Great Southern Copper PLC (LSE:GSCU) has reported major progress from its Phase III drilling programme at the Cerro Negro project in Chile, highlighting newly identified zones of high-grade copper–silver mineralisation. Recent drill results have uncovered additional chalcocite-rich lenses that point to a possible stacked system, effectively enlarging the scale and geological complexity of the Mostaza deposit. The campaign has returned strong assay intervals for both copper and silver, and the emergence of multiple mineralised lenses suggests a structurally controlled, repeating lens architecture. These findings strengthen the company’s view of Cerro Negro’s expanding potential and provide clear vectors for future drilling.
While exploration success continues, Great Southern Copper’s broader outlook remains constrained by its financial position, with no revenue generation and ongoing negative cash flows despite a solid equity base. Positive technical signals and supportive corporate developments help improve sentiment, but financial fragility remains a central challenge, further complicated by the lack of available valuation metrics.
More about Great Southern Copper PLC
Great Southern Copper PLC focuses on the exploration of copper, gold, and silver assets in Chile. The company is actively advancing its portfolio, with significant attention on the Cerro Negro project as it works to identify, expand, and evaluate high-grade mineral systems.
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