant strike extent, which will further add to the mineralised area already drilled by our resource drilling program,” Toko added.

The other two holes will be drilled 60 metres and 120 metres along strike to the north to test the strike extent of this new vein system. Duke believes this may extend the strike of known copper and silver mineralisation at Mt Flora by over 500 metres.

Once phase one drilling has been completed, Duke will immediately begin the second phase which to follow up on initial results.

Duke ended the day 15 per cent in the green with shares closing at 34.5 cents.

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