Announcement Date: 2022-02-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cohiba Minerals Ltd.
Project name: Horse Well
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 70m @ 0.3% Cu, 0.36g/t Au, 1.84g/t Ag from 962m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cohiba Minerals Limited (ASX: CHK, ‘Cohiba’ or ‘the Company’) is pleased to provide results for drillhole HWDD05W1 from the exploration drilling program at its Horse Well project in South Australia (Figure 1). End of Hole (EOH) @ 1,335.7m A total of 200.75m of mineralised intersections. As with HWDD05 the wedge hole has shown mineralisation, brecciation and alteration styles in some of the mafic units which are typical of an IOCG deposit (Figure 2) and that the structural history of the veins reflects the “big picture” structural evolution of the Olympic Dam Breccia Complex (ODBC) with early shear and late dilational characteristics. HWDD05W1 also showed a strong spatial correlation between iron (Fe), copper (Cu), gold (Au) and silver (Ag) and a reasonably good correlation with uranium (U) which are key characteristics of the ODBC.
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