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Source: Cohiba Minerals
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  • Cohiba Minerals (CHK) is set to begin drilling at the Horse Well tenements within the Gawler Craton in South Australia
  • A contract has now been signed with Durock Drilling to begin deep hole drilling at Horse Well, following high-grade copper intersections returned earlier this year
  • An exploration program for environment protection and rehabilitation has also been completed for the Horse Well area, covering 12 additional drill holes for up to 16,800 metres of drilling
  • Cohiba Minerals last traded at 1.6 cents on July 6

Cohiba Minerals (CHK) is set to begin drilling at the Horse Well tenements within the Gawler Craton in South Australia.

A contract has now been signed with Durock Drilling to begin deep hole drilling at Horse Well. A wedge hole will be drilled at the tenements, with the drill rig currently on its way from New South Wales.

The company says the decision to drill is based on previous drill core investigations, which returned high grade copper intersections earlier this year.

An exploration program for environment protection and rehabilitation has also been completed for the Horse Well area, covering 12 additional drill holes for up to 16,800 metres of drilling. This includes extensive mineralogical, petrological and stratigraphic investigations undertaken by iron oxide, copper and gold experts.

Meanwhile, Cohiba has secured a drilling contractor for the Pernatty C prospect, and is in the process of working out the logistics in relation to drill pads and sumps in order for the drilling to be undertaken at the earliest possible time.

Cohiba’s CEO, Andrew Graham says the experts involved in the project have provided extensive insights into the mineralogy and structure of areas the company is exploring.

“Whilst the Company has experienced some significant delays in its ongoing program of work, it has maintained a strong focus on gathering as much supporting data as possible in relation to its key assets in the Gawler Craton.”

Cohiba Minerals last traded at 1.6 cents on July 6.

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