Cohiba Minerals (ASX:CHK) reports ‘significant’ zinc-lead-silver assays following diamond drilling activities at its Pernatty C Project in South Australia.
The results, generated by two diamond drill holes co-funded by the Department for Energy and Mining of South Australia, successfully tested the Tapley Hill Formation for Zambian Copper Belt (ZCB) sediment hosted mineralisation.
The best intersections include:
- 95m @ 2.2% Zn from 735.2m
- 8m @ 8.6% Zn, 1.9% Pb and 40.1 g/t Ag from 865m
- 3m @ 5.9% Zn from 876.5m
The company also notes that it intends to develop an exploration model that demonstrates the economic viability and feasibility of the project, with additional drilling planned to support this discovery.
In addition, given the strong metal grades, an increase in vein stockwork intensity and continuity over thickness and strike length, Cohiba reports that these attributing factors are sufficient to create a ‘significant’ deposit, proving the potential of the drilling location.
Cohiba intends to develop an exploration model demonstrating potential economic viability and feasibility
Cohiba intends to develop an exploration model demonstrating potential economic viability and feasibility to successfully exploit this discovery with additional drilling.
The Pernatty C Project is located about 40km south of Oz Mineral’s (ASX:OZL) Carrapateena ICOG copper mine, 13km southeast of the historic Mt Gunson copper mine and 24km north-west of the Punt Hill copper skarn area in South Australia.
The project makes up part of the company’s copper, gold, gypsum, zinc, lead, silver mineral portfolio that stretches across Queensland, Western Australia and South Australia.
Images: Cohiba Minerals Ltd
