- Cobre (CBE) intersects copper for the third time during its ongoing drill program at Kalahari Metal’s Ngami copper project in Botswana
- The company identifies visible mineralisation in the third hole of the program, consisting of malachite, chrysocolla and chalcocite
- In addition, portable X-ray fluorescence (pXRF) readings helped to confirm a 15-metre zone of copper mineralisation from 109 metres
- The findings extend mineralisation from Cobre’s previous drill holes, which remains open to the south-west and north-east
- Cobre shares entered a trading halt today ahead of a planned capital raising but last traded at 18 cents on August 2
Junior explorer Cobre (CBE) has intersected copper for the third time during its ongoing drill program at Kalahari Metal’s Ngami copper project in Botswana.
The company identified visible mineralisation in the third diamond hole of the program, consisting of malachite, chrysocolla and chalcocite.
In addition, portable X-ray fluorescence (pXRF) readings helped to confirm a 15-metre zone of copper mineralisation from 109 metres.
Cobre Executive Chairman and Managing Director Martin Holland said the drill hole further illustrated the strike length of intersected copper mineralisation in this “exciting” target.
“The footprint of mineralisation, which now extends over more than three kilometres, is very much in-line with known deposits in the Kalahari Copper Belt,” Mr Holland said.
The findings extend mineralisation from Cobre’s previous drill holes, which remains open to the south-west and north-east.
The hole is still in progress after having intersected further minor copper mineralisation.
Today’s discovery comes as part of Cobre’s wider drill program at the project designed to test 57 ranked targets in the area.
Cobre shares entered a trading halt today ahead of a planned capital raising but last traded at 18 cents on August 2.