- Cobre (CBE) intersects further copper mineralisation at the Ngami copper project in the Kalahari copper belt, Botswana
- The company has been undergoing a drill program on Kalahari Metal’s NCP licenses, of which Cobre currently owned a 51 per cent stake
- The sixth hole of the ongoing drill program returned “highly encouraging” mineralisation, with one intersecting an 18 metre zone of visible copper mineralisation down hole
- Cobre’s ongoing drill program will test the first of 55 ranked targets across KML’s license holding, including 43 targets on the underexplored margin of the Kalahari copper belt
- Cobre last traded at 41 cents on September 8
Cobre (CBE) has intersected further copper mineralisation at the Ngami copper project in the Kalahari copper belt, Botswana.
The company has been undergoing a drill program on Kalahari Metal’s NCP licenses, of which Cobre currently owns a 51 per cent stake.
The sixth hole of the company’s ongoing program returned “highly encouraging” mineralisation, with one hole intersecting an 18 metre zone of visible copper mineralisation down hole, which included nine metres of notable visual chalcocite mineralisation.
The company reported the mineralisation consisted primarily of fine-grained chalcocite which occurred as fracture-fill and along bedding planes.
Additionally, the company noted intersections of vein hosted cuprite mineralisation.
“This is another significant result, providing confidence that the significant copper mineralisation intersected so far has lateral continuity along the extensive strike length of the target,” Executive Chairman and Managing Director Martin Holland said.
“We look forward to updating the market with further results from the 500 metre spaced drill program along with assay results as these become available.
“Given the success of the first six holes in this diamond drill program, the company is fast tracking exploration with a second drill rig mobilising to site.”
Cobre’s ongoing drill program will test the first of 55 ranked targets across KML’s license holding, including 43 targets on the underexplored margin of the Kalahari copper belt.
Cobre last traded at 41 cents on September 8.