White Cliff Minerals (ASX:WCN) said the first phase of the airborne geophysical data for the Danvers region at the Rae copper project in Canada identified adjacent, high-priority targets, according to a Monday Australian bourse filing.
The structure was confirmed by sulfides intersected in a drill hole around 4 kilometers south of the Danvers mineralization, the filing said.
A trial downhole electromagnetic survey is planned at Danvers.
The firm's shares fell almost 5% in recent trading on Monday.