Africa-Press – Botswana. Cobre (CBE) has begun the first stage of its infill diamond drilling program at the Ngami copper project in Botswana.
The program will take place in two stages with the first phase comprising 2400 metres of diamond drilling to infill existing one-kilometre-spaced intersections, along with step out holes to confirm the vertical continuity of mineralisation.
The second phase will be a 250-metre spaced infill diamond drilling, for another 4800 metres, and is expected to be completed by the end of this year.
The company said a fourth, one-kilometre diamond step out hole is currently in progress.
Cobre recently established significant concentrations of copper mineralisation at the Ngami project and is now focused on testing the extent and continuity of mineralisation.
Executive Chairman and Managing Director Martin Holland said it’s a “very exciting period” and a significant opportunity for the company to unlock a new deposit and a new copper district.
“We are very proud of this new potential copper discovery, which was masterfully engineered by the Cobre technical team.
“The targeted strike length at NCP is comparable to some of the largest copper deposits in the Kalahari Copper Belt.”
Drill core samples of mineralised intersections from completed drill holes NCP07, NCP08 and NCP09 have been prepared and will be sent for assaying, with results expected in September.
Cobre also commissioned a 7000-sample soil program which is covering targets across the Kitlanya West licences. This program is scheduled to commence in late August.
Shares in Cobre were trading 10.8 per cent lower at 16.5 cents as of 11:38 am AEST.
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