Cobra Resources PLC (LON:COBR) has revealed high-grade gold results from drilling at the Wudinna project in South Australia.
Highlight assay results from the Barns and White Tank deposits included 3.25 grams per tonne (g/t) gold over 13 metres, within which was 1 metre at up to 33.6 g/t along with 7.25 g/t silver and 1.71% copper.
Another hole encountered 8 g/t gold over 3 metres, with the peak reading of 23.1 g/t and 20 g/t silver over 1 metre.
READ: Cobra sees significant gold at Wudinna’s Baggy Green
Other holes saw grades up to 23.1 g/t gold over 1 metre – the highest silver grade was 20 g/t and the best copper grade was marked at 1.71%.
"I'm thrilled with these results,” said Cobra director Craig Moulton in a statement “Against any metric, results such as 3.25 g/t over 13m, 6.28 g/t over 5m and 8 g/t over 3m are incredibly exciting. It shows that, as we continue to methodically execute our strategy of applying sound industry-leading science, the Wudinna project continues to deliver.”
He added: “The team is now fully focused on extracting every ounce of value from these data, updating our models, and finalising our plans for the 2021 programme. We look forward to keeping the market informed as the project continues to develop."