Simuku looking fruitful for Coppermoly

摘要

Recent drilling has increased the tonnage potential of the Simuku copper project on New Britain Island in Papua New Guinea, owned by Coppermoly Ltd (ASX: COY) in partnership with Barrick (PNG Exploration) Ltd. The Simuku poryphry copper system, located about a one hour drive from a deep water port at the provincial capital of Kimbe, contains 1.5 billion pounds of copper, with a total of over 9,000 metres in 36 drill holes completed to date.