📉 Nikkei is down nearly 5% -> here are 43 recession-proof Japanese stocks from our screenerUnlock Now

Cobre kicks off soil sampling with aircore drilling imminent targeting copper-silver at Kitlanya West in Botswana

Published 28/03/2023, 11:02 am

Cobre Ltd (ASX:CBE) has begun further soil sampling and preparations for the upcoming 10,000-metre aircore program at its Kitlanya West (KITW) Project on the northern margin of the Kalahari Copper Belt (KCB) in Botswana.

The company had identified several multi-element geochemical anomalies potentially related to copper-silver mineralisation associated with fold limbs and hinge zones at KITW in 2022.

Subsequently, a second phase of soil sampling consisting of 8,600 samples designed to test the lateral extent of existing anomalies is now in progress with results expected by mid-year.

What’s more, the aircore drill rig has arrived in Africa and access clearing is underway in preparation for the program to start in April.

Emerging copper district

Cobre CEO Adam Wooldridge said: “Kitlanya West has all the characteristic geological markers for hosting undiscovered KCB copper-silver deposits.

“The mineral potential of the project is further supported by its potential for a variety of target types including traditional limb, fold-hinge and doubly-plunging fold trap sites.

“Adding several compelling soil geochemistry anomalies into the mix adds further weight to the project’s potential.

“The relatively thin Kalahari cover also simplifies soil geochemistry and provides an ideal environment for aircore drilling which collectively provides a cost-effective means for testing multiple targets across the licence area.

“Results from this next phase of work will go a long way to opening this emerging copper district.”

Work program

Cobre has designed a large-scale aircore drilling program to test the base of the Kalahari cover/top of bedrock in several priority areas at KITW

This will provide valuable information on the position and potential copper enrichment of the important Ngwako-Pan/D’Kar Formation redox contact and overlying stratigraphy.

At Ngami Copper Project (NCP), the ongoing 5,000-metre diamond drilling program is expected to be completed at the end of April with assay results due a few weeks thereafter.

In addition to evaluating several new targets, this program has been able to demonstrate that a combination of detailed ground gravity, partial leach geochemistry and geochemical vectors from drilling can be used successfully to identify higher-grade portions of targets.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.