Announcement Date: 2022-07-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cohiba Minerals Ltd.
Project name: Pernatty C
Location: Australia
Commodities: Silver,Lead,Zinc
Highlight: Drilling results incl. 0.8m @ 8.6% Zn, 1.9% Pb, 40.1g/t Ag from 865m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cohiba Minerals Limited (ASX: CHK, OTCQB: CHKMF, ‘Cohiba’ or ‘the Company’) is pleased to announce significant zinc results in assay data returned from drilling at the Pernatty C project. Two drill holes were completed at Cohiba’s Pernatty C tenement from December 2021 to March 2022. The drill holes were co-funded by the Department for Energy and Mining, SA as part of the Accelerated Discovery Initiative (ADI) program. The drill program tested the Tapley Hill Formation for Zambian Copper Belt (ZCB) sediment hosted mineralisation, and to continue to drill to the Wallaroo Group basement for Copper Skarn or distal IOCG (Iron Ore Copper Gold) mineralisation. Geophysical magnetic and electrical conductivity anomalies were used to plan the drill holes (Figure 1). The project area is located in an area of current and historical mineralisation 40 km south of Oz Mineral’s Carrapateena IOCG copper mine, 13 south-east of the historic Mt Gunson copper mine with mineralisation located at the base of the Whyalla Formation cover sequence, and 24 km north-west of the Punt Hill copper skarn area. The nearest drill hole to basement is located 4.8km to the south-east.
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