Cobra Resources Plc (LSE:COBR) told investors that the drill team has mobilised to the Wudinna gold project, in South Australia, for the next phase of drilling.
A reverse circulation drill programme is planned for 2,000 metres across 14 holes at Wudinna’s Clarke prospect, before moving on to the Benaud prospect. Also a team has been mobilised for a ground gravity survey across Iron Oxide Copper Gold (IOCG) targets.
"The results of our pathfinder programme have provided several exciting targets, particularly at Clarke where we now have a defined gold anomaly of over 1km in strike,” said chief executive Rupert Verco.
“We are thrilled to have the drill bit in the ground testing this highly prospective target.
“In parallel, the detailed ground gravity survey is a critical step in advancing our IOCG targets - in a prolific IOCG region - from conceptual to drill-ready.
“Cobra is re-entering a period of intense operational activity and we look forward to providing updates as the programme progresses."