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- Cobre (CBE) intersects broad zone of visible copper mineralisation in its ongoing diamond drill program at its Ngami copper project in Botswana
- The discovery comes from the fourth step out drill hole, which aimed to test the north-eastern extension of copper mineralisation intersects in the programs first three holes
- The company says the visible copper extends 69 metres down hole with 13 metres of chalcocite mineralisation noted and confirmed with portable X-ray fluorescence (pXRF)
- It believes the target is open-ended and extends further north-east than previously expected
- Cobre shares are up a healthy 43.3 per cent to trade at 21.5 cents at 10:44 am AEST
Cobre (CBE) has intersected a broad zone of visible copper mineralisation in its ongoing diamond drill program at its Ngami copper project in Botswana.
The discovery was made in the fourth one-kilometre step out drill hole, which aimed to test the north-eastern extension of copper mineralisation intersected in the program’s first three holes.
The company said the visible copper extends 69 metres down hole with 13 metres of chalcocite mineralisation noted and confirmed with portable X-ray fluorescence (pXRF).
It believes the target is open-ended and extends further north-east than previously expected.
Meanwhile, infill drilling is underway, which is aimed at demonstrating the vertical and lateral continuity to the intersected copper mineralisation.
Chairman and Managing Director Martin Holland said further assays will be available next month.
“The footprint of mineralisation now extends over four kilometres, which is in line with the largest known deposits in the Kalahari Copper Belt,” he said.
Shares in the company were up a healthy 43.3 per cent to trade at 21.5 cents at 10:44 am AEST.
