Kobrea Exploration (CSE:KBX) is planning to drill as much as possible before the wet season sets in at the El Perdido Project in Argentina.
An initial three diamond holes have been drilled for 500m each, with the aim to qualify the porphyry system at the project.
All core samples from the first drill hole have been shipped to Alex Stewart International’s laboratory in Mendoza City. The company is awaiting analytical results.
Kobrea says drill hole DD26ELP004 had a target depth of 600m but was abandoned at a depth of 200m due to technical complications related to unstable rock conditions associated with a significant fault zone.
Vice President of Exploration Rory Ritchie says the presence of chalcocite, as observed in hole DD26ELP004, confirms the presence of a chalcocite enrichment zone preserved at El Perdido.
“We are confident we will observe chalcocite in other areas, beneath the leached capping, enriching hypogene sulphide mineralisation beneath,” Ritchie says.
Further, the company has engaged Major Drilling Argentina to finish the 2026 drill program. Major Drilling began to drill the fifth hole on 1 April to complete the original objective of the fourth hole that was abandoned.
The crew onsite has also begun the construction of a third drill pad which will facilitate additional drilling, providing the ability to test the southwestern portion of the El Perdido porphyry system.
The El Perdido system sits within the Western Malargüe Copper Project which covers 73,334 hectares. The project lies within the Neogene Porphyry Belt — a metallogenic belt that straddles the border between central Chile and Argentina.
Kobrea Exploration is a mineral explorer and developer focused on acquiring and exploring for base metal projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Kobrea Exploration
