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Save to read list Published by Jessica Casey , Assistant Editor Global Mining Review, Tuesday, 16 August 2022 14:00
Cobra, a gold, iron oxide copper-gold (IOCG), and rare earth exploration company focused on the Wudinna Project in South Australia, has announced results from 29 holes that were drilled as part of an extensive 91-hole, 4000 m aircore drilling programme in June 2022 designed to inform and de-risk deeper reverse circulation (RC) drilling later this year.
The results received to date from 29 shallow holes drilled at the Clarke prospect are exceptional for both gold and rare earths and confirm:
Rupert Verco, CEO of Cobra, commented: “These results confirm along-strike continuity of gold and rare earth mineralisation at the Clarke prospect. Some of the widths and grades intersected at such shallow depths are extremely exciting and should have positive implications on grades at depth when we return with the RC rig. Whilst we eagerly await further assays, the results from Clarke enable us to refine our geological models and improve the precision of our planned RC drilling campaign.
“Over a six-month period, we have unveiled an exceptional value-add opportunity with rare earth mineralisation that is not only complementary to gold mineralisation, but regionally scalable. Whilst there remains further metallurgical test work to improve recoveries to be undertaken, the vertically associated nature of mineralisation at Clarke and Baggy Green supports favourable mining economics, whilst the growing regional occurrence across our 3261 km2 land holding places Cobra in a position to define a potentially extensive clay-hosted rare earth resource enabling us to capitalise on the global demand for critical rare earth minerals and to contribute to decarbonisation.
“We look forward to updating the market as further results are received and we complete our preparations for our highly anticipated RC programme.”
Read the article online at: https://www.globalminingreview.com/exploration-development/16082022/cobra-resources-provides-wudinna-project-update/
Bastion Minerals Ltd has provided an update on its scout drilling programme at its Capote Gold Project in the Atacama Region of Chile.
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Australian mining news Copper mining news Gold mining news
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