- Cohiba Minerals (CHK) strikes further “significant” zinc intersections at the Pernatty C project in South Australia
- The company received the results from an infill, follow-up drill program conducted from December 2021 to March 2022
- Highlights from the drilling included one metre at 5.28 per cent zinc and 2.3 parts per million (ppm) silver from 788 metres, and 0.8 metres at 2.13 per cent zinc and 13.3 ppm silver from 982.4 metres
- Cohiba says it will continue to develop an exploration model for Pernatty C, with the aim of undergoing further drilling
- Cohiba Minerals last traded at 0.6 cents at 11:06 am AEDT
Cohiba Minerals (CHK) has struck further “significant” zinc intersections at the Pernatty C project in South Australia.
The company received the results from an infill, follow-up drill program conducted from December 2021 to March 2022, which tested the Tapley Hill Formation for Zambian Copper Belt (ZCB) sediment-hosted mineralisation.
The company used geophysical magnetic and electrical conductivity anomalies to plan the drill holes.
Highlights from the drilling included one metre at 5.28 per cent zinc and 2.3 parts per million (ppm) silver from 788 metres, and 0.8 metres at 2.13 per cent zinc and 13.3 ppm silver from 982.4 metres.
The company noted no minimum assay cut-off was applied and intervals quoted are down-hole widths, with the true widths not currently able to be determined.
“Given this set of very encouraging results we will continue to build our understanding of the geology and structure of this area with the intention of targeting further zinc-lead-silver mineralisation through a follow-up program,” Executive Director and CEO Andrew Graham said.
Cohiba said it will continue to develop an exploration model for Pernatty C, with the aim of undergoing further drilling.
Cohiba Minerals last traded at 0.6 cents at 11:06 am AEDT.