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- Cohiba Minerals (CHK) has received the all-clear to start drilling at its Horse Well and Pernatty C prospects in South Australia
- The company received the tick of approval from the Heritage Survey and Exploration PEPR
- Cohiba has sent its field staff to the site to make sure the access tracks and drill pad preparation has been completed to their standards
- The first drilling will kickstart at Horse Well with hole HWDD_02
- From these results, the company will determine the order of merit for the other holes
- Horse well is close to BHP’s Oak Dam West Project, which has given Cohiba confidence that it is in the right location
- On the market this morning, Cohiba is up 18.2 per cent and is trading for 1.3 cents per share
Cohiba Minerals (CHK) has received the all-clear to start drilling at its Horse Well and Pernatty C prospects in South Australia.
The company received the approval from Heritage Survey and Exploration PEPR to start the drilling.
Cohiba has deployed its field staff to the site to make sure the access tracks and drill pad preparation has been completed in accordance with the approval conditions.
The drilling program will commence at Horse Well with hole HWDD_02, which will target the deep magnetotelluric conductive feature identified by Zonge. Following these results, the company will determine the order of merit for the other holes.
Horse well is close to BHP’s Oak Dam West Project, which has given Cohiba confidence that it is in the right location.
CEO Andrew Graham is pleased to finally have the approvals in place.
“This has been a team effort and I extend my thanks to the Kokatha Aboriginal Corporation, the Department of Energy and Mining, Euro Exploration, the Cohiba
Board and the shareholders for their work and support,” he said.
“We remain steadfast in the belief that we are situated in one of the most prospective areas within the best IOCG environment in the world,” he added.
On the market this morning, Cohiba is up 18.2 per cent and is trading for 1.3 cents per share at 10:49 am AEST.
