- Cohiba Minerals (CHK) provides an update on exploration activities at its projects based in South Australia and says it’s pushing forward in WA
- Contractor Titeline Drilling has made progress with a follow-up a hole at the Horse Well Project reaching 797.5 metres in the expected formation
- Once completed, drilling is set to begin at Pernatty C to test for both Zambian Copperbelt style mineralisation and a deeper IOCG target
- CHK is expanding in the Gawler Craton area with drill hole locations finalised at the Warriner Creek Project and environmental documents submitted
- Shares are trading grey at 1.9 cents at 10:19am AEST
Cohiba Minerals (CHK) has provided an update on exploration activities at its projects in South Australia and says it’s pushing forward in WA.
The company said there were strategic and technical issues around the mining lease application at its Pyramid Lake project in Western Australia which have now been overcome, and the final application is reportedly being prioritised for completion.
In South Australia’s Gawler Craton area the company holds the Olympic Domain Tenement package, comprising eight exploration licences over 831 square kilometres including the Horse Well, Pernatty C and Andamooka-Peninsula projects.
CHK reported that Contractor Titeline Drilling has made progress, with the drilling of a follow-up hole at the Horse Well Project reaching 797.5 metres and is in the expected formation.
CEO Andrew Graham said the company believes this work will provide strong supporting evidence of the proximity to an iron oxide copper gold (IOCG) system.
Once completed, drilling of two angled diamond drill holes is set to begin at Pernatty C to test for both Zambian Copperbelt style mineralisation and a deeper IOCG target.
Moreover, the company has completed the necessary program for environment protection and rehabilitation (PEPR) documentation for the next program of drilling at Horse Well and is awaiting final confirmation of a heritage survey from the Kokatha Aboriginal Corporation.
At Warriner Creek, CHK has finalised drill hole locations together with Tigers Dominion Group (TDG) and Euro Exploration, and is currently undertaking the PEPR documentation.
Andrew Graham said the company is pleased to be expanding its presence and portfolio in the area through the work at Warriner Creek.
“This (Warriner Creek Project) is a strategic addition to the current project
portfolio in South Australia.”
“We remain committed to becoming a significant explorer for IOCG deposits in the Gawler Craton.”
Shares were trading grey at 1.9 cents at 10:19am AEST.