Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
LONDON - Great Southern Copper (NYSE:SCCO) plc (LSE:GSCU) announced Friday results for the year ended March 31, 2025, highlighting significant progress at its Especularita copper-gold-silver exploration project in Chile.
The company completed Phase I diamond drilling at the Mostaza deposit, delivering 1,002.6 meters across nine holes, which confirmed extensions of copper-silver mineralization and increased historically-reported drill grades by up to 600% for both copper and silver.
Following this success, Phase II drilling commenced on March 11, 2025, utilizing two diamond drill rigs across 16 holes for a total of 1,701 meters. This program confirmed mineralization up to 500 meters south of the Mostaza mine, with grades reaching up to 10.4% copper and 672 grams per tonne silver, according to the company’s post-period announcement on June 24.
During the fiscal year, GSC expanded its Especularita Project by signing purchase option agreements for the Artemisa prospect, adding 1,665 hectares, and the Cerro Negro prospect, which includes the historical Mostaza Mine. Surface sampling at Cerro Negro in October 2024 showed assays up to 4.64% copper and 177 parts per million silver.
The company has decided to discontinue exploration at both its San Lorenzo and Monti Lithium projects to focus resources on Especularita, which it considers to have the greatest potential for near-term discovery.
On the financial front, GSC raised a total of £3.6 million through various funding rounds during the year, including placings in June and November 2024, and a subscription and convertible loan facility in February 2025.
Chief Executive Officer Sam Garrett said in the press release statement that the company believes it is "well-positioned for the year ahead" with its exploration pipeline and strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.