Belararox Limited announced a drilling update at its Tambo South project at the Toro-Malambo-Tambo (TMT) Project in San Juan Province.
By Panorama Minero
Tambo South Target:
• The second hole at Tambo South (TMT-TSU-DDH-002) is currently at a depth of 729m for a planned hole depth of > 1300 meters, with the main geochemical target depth yet to be tested.
• Significant copper sulphides have been observed in drill core in the following intervals above the main geological target not yet tested:
• Assays have been received for the first 224m at the first hole at Tambo South TMT-TSU-DDH001, including 30m at 0.13 Cu from 102m and 30m at 0.10 % Cu from 154m, associated with fine-grained and sooty, supergene chalcocite (Cu2S). Assays for the remaining 804.6m are outstanding and will be reported in the coming weeks.
Malambo Target:
• Drilling at the Malambo copper-gold porphyry target is progressing well, with the first hole (TMT-MAL-DDH-001) completed to a depth of 1,166m, showing widespread quartz veins with visible molybdenite (MoS2).
• The second drill hole at Malambo commenced on 21 March and is currently at 48m for a planned depth of 600mm and will be testing the shallower Halley geochemical model.
• Assays for both holes are outstanding and will be reported in late April or early May.
Exploration Director – Jason Ward commented:
Drill hole TMT-TSU-DDH002 at Tambo South has encountered a long and relatively consistent intersection of visible copper mineralization in the form of disseminated and veinlet-controlled covellite, chalcocite and chalcopyrite. This confirms the geological model of Tambo South as a copper porphyry system which has been overprinted by a high sulfidation event. The mineralisation and alteration vectors are suggesting a strong copper system, and we eagerly await the continuation of this hole to the planned depth of > 1300m.
Managing Director – Arvind Misra commented:
We’re very encouraged by the latest results from Tambo South, where drilling has intersected a long zone of visible copper mineralization. This is a strong validation of our geological model and adds real momentum to the program. Tambo South is a key target within our broader TMT project, which sits in a largely unexplored corridor between the world-class El Indio and Maricunga Metallogenic Belts—an exceptional address for copper exploration. These early signs are pointing to a significant system, and we’re excited about the potential scale as we continue drilling and move toward unlocking meaningful value for our shareholders
Tambo South
The first drillhole at Tambo South (TMT-TSU-DDH-001) ended in highly encouraging mineralisation at 1,028.6m, before reaching the target depth of 1,300m due to drilling difficulties (and not geological reasons). Assays have been received for the first 224m of TMT-TSU-DDH001, including 30m at 0.13 weight-% Cu from 102m and 30m at 0.10 weight-% Cu from 154m, associated with fine-grained and sooty, supergene chalcocite (Cu2S). Assays for the remaining 804.6m are outstanding and will be reported in the coming weeks.
The logged visual estimates of chalcocite (Cu2S) in this hole reach up to 0.3 volume-% observed between 724m and 756m. The logged visual estimates of covellite (CuS) in this hole reach up to 0.2 volume-% observed between 874m and 922m, between 939m and 955m, and between 1001m to end of hole at 1028.6m.
The second drillhole at Tambo South, TMT-TSU-DDH-002, commenced on 1st March 2025 at an inclination of 70 degrees towards an azimuth of 89 degrees and is currently at a depth of 729m. The planned hole depth is > 1300 meters.
Malambo
The first drillhole at Malambo was terminated at a depth of 1,166m on 19/3/2025. The drillhole intersected a suite of porphyry-style intrusions, including hornblende and biotite-bearing diorites, with zones of andesites and intrusion breccias. The mineralisation commonly includes disseminated- and vein-pyrite, with molybdenite (MoS2; trace to 0.2 volume-% of the drill-core) contained in granular quartz veins, and minor chalcopyrite observed in pyritic veinlets.
The second drillhole at Malambo, TMT-TSU-DDH002, commenced on 21/03/2025 at an inclination of 65 degrees towards an azimuth of 260 degrees, targeting a magnetic high and 3D porphyry footprint geochemical target, which lie beneath an outcropping zone of quartz veins. The current depth of this drill hole is 48m.
