Ero Copper shares rise on nickel discovery near its Caraiba mill in Brazil

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First pass results from 48 drill holes on two identified zones at the discovery, located about 20 km from Ero’s Caraíba processing facilities in the northeastern state of Bahia, revealed several highlights, with the depth going down to about 300 metres.

Ero Copper image

Drilling at the VB zone returned 16.5 metres at 1.22% nickel, 0.17% copper and 0.03% cobalt; and 3.8 metres at 3.6% nickel, 0.22% copper and 0.09% cobalt in hole VB-17.

That interval also includes 1.5 metres of massive-sulphide textures grading 6.59% nickel, 0.26% copper and 0.17% cobalt.

In the Lazaro zone, hole LZ-03 cut 24.1 metres at 0.81% nickel, 0.18% copper and 0.04% cobalt, including 13 metres at 1.11% nickel, 0.25% copper and 0.05% cobalt.

Hole LZ-06 returned 22.5 metres at 0.84% nickel, 0.15% copper and 0.05% cobalt, including 8 metres at 1.34% nickel, 0.25% copper and 0.07% cobalt.

Umburana was discovered during the company’s 2021 and 2022…

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