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Cobre (ASX:CBE) crosses more copper at Ngami project in Botswana – The Market Herald

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  • Cobre (CBE) crosses copper for the third time during ongoing drill program at Kalahari Metal’s Ngami copper project in Botswana
  • The company will identify visible mineralization in the program’s third hole, consisting of malachite, chrysocolla and chalcosite.
  • In addition, portable X-ray fluorescence (pXRF) measurements helped confirm copper mineralization from 109 meters to 15 meters.
  • Findings extend mineralization from previous drill holes in Cobre that remain open to the southwest and northeast
  • Cobre shares entered a trading halt today ahead of a planned capital raise, but last traded at 18 cents on Aug. 2.

The Junior probe Cobre (CBE) has achieved its third copper crossing in its ongoing drilling program. Kalahari Metals Ngami Copper Project in Botswana.

The company identified visible mineralization consisting of malachite, chrysocolla and chalcosite at the program’s third diamond hole.

In addition, portable X-ray fluorescence (pXRF) measurements helped confirm copper mineralization from 109 meters to 15 meters.

Cobre executive chairman and managing director Martin Holland said the drill hole further demonstrates the strike length of intersecting copper mineralization at this “exciting” target.

“The mineralization footprint, which now stretches over three kilometers, is very consistent with known deposits in the Kalahari Copper Belt,” Holland said.

The findings extend mineralization from previous drill holes in Cobre that remain open to the southwest and northeast.

The pit is still in progress after intersecting with even smaller copper mineralizations.

Today’s findings came as part of Cobre’s broader drill program with projects designed to test 57 ranked targets in the region.

Cobre’s shares entered a trading halt today ahead of a planned capital raise, but last traded at 18 cents on Aug. 2.



Cobre (ASX:CBE) crosses more copper at Ngami project in Botswana – The Market Herald

Source link Cobre (ASX:CBE) crosses more copper at Ngami project in Botswana – The Market Herald

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