Raptor Metals Limited (ASX:RAP) has provided an update on its ongoing 2,200 metres diamond drilling program at the Chester Project in New Brunswick, Canada. It follows initial positive results and reflects continued progress in its exploration strategy following the acquisition of Raptor Resources Limited and the resumption of trading on the ASX.
Location Map of the Chester Project, Canada.
The current program is focused on validating and improving the dataset underpinning Chester’s existing JORC-compliant Mineral Resource Estimate.
- Raptor has completed another 10 HQ diamond drill holes at the Chester Project in New Brunswick, Canada, taking the total to 12 of the planned 15 HQ holes in the 2,200 metres program. The program also includes three planned PQ metallurgical holes, with the remaining holes expected to be finished within the next two weeks.
Plan view showing location of completed and proposed HQ Diamond Holes.
- Geological observations from the most recent holes are consistent with expectations and with early logging from CDH001 and CDH002, supporting historical interpretations and improving understanding of the deposit. Logging also indicates consistent lithology and mineralisation styles across the drill holes.
- The drill program is designed to validate historical data, collect metallurgical samples, generate structural information, test infill targets and extensions to the existing JORC-compliant Mineral Resource Estimate (MRE), and complete downhole geophysics aimed at identifying opportunities for resource growth.
- Core processing is continuing, with assay results expected in about 6–8 weeks.
"We are encouraged by the consistent geological observations across the first twelve holes, which continue to align with our expectations and reinforce Chester's potential in this world-class VMS district. This program is delivering valuable insights into the deposit's structure and mineralisation styles, positioning us for resource expansion and informed future exploration,”managing director Brett Wallace said.
What's next?
- Complete the remaining 3 HQ diamond drill holes and 3 PQ holes (~2,200 metres total) anticipated to occur in or around 10 March 2026.
- Submit HQ diamond core samples for assaying.
- Submit PQ diamond core samples for metallurgical testing.
- Conduct downhole time domain electromagnetic (TDEM or TEM) survey.