Diablo Resources Reports Sampling Results From US Copper Project, Shares Rise 6%

MT Newswires Live

03/25

Diablo Resources (ASX:DBO) reported results from sampling at priority targets at its Phoenix copper project in the US, according to a Tuesday Australian bourse filing.

Channel sampling of outcropping mineralized zones at the Philadelphia prospect returned results including six meters at 2.13% grade of copper and two meters at 2.40% grade of copper.

Grab samples containing significant results from copper mineralization in a road cut came in at 8.21% copper and 36 grams per tonne grade of gold.

Reconnaissance grab sampling at another target returned 42.6% grade of copper and 211 g/t grade of gold.

Its shares rose over 6% in recent trading on Tuesday.

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