Cobre Limited announced that its third drilling program has now commenced at the 100% owned Perrinvale Volcanic-Hosted Massive Sulphide (VHMS) Project located in Western Australia. The company has budgeted for a combined 6,000m of Diamond Core (DC) and Reverse Circulation (RC) drilling as part of this program. This is Cobre's third drill program at Perrinvale, and will include further holes at the Schwabe, Zinco Lago and Zinco Rame prospects, plus the first drill testing of several other VHMS targets in the area. Drilling and surface sampling over the last 18 months have confirmed the VHMS prospectivity of the Panhandle Greenstone Belt within the Perrinvale Project. Recent down-hole and ground-based ElectroMagnetic (EM) surveys have further defined conductive targets. The known base & precious metal prospects at Schwabe, Zinco Lago, Zinco Rame and Lago Rame will all be progressed with a mix of RC and DC holes as part of this campaign. The Company has also completed field investigations and EM surveys in adjacent areas which have identified new VHMS prospects at Piega del West, Costa del Islas, and Ponchiera North within the Perrinvale Project. These target areas, along with an initial drill test of the anticlinal structure at the Ponchiera Copper Prospect, will be tested via RC drilling. With high-grade VHMS mineralisation confirmed at the Schwabe Prospect earlier this year, and the recent arrival of the DC rig onsite, the Company is using this opportunity to generate a sample for sighter metallurgical test work. The drill rig has commenced a HQ diamond core hole at Schwabe, with the aim of generating an ore sample which can be assessed for its suitability for sorting, leaching and flotation processing. Results of the metallurgical testing are expected to be received progressively over an eight-week period from delivery of the ore sample to the laboratory. Many of the VHMS targets within the Perrinvale Project have never been drilled, accordingly, Cobre's technical team is taking a staged approach to this third exploration program. Approximately 2,000m of RC drilling and 1,600m of DC drilling has been allocated to date (60% of the 6,000m total). This allows for any positive assay results to be immediately followed up with additional exploration drilling.