16 May Cobre Significantly Extends Cu-Ag Mineralization in Botswana
Cobre Limited’s (ASX: CBE) initial assay results from a recently completed 5,120m diamond drill campaign at the Ngami Copper Project (NCP) in Botswana have returned several significant copper-silver (Cu-Ag) intersections.
The drilling was testing new and developing targets and had demonstrated the scale of the mineralized system which appears to be extensively developed on both the southern limb of the anticline opposite the Comet Target and along strike to the northeast of Comet.
“The first batch of assay results from recent drilling includes data from new targets identified from soil sampling anomalies,” CEO, Adam Wooldridge, said.
“The presence of anomalous intersections in several drill holes confirms the extensive scale of copper- silver mineralization, which exceeds our initial expectations. The results suggest that we may now have several tens of kilometres of prospective strike, where mineralization may be locally (structurally) concentrated into economic grades rather than isolated targets.
“The results bear many similarities to the anomalous copper background, size and structural setting of Banana Zone in the north-eastern Kalahari Copper Belt, providing a useful exploration analogue. Our primary focus for follow-up work will be to identify the higher-grade portions of the contact.”