Cobre Limited (ASX: CBE) has received a positive first batch of assay results from its ongoing drill programme on Kalahari Metals Limited’s (KML) NCP licenses in Botswana.
Assay results corroborate visual estimates of anomalous copper mineralisation, with hole NCP08 proving the potential for economic concentrations of mineralisation.
Furthermore, results broadly match typical grade vs intersection-widths from other economic deposits in the KCB which are typically biased to structurally controlled, high-grade intersections in a broader zone of moderate grades.
The ongoing 500m infill drill programme has now completed drill holes NCP13 and NCP14- both of which have intersected notable copper mineralisation at the expected target depth confirming the lateral continuity of anomalous copper results which extend over >4km strike.
Highlights:
• Assay results from the first three drill holes at the Ngami Copper Project (NCP) in the Kalahari Copper Belt (KCB), Botswana, have returned highly encouraging copper results.
• The thickness and grade of mineralisation intersected in drill hole NCP08 demonstrates the potential for economic concentrations of copper within the target:
o 10.7m @ 1.3% Cu and 18 g/t Ag (1.5% Cueq1) from 136.2m to 146.9m downhole including: 4.4m @ 2.0% Cu and 25 g/t Ag (2.2% Cueq) or 1.0m @ 5.3% Cu and 39 g/t Ag (5.6% Cueq).
• Furthermore, intersections at both NCP07 and NCP09, along with historical drill hole TRD14-16a, all fall into the average grade vs intersection-width distribution expected in economic deposits in the KCB.
“We’re delighted to release the first batch of assay results which corroborate the visual estimates of anomalous copper mineralisation and the exciting district scale potential of this portion of the KCB,” Executive Chairman and Managing Director, Martin Holland, said.
“These results add weight to our conviction that this area is potentially host to one of the next big copper districts, and provides further validation for our current exploration methodology.
“The programme has now been significantly expanded as we start drilling for further high-grade zones within a broad footprint to include new targets in this emerging district.”
The drill programme will now focus on completing the 500m spaced lateral coverage along the target and extending the target footprint to the northeast. A second rig will begin concurrently testing high- grade portions of the target.
This phase of drilling will include eight additional diamond drill holes totalling approximately 2400m, and is expected to be completed by the end of October 2022.
In addition to the above-mentioned work programme, further drill testing of targets in the remainder of project area will commence when partial leach low detection limit assays are completed on circa 5,000 soil samples.
For further information please visit: https://www.cobre.com.au/
