Cloudbreak Resources Ltd. (CDB: TSX.V, C6K: Frankfurt; CUDBF.PK) announced the results from the company’s ongoing drilling projects at the Derekoy Cu-Mo site in Turkey earlier today.
The results from the Derekoy Cu Mo site’s diamond drill hole, DD-001, project returned 213 meters at 0.33% Cu, 0.0020% Mo and 0.047 g/t Au including 160 meters at 0.36% Cu, 0.0026% Mo and 0.05g/t Au. Hole DD-003 returned 0.38% Cu, 0.0075% Mo and 0.058% Au over 227 meters.
Because of these impressive results, a ground magnetic survey has also been completed to further survey this area. This survey shows that a potassic alteration zone also exists, leading to further discussion for additional drilling in the near future.
Currently, Cloudbreak holds a 65% interest in both properties through an agreement established with Valhalla Resources Ltd., a private company. The properties are wholly owned by a Turkish subsidiary of Anatolia Minerals Development Limited (TSX: ANO).
Blair Naughty, President and CEO of Cloudbreak said “the drill results and the results of the geophysical surveys are very positive and we look forward to additional results in the coming weeks”.
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