Total
0
Shares
Field workers at Pernatty C prospect. Source: Cohiba Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cohiba Minerals’ (CHK) drill contractor, Titeline Drilling, has mobilised a rig to the Horse Well Project to commence drilling
  • CHK will drill one deep hole at the South Australia-based project to follow up on mineralisation in a previously drilled hole
  • Cohiba will also begin drilling two holes at the Pernatty C prospect next month to target a shallow conductivity anomaly trend and a magnetic anomaly target
  • Company shares are up 8.82 per cent to trade at 1.9 cents at 1:18 pm AEST

Cohiba Minerals (CHK) has announced that drill contractor Titeline Drilling’s rig has arrived at the Horse Well Project to commence drilling.

The company is drilling an additional deep hole at the South Australia-based project to follow up on mineralisation in a previously-drilled hole.

This follow-up hole will be drilled in the same location as the original hole at a declination of 80° to basement and then progressively shallow to around 65° by 1200 metres, with a planned total hole length of around 1600 metres.

CEO Andrew Graham said he was pleased to have secured Titeline Drilling for this strategic hole.

“After several delays out of the company’s control we are pleased to have secured a quality drilling company in Titeline Drilling to undertake this strategic drill hole at Horse Well to further test the presence of mineralisation encountered in hole HWDD_04,” Mr Graham said.

Mr Graham also inked plans to start drilling at the Pernatty C prospect next month.

“In addition we will commence drilling at Pernatty C in early September with two angled holes that will target both a shallow conductivity anomaly trend identified from the induced polarisation survey and an iron oxide copper-gold magnetic target associated with a magnetic anomaly trend,” he said.

Additionally, Cohiba Minerals is completing a heritage survey to drill 12 deep holes at Horse Well.

Company shares were up 8.82 per cent to trade at 1.9 cents at 1:18 pm AEST.

CHK by the numbers
More From The Market Herald
Vimy Resources (ASX:VMY) - Interim CEO, Steven Michael

" Vimy Resources (ASX:VMY) advances controversial Mulga Rock Uranium Project

Vimy Resources (VMY) has submitted a notification of ‘substantial commencement’ for the Mulga Rock Uranium Project in Western Australia.
Bardoc Gold (ASX:BDC) - CEO, Robert Ryan

" Bardoc Gold (ASX:BDC) confirms extensions of Zoroastrian deposit

Bardoc Gold (BDC) has announced most recent assay results from the Zoroastrian deposit within its namesake project “exceeded expectations”.
Albion Resources (ASX:ALB) - Executive Chairman, Colin Locke

" Albion Resources (ASX:ALB) intersects shallow lead-zinc mineralisation at Pillara East

Albion Resources (ALB) has intersected shallow zinc-lead mineralisation at the Pillara East target in Western Australia.
Breaker Resources (ASX:BRB) -

" Breaker Resources (ASX:BRB) sees further potential at Manna

Breaker Resources (BRB) has seen further potential for the Manna lithium prospect as a significant lithium discovery.