Announcement Date: 2022-09-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cobre Ltd.
Project name: Ngami
Location: Botswana
Commodities: Silver,Copper
Highlight: Drilling results incl. 10.7m at 1.3% Cu, 18g/t Ag from 136.2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cobre Limited (ASX: CBE, Cobre or Company) is pleased to announce the first batch of assay results for drill holes NCP07, NCP08 and NCP09 from its ongoing drill programme on Kalahari Metals Limited’s (KML) NCP licenses (Figure 1). Assay results corroborate visual estimates of anomalous copper mineralisation, with hole NCP08 proving the potential for economic concentrations of mineralisation (Figure 2). Furthermore, results broadly match typical grade vs intersection-widths from other economic deposits in the KCB which are typically biased to structurally controlled, high-grade intersections in a broader zone of moderate grades (Figure 3 and Figure 4). The ongoing 500m infill drill programme has now completed drill holes NCP13 and NCP14- both of which have intersected notable copper mineralisation at the expected target depth confirming the lateral continuity of anomalous copper results which extend over >4km strike The drill programme will now focus on completing the 500m spaced lateral coverage along the target and extending the target footprint to the northeast. A second rig will begin concurrently testing highgrade portions of the target (Figure 5). This phase of drilling will include eight additional diamond drill holes totalling approximately 2400m, and is expected to be completed by the end of October 2022.
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