ASX-listed Cohiba Minerals (ASX:CHK) has submitted 51 additional samples for assay following a detailed geological re-logging of the drill core from its Horse Well Project in South Australia.
The company reports the additional samples were taken from several intervals, including 1,038m to 1,040m, 1,048m to 1,054m, and 1,078m to 1,080m.
Cohiba says the analytical results for drillhole HWDD03 were completed by ALS Laboratories and have been assessed by the company and its technical consultants.
Commenting on the recent activities, Cohiba Minerals Chief Executive Officer (CEO) Andrew Graham says: “Following on from detailed re-logging of all of the drill core from HWDD03, it was decided that some additional intervals would be assayed where disseminated or blebby pyrite + chalcopyrite were visually identified.
“this area has already shown that it contains a number of components which are highly supportive of proximity to an IOCG system”
The assays did not reveal any anomalous metal values, but this area has already shown that it contains a number of components which are highly supportive of proximity to an IOCG system and, as such, will continue to be a priority for future exploration.”
Cohiba says the disseminated copper mineralisation, such as chalcopyrite, is rarely observed in the Olympic Domain outside of the IOCG mineralisation, and at Horse Well tenements has nearly always been accompanied by brecciation and evidence for IOCG preparation.
Alongside its exploration work, Cohiba Minerals’ primary focus is on investing in the resource sector through direct tenement acquisitions, joint ventures, farm-in arrangements, and new project generation.
Write to Aaliyah Rogan at Mining.com.au
Images: Cohiba Minerals Ltd
