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#ASX Announcements
stale
Added 3 years ago

Cohiba to commence Drilling activities & Exploration Update

Highlights:

  • Contract signed with Durock Drilling to drill an additional deep hole at Horse Well, wedging from HWDD04. Drill rig in transit from NSW.
  • Drill rig secured to undertake the drilling at Pernatty C.
  • EPEPR documentation completed for an additional 12 holes (up to 16,800m) of drilling at Horse Well.
  • Extensive mineralogical, petrological and stratigraphic investigations undertaken on Horse Well drill core by IOCG experts.
  • Pyramid Lake tenement renewal application (5 years) submitted to DMIRS WA.
  • Full Work Health and Safety (WHS) documentation completed to ensure compliance

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#ASX Announcements
stale
Added 3 years ago

High Grade Copper Intersected at Horse Well Prospect

Highlights:

  • Assay results received from latest two drill holes at Cohiba’s Horse Well Project in the prolific Gawler Craton, the world’s premier address for IOCG deposits.
  • The Gawler Craton is host to BHP’s Olympic Dam Cu-U Mine, Oz Mineral’s Cu-Au Mine and BHP’s Oak Dam West copper discovery which is directly adjacent to Cohiba’s Horse Well project.
  • Hole HWDD04 was assayed over a length of 473.6m (950 to 1,432.6m) from 950m depth and encountered persistent low-level copper throughout.
  • High grade intersections included 0.9m @ 1.85% Cu from 974m; 0.8m @ 12.15% Cu from 1033m; 0.4m @ 0.97% Cu from 1089m and 0.5m @ 2.58% Cu from 1225.5m.
  • Assay results have provided a strong incentive for Cohiba to continue its targeted exploration activities in the Horse Well area with further deep drilling programs being developed. 
  • Cohiba remains very well capitalized to pursue its exploration objectives with a cash balance of ~$7m at 31 December 2020.

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