Drilling at Burracoppin. Source: Ragusa Minerals
Market Herald logo


Be the first with the news that moves the market
  • Ragusa Minerals (RAS) wraps up an aircore drilling program at the Burracoppin project in WA
  • The 63-hole program covered five per cent of tenement E70/5708 and initial logging data has shown a number of significant intersections of white kaolinised granite
  • Assays are expected in the next quarter and will be used to deliver a JORC-compliant mineral resource estimate for Burracoppin
  • RAS shares have been trading steady at 8.5 cents

Ragusa Minerals (RAS) has completed a maiden drilling program at the Burracoppin project.

The halloysite project is located roughly 300 kilometres east of Perth, Western Australia.

The aircore drilling program included 63 holes and targeted the eastern edge of tenement E70/5708 to test for extensions of Latin Resources’ (LRS) neighbouring Cloud Nine deposit.

Drilling covered just five per cent of the tenement with initial drill-chip logging data
showing multiple significant intersections of white kaolinised granite up to 28 metres thick from depths as shallow as two metres.

The company said this shows continuity between the holes, with the wide-spaced drilling and the logged information suggesting mineralisation remains open in all directions.

Chairman Jerko Zuvela said he was pleased to have completed the program and the initial observations are exciting.

“This is a significant step for the potential scale and future development of our project — with upcoming lab analysis sample results used to delineate a JORC mineral resource. We look forward to progressing the development potential for a fast-track DSO operation at Burracoppin,” Mr Zuvela said.

Ragusa expects to receive assays during the next quarter which will then support a maiden JORC-compliant mineral resource estimate for the Burracoppin project.

RAS shares were trading steady at 8.5 cents at 1:21 pm AEST.

RAS by the numbers
More From The Market Herald
Countplus (ASX:CUP) - Incoming CEO, Hugh Humphrey

" Hugh Humphrey appointed CEO of Countplus (ASX:CUP)

Investment services company CountPlus (ASX:CUP) has appointed Hugh Humphrey as the company's CEO, effective July 1.

" ASX employee tests positive for Covid-19

The ASX says an employee has contracted Covid-19.

" ASIC launches official investigation into ASX market outage

The ASX has confirmed today it is officially under investigation from the Australian Securities and Investments…

" ASX sheds more light on last week’s market tech failure

The Australian Securities Exchange has shed some more light on the nature of last week's market…