Cohiba Minerals Limited announced significant copper, gold and silver intersections from the Bluebush Fault at the Horse Well project. Significant Cu-Au-Ag intersections returned for HWDD07, extending Bluebush Fault strike length to 500m. Low level copper, gold and silver mineralisation encountered in upper and lower Bluebush Fault, including: 14m @ 0.19% Cu & 0.21ppm Au & 2.16ppm Ag from 1147-1161m Vein hosted mineralization throughout the hole including intersections of: 15m @ 0.16% Cu & 0.21ppm Au & 1.2ppm Ag from 1011-1026m, 1.5m @ 1.81% Cu & 0.46ppm Au & 3.19ppm Ag from 1100.5-1102m, 1.1m @ 2.72% Cu & 0.54ppm Au & 4.51ppm Ag from 1375-1376.1m and 1.1m @ 1.9% Cu & 0.28ppm Au & 7.06ppm Ag from 1379.65-1380.75m.

HWDD07 confirms the Bluebush Fault as a mineralised structure requiring further investigation. Cohiba anticipates that the Bluebush Fault extends 2-4 kilometre strike length with potential mineralisation anywhere along this length. HWDD07 was drilled at Horse Well prospect during the period 29 July 2022 ­ 3 September 2022, with basement being reached at 930.35m down hole and completion depth of 1519m.

The target was the south extension of the Bluebush Fault, which had been previously identified in drillholes HWDD04, HWDD05 and HWDD05W1. The specific aims of the hole were to gain more confidence in the exact orientation of the fault, which was successfully intersected in HWDD07, and to test the strike extension to the south in a region of magnetic low. In the hanging wall of the Bluebush Fault, quartz-grey hematite-chalcopyrite-pyrite veins were commonly encountered.

Hematite replaces the niche of magnetite, indicating a relative increase in oxidation. The indicated orientation of Bluebush Fault is of strike 0-20° and dip of 60-70° to the west. The upper Bluebush Fault (1141.8-1167.2) was strongly altered to red feldspars accompanied by minor actinolite, and moderate mineralisation in the form of quartz-siderite-chalcopyrite-pyrite veining.

14m @ 0.19% Cu & 0.21ppm Au & 2.16ppm Ag from 1147-1161m. The lower Bluebush Fault (1218.1-1220.4m) comprised of a breccia with siderite matrix containing trace chalcopyrite-pyrite. 1m @ 0.63% Cu & 0.19ppm Au & 1.2ppm Ag from 1240-1241m.

Quartz-siderite and quartz-hematite±magnetite veins associated with chalcopyrite and pyrite occur sporadically to the bottom of hole. Immediately below the basement contact at 930m (downhole) remobilization and enrichment of silver and gold occurred in the paleo-weathering horizon when the basement was exposed and eroding prior to the deposition of the Pandurra formation ~1.5 billion years ago and subsequently, along this contact. Similar enrichment is also observed in HWDD04, HWDD05 (only partially assayed) and HWDD05W1.

Copper is generally depleted in this zone although may be re-deposited at the base in the mineral bornite. HWDD04 Pandurra basal conglomerate at basement contact: 1.1m @ 0.02% Cu & 4.79ppm Au & 3.51ppm Ag from 948.21-949.31m, HWDD05 immediately below basement contact in weathered granite: 2m @ 0.01% Cu & 5.2ppm Au & 1.05ppm Ag from 928m, HWDD05W1 in weathered granite and oxidised veins 50m @ 0.29% Cu & 0.3ppm Au & 2.11ppm Ag from 956-1006m. HWDD07 in weathered schist, diorite and granite, with bornite at the base of paleo-weathering 17.15m @ 0.22% Cu & 0.1ppm Au & 2.69ppm Ag from 969.85-987m.