“The company will now focus on aggressively infilling the new potential copper discovery throughout the remainder of this year. This is a significant opportunity now for the Cobre team to unlock a new deposit and a new copper district,” MD and executive chair Martin Holland said.
Cobre Ltd (ASX:CBE) has doubled down on the Ngami Copper Project (NCP) and Kitlanya West licences in Botswana with an infill diamond drilling campaign — designed to define a new copper deposit at Ngami – and a soil sampling programme over Kitlanya, which will investigate the regional opportunities of the Kalahari Copper Belt (KCB).
This first stage of infill diamond drilling will take place in two phases: 2,400 metres of diamond drilling space 500-metres apart to infill previous exploration drilling, and then a 250-metre spaced round for a further 4,800 metres of drilling.
The company will also ship drill core samples from particularly promising historical holes to ALS Laboratories in Johannesburg for assay, with results expected in September.
“Significant” opportunity to unlock new deposit
“This is a very exciting period for Cobre and all our shareholders. We are very proud of this new potential copper discovery, which was masterfully engineered by the Cobre technical team,” Cobre executive chair and managing director Martin Holland said.
“The targeted strike length at NCP is comparable to some of the largest copper deposits in the Kalahari Copper Belt.
“The company will now focus on aggressively infilling the new potential copper discovery throughout the remainder of this year.
“This is a significant opportunity now for the Cobre team to unlock a new deposit and a new copper district.”
Cobre’s soil sampling program will use low detection mobile metal-ion geochemistry, which has proven effective in defining soil anomalies that lead to drill-confirmed mineralisation at Ngami.
The company intends to take samples from 100 kilometres of prospective contact within the NCP licenses and will also send 5,300 historical soil samples for analysis.
CBE will also undertake a 7,000-sample soil program over targets in the 2,000-square-kilometre Kitlanya West licences, scheduled to begin late this month.
