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Wednesday 26 June 2024

Cobre Limited (ASX:CBE): Commences diamond drilling in Botswana

Cobre Limited (ASX: CBE) has announced the commencement of a diamond drilling programme at its wholly owned Okavango Copper Project, Kalahari Copper Belt, Botswana. The initial 2,000m programme has been designed to test for copper-silver mineralisation. 

Highlights 

  • Given the strategic value of the Okavango Copper Project, situated along strike from MMG’s recent US$1.9B Khoemacau Copper mine and exploration tenement acquisition, successful drill testing of anomalous copper-silver mineralisation will provide significant uplift of the project value
  • The programme is scheduled to run for the next two months with results reported to the market on receipt of assays

Commentary 

Adam Wooldridge, Cobre’s Chief Executive Officer, said: “We’re excited to be drilling at the Okavango Copper Project again. The geology on this project has always been compelling and its location has become that much more strategic with MMG entering the KCB. The objective of the current programme will be to prove that anomalous copper-silver mineralisation continues into the Okavango Copper Project demonstrating potential for new discoveries in proximity to the Zone 5 production hub.”

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