Oro Verde (ASX: OVL) is continuing to intercept broad zones of copper-iron oxide breccia in drilling at the Chuminga Project in Chile, with the third diamond drill hole returning 79.3 metres of mineralisation.
A visual grade of about 1% copper has been identified in the mineralised zone.
Drilling of hole number three was completed this week, at a depth of 143.55 metres. Mineralisation was intercepted between 55.4 metres and 134.7 metres depth.
The drill hole was targeting the same copper-iron oxide breccia mineralisation that was identified in the first diamond core hole, 32 metres to the south.
Hole number one intersected 61 metres at 0.9% copper and 0.15 grams per tonne gold. Mineralisation intercepted in this hole was observed to thicken down dip from surface to the east.
Drilling of the fourth hole is now underway, targeting the same mineralisation.
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