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Great Southern Copper PLC - mineral exploration company targeting copper in Chile - Says its ground magnetics survey has identified multiple shallow and buried targets for follow-up at the San Lorenzo copper-gold project in Chile. Seven new areas of interest identified, including 13 near-surface anomalies interpreted as potentially indicative of either zones of higher vein density or small intrusions.
Chief Executive Sam Garret says: ‘With ground-truthing of the anomalies and interpretation underway by our team on site, plans are progressing well for the company's first reconnaissance exploration drilling programme at San Lorenzo. Negotiations with drilling contractors are underway to secure rig availability and we hope to be mobilising a rig to site before the end of June 2022.’
Current stock price: 4.20 pence, up 3.7% in London
12-month change: down 7.7%
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