Cobre Ltd (ASX:CBE) has struck another intersection of copper mineralisation during its ongoing drill program on Kalahari Metals Ltd’s Ngami Copper Project (NCP) licences.
Based on visual estimates, confirmed with pXRF readings, the 1-kilometre step out hole has intersected a broad 69-metre zone of copper mineralisation, including a 13-metre zone of abundant chalcocite mineralisation which is centred at 310 metres down hole.
Compelling copper target
The hole was drilled to test the north-eastern strike extension of copper mineralisation intersected in the first three diamond holes of the program, as well as a historical hole, all of which had already defined a compelling copper target stretching over 3 kilometres.
The mineralisation discovered is associated with hydrothermal breccias, significant alteration and structural complexity, demonstrating that the target is open-ended and extends further north-east than previously thought. Indeed, the discovery extends the target footprint to more than 4 kilometres.
Infill drilling continues, and the company hopes to demonstrate vertical and lateral continuity in the intersected copper mineralisation.
Extended mineralisation footprint
Commenting on these new drilling results, Cobre executive chairman and managing director Martin Holland said: “We’re delighted with the results from the latest drill hole at NCP, which have significantly extended the known footprint of mineralisation over more than 4 kilometres.
“Importantly, all the results so far indicate that the target remains open-ended to the northeast and is larger than previously anticipated. The footprint of mineralisation now extends over 4 kilometres, which is in line with the largest known deposits in the Kalahari Copper Belt (KCB).
“As we continue to expand our knowledge of the mineralisation at NCP, we look forward to updating the market again as assay results become available next month, along with ongoing progress from our current infill drilling program.”
This initial drill program was designed to test the first of 57 ranked targets across KML’s extensive licence holding on the relatively unexplored northern margin of the KCB.
The company was keen to prove the occurrence of a significant strike length of copper mineralisation, to highlight the potential of this district to deliver new discoveries.