Cobre Limited’s assay results for drill hole NCP20A which has intersected a significant zone of chalcocite mineralisation within a parasitic fold. This fold appears to have acted as a trap-site, effectively increasing the grade and thickness of copper-silver mineralisation, a common occurrence in KCB deposits.
Commenting on these significant high-grade copper-silver assay results, Cobre’s Executive Chairman and Managing Director, Martin Holland, said:
“These results highlight the potential for an economic deposit to be uncovered at Comet and our developing district within the KCB more broadly. Importantly, we believe that, based on these latest assay results, there is much more to come.”
Highlights
- Assay results confirm visual copper mineralisation estimates1 , delineating a broad 30m copper-silver intersection, with grades averaging 1.25% Cu and 17 g/t Ag from 128m to 158m downhole including: o 12.2m @ 2.5% Cu and 24 g/t Ag (2.68% Cueq 2 ) or o 5.1m @ 5.1% Cu and 32 g/t Ag (5.21% Cueq).
- The intersection includes an exceptional 1.7m @ 10.9% Cu and 45 g/t Ag (11.2% Cueq) from 155.3m to 157m downhole.
- The grade-thickness of copper-silver mineralisation from NCP20A falls into the upper 2% of drill hole intersections from other known deposits within the Kalahari Copper Belt (KCB), highlighting the significance of the result
- NCP20A is part of a structurally controlled high-grade zone of copper-silver mineralisation within the Comet target, which extends over more than 250m from previous drill hole NCP08 (10.7m @ 1.5% Cueq) 3
“In particular, the significance of the NCP20A copper intersection corroborates the Company’s previously reported visual estimates. This further reaffirms our exploration methodology and the high calibre of our African-based technical team on the ground.
Our focus continues to be aimed at identifying new targets and proving up the high-grade zones within these,” added Holland.
Based on results, there is potential for several similar structurally controlled high-grade zones to occur along the 4km length of the Comet Target. The company says that Diamond Drilling ongoing with a regional exploration drilling update is due.
