COBRE LIMITED
During the quarter, the Company's focus continued to be concentrated on the
HIGHLIGHTS
- Drilling continued at Perrinvale with Significant High-Grade Copper Gold Results.
- Schwabe Prospect - drilling and assay results confirm the presence of a high-grade Volcanic-Hosted Massive Sulphide (VHMS) system containing primary copper, zinc, gold and silver at shallow depth including:
o DD Hole 20PVDD003 - 6 m @ 8.39% Cu, 3.52% Zn, 30 g/t Ag, 0.14% Co, 3.1 g/t Au from 49m; and
o DD Hole 20PVDD004 - 6 m @ 5.63% Cu, 3.89% Zn, 22 g/t Ag, 0.1% Co, 1.4 g/t Au from 28 m (located 30 m SE of 20PVDD003).
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- Third Drilling Program commenced at Perrinvale.
- Subsequent to Quarter's End, further diamond core drilling at the Schwabe Prospect has identified additional VHMS mineralisation adjacent to previous drill results, with two massive sulphide zones intercepted at shallow depth including:
o 3.5 m @ 3.4% Cu, 0.8% Zn, 0.10% Co, 368 ppm Pb, 1.1 g/t Au, 16.5 g/t Ag from 48.0 m; and
o 3.5 m @ 2.0% Cu, 1.4% Zn, 0.07% Co, 344 ppm Pb, 0.3 g/t Au, 7.4 g/t Ag from 54.5 m.
- Follow-up RC drilling at Schwabe indicates the VHMS mineralisation horizon extends both north and south of the main prospect area.
- Majority of assays pending, with results expected to be released in the coming weeks.
To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/H4YO6P04
About
Contact:
E: info@cobre.com.au
WWW: www.cobre.com.au
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