Western Metallica Resources Corp, a Canadian headquartered mineral exploration company with gold and copper projects across Spain, has advanced on its highly prospective Nueva Celti Copper Project, a past producing copper (Cu) mine, following success on the initial drill hole.
Western Metallica Resources Corp. (TSXV: WMS) focuses on the discovery and development of base and precious metals in highly prospective regions, making it an attractive investment opportunity for those looking to gain exposure to the mining sector. Well capitalised with over C$4m to advance its near-term plans, Western Metallica’s current drill programme on its priority copper project in Southern Spain, Nueva Celti, aims to validate historic high-grade results and holds the potential to become a predominant copper resource and future operating mine.
Nueva Celti is one of four assets in Western Metallica’s portfolio. The company has 100% ownership of two gold projects in Asturias; Penedela, and Valledor, and one copper mine located in Andalusia; Nueva Celti, along with Sierra Alta located in Asturias which is under a joint venture whereby the company owns 55% and is the operator.
Two-phased diamond drilling programme at Nueva Celti
Western Metallica recently initiated a two-phased 3,000m diamond drilling programme at Nueva Celti, the company’s copper mine. Drilling is estimated to reach 1,200m in Phase 1 and 1,800m in Phase 2, aimed at validating the historical grades and confirming the geology interpreted from the compiled historical information of ‘Asturiana de Zinc’, Glencore (refer to press release dated April 17, 2023).
The drill programme will target below the mineralised bodies and historical mine levels to demonstrate the continuity of mineralisation at depths of ~400m and ~400m on strike. The Nueva Celti project is notable due to its location adjacent to the Iberian Pyrite Belt, Southwestern Spain, a region known for its considerable mineral deposits, including some of the largest copper and zinc mines in Europe. In addition to the copper resources, the Nueva Celti project has significant potential for zinc and lead resources.
Between 1902 and 1918, historical production grades were reported over 5% Cu (which has yet to be independently validated by Western Metallica) plus other metals such as silver. Nueva Celti is strategically located near first-class infrastructure, including the Sevilla Industrial Port and Airport (~70 km in distance). Initial drill results position this 1,250-hectare property as the company’s most strategic and priority exploration project, estimated to exceed a 250,000-tonne copper equivalent potential.
Nueva Celti’s vast amount of regional and historical data, as well as past production, reported at commercial grades up to 5% copper, with infrastructure on and adjacent to the property, makes it a prime long-term project and key asset with the potential to develop into a significant base metal resource for the company.
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