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Australia Investing
Cohiba Minerals Accelerates Exploration after BHP Discovery
Nov. 28, 2018 10:27AM PST
Cohiba has said it will target an IOCG trend following the recent BHP discovery of a very significant intersection of copper-gold mineralization in an adjoining tenement.
Cohiba Minerals(ASX:CHK) has announced that it will immediately accelerate its exploration program on its Olympic Domain project following the discovery announced by BHP Billiton( ASX:BHP) on their adjacent exploration licence.
Cohiba CEO Mordechai Benedikt said:
“This discovery being just 2km to the East of our ground is very exciting for Cohiba as it emphasizes the prospectively of our Olympic Domain Project. Although we couldn’t have predicted such great results… its proximity to BHP Olympic Dam and the Carrapateena mine was a main consideration why the Company pursued this transaction in the first instance.
We are convinced with BHP’s results, this will only grow stronger and strengthen CHK’s position for our shareholders. Finally, the company is in a strong financial position to commence this exciting phase of exploration of the project.”
Click here to read the full Cohiba Minerals (ASX:CHK) press release.
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Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.
Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.
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Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.
Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.
Learn about our editorial policies.