Cohiba Minerals Limited announced that drilling has recommenced at the Horse Well Prospect with drill hole HWDD06 underway. The Horse Well Prospect is immediately adjacent to BHP's advanced exploration play at Oak Dam West which has reported significant intersections such as AD-23 with 425.7m at 3.04% Cu, 0.59 g/t Au, 346 ppm U and 6.03 g/t Ag from 1,063m including 180m @ 6.07% Cu, 0.92 g/t Au, 401 ppm U and 12.77 g/t Ag from 1,070m. Cohiba has received regulatory and landholder approval for up to 12 drill holes at the Horse Well Prospect and is targeting coincident gravity and magnetic anomalies, but with a focus on some of the subtler gravity responses where technical reviews of previous drilling have suggested a possible masking of the target areas due to more complex geology than that seen at Oak Dam West.

HWDD06 is designed to drill across one such residual gravity feature, leveraging insights gained from nearby drill hole COHWDD03 that this area exhibits strong haematite and sericite alteration in the host granite (Donington Granite) which also hosts the Oak Dam and Carrapateena deposits. Haematite and sericite alteration associated with strong brecciation fabrics and persistent low-level copper mineralisation in a number of the Horse Well drill holes are clear signs of the potential for IOCG mineralisation. The current plan is to commence HWDD06 has commenced at a dip of 70° and the current plan is to progressively shallow the hole to a final dip of 60° to gain a better cross-sectional result.

It is expected that the basement will be encountered at a downhole depth of 990m.