07:58 AM EST, 12/19/2024 (MT Newswires) -- Sandfire Resources America ( SRAFF ) overnight Wednesday announced additional drill results from its 2024 exploration drilling program.

A statement noted the ongoing drilling program aims to upgrade and expand the Johnny Lee Lower Copper Zone resource of 1.2Mt at 6.8% Cu (Measured and Indicated) and 0.5Mt at 5.9% Cu (Inferred).

Among highlights, SFR cited: continued exploration success at the Johnny Lee Copper deposit at the Black Butte Copper Project in Montana, USA; and completion of 32 drill holes in the current drill program. Today's update highlights results from 11 holes, with the "significant results" from the Johnny Lee Lower Copper Zone.

VP of Exploration, Jerry Zieg, in the statement said, "Our drilling is achieving consistent high-grade intersections in and around the resource as well as clearly defining its boundaries. This much improves the integrity of the resource model and adds significant value to the Black Butte project."

SFR was unchanged at $0.295 yesterday.