Cobre Limited Logo

Significant New Copper Intersection At The Ngami Copper Project

First diamond drill hole intersects broad zone of copper mineralisation over a 59m interval

Cobre Limited (ASX: CBE, Cobre or Company) is pleased to announce the first intersection of significant copper mineralisation from its ongoing drill programme on KML’s NCP licenses. Based on visual estimates, confirmed with pXRF readings, drill hole NCP07 has intersected a broad zone of copper mineralisation starting from 214m and continuing for approximately 59m downhole to 273m. Mineralisation includes vein and fracture fill chrysocolla as well as fine-grained copper sulphides, which increase in abundance between 250 and 260m downhole.


Highlights:

  • Significant visual copper mineralisation intersected in first diamond drill hole NCP07 at the Ngami Copper Project (NCP) in the Kalahari Copper Belt (KCB), Botswana.
  • Mineralisation includes chrysocolla along with fine grained disseminated copper sulphides which occur over a broad 59m interval downhole with an increase in abundance in the lower 10m.
  • NCP07 was designed 1km away along strike to test the extent of anomalous chalcocite mineralisation intersected in historical hole TRDH14-16a (2m @ 1.8% Cu and 8 g/t Ag), proving that mineralisation increases and thickens out significantly along strike.
  • Intersections at NCP07 and TRDH14-16a are considered anomalous for the KCB, typical of intersections on the margins of copper deposits.
  • Promising drill results highlight the district scale opportunity which includes 57 priority targets across KML’s extensive license holding on the northern margin of the KCB.
  • Second diamond hole currently in progress - positioned a further 1km step out along strike.


Commenting on initial drilling results, Cobre Executive Chairman and Managing Director, Martin Holland, said:

“This new copper discovery represents a transformational moment for Cobre Shareholders. Cobre has neverbeeninabetterpositionfromaprojectownership,technicalandoperationperspectiveandnow we have a promising copper intersection, on one of the most prospective Copper belts in the world. This result, 1km away from the previous historic hole, shows the current mineralisation thickensover a 1km zone to date. The intersection of significant copper mineralisation in our diamond drilling campaign is testament to the high-calibre technical and operational expertise of our team in Botswana- led by Kalahari Metals Limited (KML’s) newly appointed CEO, Adam Wooldridge. Our African exploration team has done a fantastic job getting the program underway, delivering positive results which have so far exceeded project expectations.

Wehaveprioritisedthisportionofthebeltduetoitsfavourablegeologicalsetting.Theseresults,which confirm the presence of significant copper mineralisation, validate the district scale opportunity of Cobre’s, soon to be 100%-owned, extensive license package within the Kalahari Copper Belt. With diamond drilling ongoing in Botswana, we anticipate ongoing exploration updates to follow and look forward to updating our shareholders in duecourse”.


Click here for the full ASX Release

This article includes content from Cobre Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Impact Minerals

Burrendong Minerals Limited IPO

Impact Minerals Limited (ASX:IPT) is pleased to announce that the Prospectus for an Initial Public Offering of Burrendong Minerals Limited (proposed ASX code: BIG) is now available at the following page on Impact’s InvestorHub:

https://impactminerals.com.au/burrendong-priority-offer and at https://www.burrendongminerals.com.au/

Keep reading...Show less
Vancouver with a push pin on map.

British Columbia Creates New Ministries for Energy and Mining

British Columbia (BC) has introduced two new ministries designed to focus on advancing its goals for clean energy and critical mineral development.

Premier David Eby announced on November 18 the restructuring of the former Ministry of Energy, Mines, and Low Carbon Innovation, which will now be split into the Ministry of Energy and Climate Solutions and the Ministry of Mining and Critical Minerals.

The changes reflect the province's commitment to addressing climate change and seizing opportunities in critical mineral production to support the global energy transition.

Keep reading...Show less
Many small beige wooden figures stand surrounding one red figure laying on its side.

Rio Tinto's Ongoing Fight Against Workplace Harassment

Rio Tinto's (ASX:RIO,NYSE:RIO,LSE:RIO) latest review on workplace culture has revealed an increase in reports of harassment and bullying across its global operations, highlighting challenges in the company’s ongoing efforts to implement cultural reforms.

The findings of the 2024 Everyday Respect report, part of a two-year external Progress Review led by former Australian Sex Discrimination Commissioner Elizabeth Broderick following the first Everyday Respect Report, draw attention to the broader complexities of achieving cultural change in a diverse and global organization.

The review incorporated extensive feedback, with over 11,600 contributions from employees and contractors globally. Broderick's team conducted surveys, listening sessions and site visits across Rio Tinto’s operations in countries such as Mongolia, Canada, the United States, New Zealand and Australia.

Keep reading...Show less
Impact Minerals

Impact Receives $512,000 from Research and Development Rebate

Impact Minerals Limited (ASX:IPT) is pleased to announce that it has received a rebate of $512,000 before costs from the Research and Development Tax Incentive scheme for the financial year ending June 2024.

Keep reading...Show less
Rimfire Pacific Mining Limited

Bald Hill Confirmed as a High-Grade Cobalt Opportunity

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that all remaining drill assays have now been received for a step out diamond drilling program completed during the September 2024 Quarter at the 100% - owned Bald Hill Cobalt Copper Prospect which is located approximately 30 kilometres west of Broken Hill, NSW (Figure 1).

Keep reading...Show less

Latest Press Releases

Related News

×