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Raptor Metals Ltd (ASX:RAP)

ALERT: Price-sensitive ASX Announcement for RAP
Current share price for RAP : $0.033 -0.008 (-19.51%)+
Announcement
Release
25 May 2026 11:06AM
Price at Release
$0.041
Full Release
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Summary
Raptor Metals Ltd (ASX: RAP) has announced promising results from its initial diamond drilling program at the Chester Copper Project in Canada's Bathurst Mining Camp. The drilling program, totaling 2,126 meters, revealed multiple high-grade copper-rich intercepts across the Chester deposit area, confirming the presence of a stacked polymetallic volcanogenic massive sulphide (VMS) system. Assay results from the first five holes showed significant copper mineralization, with copper equivalent grades reaching up to 2.06% in some intervals. The drilling has validated Raptor's geological model and highlights the potential for further resource growth both within and beyond the existing mineral resource estimate (MRE) area. The results also indicate broader zones of mineralization containing zinc, lead, and silver. The company awaits further assays from the remaining 11 holes and plans to integrate these results into updated geological models to assess resource growth potential.
Key Points
  • Initial assay results from Chester drilling show high-grade copper intercepts.
  • Drilling validates Raptor's geological model for a stacked VMS system.
  • Copper equivalent grades reach up to 2.06% in some intervals.
  • Mineralization includes zinc, lead, and silver alongside copper.
  • Further assays pending for 11 additional drill holes.
  • Chester project located in Bathurst Mining Camp, New Brunswick, Canada.
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.