Cobra, a gold exploration and mining company focused on the Wudinna Gold Project in South Australia, has announced significant high-grade gold intercepts at the Clarke deposit, including 5.2 g/t gold over a 15 m intersection. These results are associated with the three reverse circulation (RC) holes (totalling 409 m) which were drilled at the Clarke deposit and are included in the initial assay results to be returned from the company’s recent drilling programme.
The Clarke deposit is located approximately 1.75 km north of the current Baggy Green resource and this mineralisation is not yet included in the current Wudinna Project JORC resource base. The three holes were drilled approximately 60 m north of the existing mineralisation at Clarke to test and define the continuity and orientation of the mineralisation.
Significant gold intercepts (greater than 1g/t) at Clarke include:
- Hole CBRC009: 31 m at 3.06 g/t from 69 m including 4 m at 3.18 g/t, 1 m at 1.21 g/t and 15 m at 5.25 g/t.
- Hole CBRC008: 2 m at 1.4 g/t from 34 m.
- Hole CBRC008: 15 m at 1.4 g/t from 43 m including 4 m at 4.19 g/t.
- Hole CBRC008: 1 m at 1.17 g/t from 63 m.
- Hole CBRC008: 4 m at 1.33 g/t from 80 m including 1 m at 2.49 g/t.
- Hole CBRC007: 4 m at 1.06 g/t from 63 m including 1 m at 2.91 g/t.
- Hole CBRC007: 4 m at 2.34 g/t from 76 m including 1 m at 6.43 g/t.
The Clarke deposit assay results represent approximately 20% of the total assay results awaited from the programme. The company continues to await assay results from drilling at the Baggy Green, Baggy Green North, Barns and White Tank deposits which are now expected to be received between late December 2020 and early January 2021.
Craig Moulton, Director of Cobra, commented: “Given we still have 80% of the assay results still to come, we are very excited about these initial high-grade intersections at Clarke which have positive indications for the future of the Wudinna Project. The substantial 31 m intersection has been intersected north of mineralisation previously drilled at Clarke. It is apparent that extensions down dip and along strike from this intersection represent a high priority target for a future drilling programme.
“It is important to remember that there are currently no resources estimated for Clarke and so we now have the potential for a new resource zone some 1.75 km north of that existing at Baggy Green.”
Read the article online at: https://www.globalminingreview.com/exploration-development/04122020/cobra-resources-announces-clarke-gold-assay-results/
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