Norfolk Metals Ltd Launches Maiden Drill Campaign at Carmen Copper Project in Chile, Paving the Way for Significant Copper Resource Expansion
Wednesday, August 13, 2025
at
8:22 am
Norfolk Metals Ltd has launched its maiden drilling campaign at the Carmen Copper Project in Chile. The initial reverse circulation phase aims to confirm copper mineralisation, with diamond drilling to follow, supporting the company’s goal of a low‐cost, high-margin copper operation.
Norfolk Metals Ltd announced the commencement of its Maiden Drill Campaign at the Carmen Copper Project in Chile. The campaign, which builds on historical drill intercepts within a proven copper mineralisation zone, has initiated with a Reverse Circulation (RC) drilling phase targeting the Carmen Main area and extending along strike on the Carmen-Tabaco Thrust Fault system. The primary goal in this phase is to confirm earlier results and establish continuity within the resource area. Following the RC phase, the company plans to start Diamond Drilling (DD) in October 2025 to explore sulphide mineralisation below the copper oxide cap at depths beyond 40 meters, as well as to delineate further mineralisation along strike.
The technical drilling program will involve up to 5,100 meters of drilling and is structured in two consecutive stages. The current RC drilling targets confirmation of copper oxide mineralisation known from historical resource estimates, while the upcoming DD phase is expected to assess the potential of underlying sulphide deposits. Additionally, Norfolk Metals is expanding its investigation to areas southwest of the established historical resource boundaries. The initiative, supported by analytical work from ALS Laboratories in Chile, comes just two months after the earn-in agreement commenced, signaling a rapid progression in operational activities.
The announcement highlights several key milestones set for Q3 and Q4 2025, including the issuance of permits by Chilean authorities, ongoing stakeholder engagements, continuous assay reporting, and plans for a shareholder meeting to approve a tranche two placement. These developments, along with the planned appointment of a Transcendence Mining director to the board, are poised to strengthen the management team and project oversight.
From a bullish perspective, the rapid initiation of the drill campaign and strategic progression from RC to DD drilling may boost investor confidence as early results could validate the robustness of the historical copper resource. The proximity to renowned joint ventures in the region and a clear path towards establishing a low-cost, high-margin copper production operation serve as positive indicators. Conversely, a bearish view emphasizes the inherent uncertainties in exploration, from potential discrepancies in drilling results to the regulatory challenges and risks associated with forward-looking statements. The continuation of drilling success and market fluctuations in copper prices remain critical factors that could influence the short-term performance of Norfolk Metals Ltd.