ASX-listed company Cohiba Minerals (ASX:CHK) reports it has intercepted ‘significant’ additional zinc (Zn) and silver (Ag) mineralisation from in-fill, follow-up assays at its Pernatty C tenement, as part of its greater Olympic Domain Copper-Gold Project in South Australia.
The follow-up assays were returned from drillhole PSDDH01, which was conducted as part of the company’s 2-drillhole diamond drilling (DD) campaign earlier this year, and confirm the presence of additional Zn and Ag mineralisation from within the drillhole.
Key intervals include: 1m at 5.28% Zn and 2.3ppm Ag from 788m, 1m at 2.78% Zn and 4.4ppm Ag from 1,082m and 0.8m at 2.13% Zn and 13.3g/t Ag from 982.4m.
The DD campaign ran from December 2021 before finishing earlier this year in March and was designed to test the Tapley Hill Formation for Zambian Copper Belt (KCB) sediment hosted mineralisation, as well as continue to drill to the Wallaroo Group basement for copper skarn or Iron Ore Copper Gold (IOCG) mineralisation.
Speaking on the results, Cohiba Minerals Chief Executive Officer (CEO) and Executive Director, Andrew Graham says: “Given this set of very encouraging results we will continue to build our understanding of the geology and structure of this area with the intention of targeting further zinc-lead-silver mineralisation through a follow up program of work.”
“Given this set of very encouraging results we will continue to build our understanding of the geology and structure of this area with the intention of targeting further zinc-lead-silver mineralisation…”
However, the company also notes that the original target of high temperature chalcopyrite vein and IOCG related alteration and/or mineralisation was not encountered, but this identified ‘significant’ mineralisation and assay results were obtained from low temperature calcite-sphalerite veins with zinc-silver-lead association.
In addition, Cohiba reports that it is continuing to to develop an exploration model for the Pernatty C tenement with the goal of conducting additional drilling in the future.
Cohiba Minerals is an ASX-listed company that is focused on investing in the resource sector through direct tenement acquisition, joint ventures, farm in arrangements and new project generation. The company currently boasts a portfolio of projects that are located in South Australia, Western Australia and Queensland, however the company has a key focus on its Olympic Domain tenements situated in South Australia.
The Olympic Domain tenements are located in South Australia’s Gawler Craton and comprise about 8 exploration licences that cover a total land area of 831km-square within the Horse Well (Pernatty B), Pernatty C and Andamooka-Peninsula (Lake Torrens) areas.
With results from follow-up assays now returned, Cohiba Minerals announces it will continue to build its understanding of the geology and structure of the Pernatty C area with hopes of targeting further zinc-lead-silver mineralisation through a follow up work program.
Images: Cohiba Minerals Ltd
