Moonlight Resources begins Peak Downs copper drilling

• Moonlight Resources initiated a 3,000-metre drilling programme at its Peak Downs copper prospect in central Queensland.
• Shares in the exploration company remained unchanged at $0.12 following the market update.
• The company stated the campaign is designed to validate historical intercepts and test mineralisation continuity.

Moonlight Resources (ASX:ML8) commenced a 3,000-metre reverse circulation drilling programme at Peak Downs.

This campaign represents the first modern, systematic exploration of the central Queensland copper system.

Historical reports indicate the site previously produced approximately 100,000 tonnes of ore averaging 17% copper.

The company stated the drilling is designed to validate selected historical intercepts and test mineralisation continuity.

Following the announcement, the Moonlight Resources share price was unchanged at $0.12.

Management advanced the copper site following an exploration data review and activity at Clermont Gold.