Stream sediment sampling in Northern Ireland. Credit: Karelian <\/p>\n
Karelian Diamond Resources (AIM: KDR) says it has identified a \u201csignificant new copper target\u201d within the recently awarded KDR4 licence area in Northern Ireland.<\/p>\n
According to the diamond miner, the licence covers an area with documented historical mining activity and geological indicators that it believes to be favourable for copper mineralization.<\/p>\n
The copper target was identified following initial desk-based studies and reconnaissance work on the area, which highlighted the site of the historic Cappagh copper mine as a potential exploration focus.<\/p>\n
The potential copper discovery, says Karelian, would complement the nickel-copper-PGE (platinum group elements) already identified across the company\u2019s broader licence holdings in the region.<\/p>\n
\u201cThe identification of the historic Cappagh copper mine within the recently granted KDR4 licence area is a very exciting development,\u201d Karelian CEO Maureen Jones said in a statement.<\/p>\n
Detailed exploration programs, including geological mapping and geochemical sampling, are now being planned to fully assess the potential of the Cappagh copper mine and the adjacent area.<\/p>\n