Cohiba Minerals Limited announced the details for its next planned drillhole, HWDD07, for the exploration drilling program at its Horse Well Project in South Australia. The identification of the Bluebush Fault as a high value exploration target is part of the Cohiba strategy in the continual enhancement of the prospectivity of the Horse Well Project area. Geophysical surveys were conducted to generate targets in these tenements immediately adjacent to BHP's Oak Dam West deposit.

Early-stage drilling of geophysical targets has resulted in the discovery of significant and persistent copper anomalism at Horse Well, confirming the location does have potential for a substantial copper deposit. A marked variability in copper and gold mineralisation, such as that found between adjacent holes HWDD04, HWDD05, and HWDD05W1 confirms that persistence is required in exploration, indeed parts of IOCG deposits are known to have a knife-edge boundary between barren and ore grade material. Ongoing review of previous and current drilling is further refining the scope of these targets to increase the probability of making a significant discovery.