- Ero Copper Corp. (ERO) has discovered a nickel sulphide system within the Curaçá Valley
- The new system, named Umburana, is over a five-kilometre strike length
- Results from drilling were done on two of the identified zones along the already interpreted northeast and southwest boundaries of the system
- Drilling is ongoing as there are four exploration drill rigs operating on the system
- Ero Copper Corp. (ERO) is up 9.33 per cent trading at $15.47 per share as of 2:13 p.m. ET
Ero Copper (ERO) has discovered a nickel sulphide system within the Curaçá Valley over a five-kilometre strike length.
The company stated the system remains open in all directions and is highlighted by multiple surface showings of nickel mineralization. Results from drilling were done on two of the identified zones along the already interpreted northeast and southwest boundaries of the system.
David Strang, CEO of Ero Copper, commented,
“To think that copper in the Curaçá Valley was first documented in the late 1700s and we are just now discovering nickel sulphide mineralization not far from where copper has been mined for over 40 years is truly remarkable… our efforts and persistence have paid off.”
The newly discovered nickel Umburana System was discovered using new detailed field mapping and soil geochemistry collected during 2021 and 2022 exploration programs along with surveying. First-pass drilling made up of 48 drill holes began testing where ultramafic rocks have been mapped at surface.
The ongoing program has identified large intervals of nickel sulphides as well as zones of high-grade semi-massive and massive sulphides with massive sulphide intercepts up to 1.5 meters in thickness grading up to 6.59 per cent nickel. The maximum depth of drilling to date is approximately 300 meters below surface. There are four exploration drill rigs currently operating on the system.
Mike Richard, Chief Geological Officer of Ero Copper, added,
“From my perspective, this is the most significant development in the Curaçá Valley’s regional exploration program to date.”
Ero Copper Corp. (ERO) is up 9.33 per cent, trading at $15.47 per share as of 2:13 p.m. ET.