- Eastport Ventures Inc. (TSXV:EVI) launched a multi-phase drilling campaign at its flagship Matsitama Copper Project following its first day of trading
- Drilling commenced at the NAK Deposit to delineate mineralization, alongside reconnaissance drilling at Copper-Cobra and Kopano South targets.
- Initial drilling is expected to finish by late December, with Phase 2 scheduled for early next year
- Eastport Ventures stock (TSXV:EVI) opened trading at $0.62
Fresh off its first day of trading, Eastport Ventures (TSXV:EVI) has begun a multi-phase, multi-project drilling campaign at its flagship Matsitama Copper Project in Botswana. The program marks a significant milestone for the company, which has spent the past six years advancing critical metals projects through private development.
The Matsitama Copper Project hosts three strategic targets at varying stages of maturity:
- NAK Deposit (drilling commenced): An advanced copper project with a 1.3 km strike length and a historical resource estimate exceeding 100 million pounds of contained copper. Current drilling aims to delineate mineralization for future resource estimation.
- Copper-Cobra Target (reconnaissance drilling commenced): A promising IOCG-style target featuring a 25 km copper-in-soil anomaly, outcropping gossan, and historic RC drilling results of up to 2.5 per cent Cu.
- Kopano South Target (reconnaissance drilling commenced): Focused on testing the southern extension of the Kopano Mine (72 Mt at 0.94 per cent Cu) along the Bushman Fault.
The initial drilling and reconnaissance campaigns are expected to conclude by late December, with Phase 2 drilling scheduled to begin in the New Year.
“Although a new issuer, it is important to emphasise that Eastport has been proactively developing its critical metals projects for the past six years. Our listing is a continuation of many years of preparation rather than a ‘commencement’ of operational activity,” Eastport’s CEO, Burns Singh Tennent-Bhohi explained in a media statement. “This allows the company to seamlessly transition from private critical metal developer to a Public Reporting Issuer with a well-planned active exploration programs.”
Eastport Ventures stock (TSXV:EVI) opened trading at $0.62.
Eastport Ventures Inc. is engaged in the acquisition, exploration, and development of mineral properties in Botswana, Africa. The Company has exposure to critical metals including copper (Cu), nickel (Ni), uranium (U), rare earth elements (REE) and diamonds.
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