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Constellation Resources Limited (ASX:CR1)

ALERT: Price-sensitive ASX Announcement for CR1
Current share price for CR1 : $0.120 -0.065 (-35.14%)+
Announcement
Release
9 Jun 2026 8:33AM
Price at Release
$0.185
Full Release
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Summary
Constellation Resources Limited announced promising results from an initial reverse circulation (RC) drilling program at the Chatham Prospects within its Ularring Copper Gold Project in Western Australia. The drilling revealed notable copper-gold mineralization hosted in regolith, particularly along the Meenar Shear contact. Highlights include intercepts of 7m at 0.25% Cu and 0.04g/t Au from the surface at drill hole CHR001, and 15m at 0.22% Cu and 0.08g/t Au from the surface at drill hole CHR004. These findings, located near the granite greenstone contact, suggest potential for further exploration. Constellation plans additional surface geochemistry, geophysics, and drilling in the next field season. The project benefits from an Exploration Incentive Scheme grant and is strategically located near other significant mineral projects, emphasizing its strategic potential in the region.
Key Points
  • Anomalous copper-gold intercepts found at Chatham Prospects.
  • Significant intercepts include 7m at 0.25% Cu, 0.04g/t Au and 15m at 0.22% Cu, 0.08g/t Au.
  • The project is situated along the Meenar Shear, an important regional structure.
  • Further exploration programs are planned following promising early results.
  • The project received an Exploration Incentive Scheme grant of $57,500.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.