Cobre Ltd’s Promising Copper Discovery at Cosmos Target in Botswana

2 min read | December 09, 2024 01:58 PM AEDT | By Team Kalkine Media

Cobre Ltd’s Promising Copper Discovery at Cosmos Target in Botswana — Image source: Shutterstock

Promising Results from NCP56

Drill hole NCP56 intersected widespread chalcocite mineralization from 159 to 192 meters, with concentrations varying from 0.1% to 4%. The hole, located 2 kilometers along the strike from NCP55, supports the continuity of mineralization along a newly identified contact zone named the Cosmos target. This promising discovery suggests the potential for extensive copper resources in the area.

NCP56 follows previous successful drilling campaigns, including hole NCP42, which intersected 15 meters at 0.5% copper and 13 g/t silver. These results indicate that the Cosmos target could host a copper-rich system extending over 4 kilometers.

Expanding Exploration Efforts

Cobre Ltd (CBE) is conducting detailed exploration across a 7.5-kilometer contact zone, focusing on developing the Cosmos target. Early indications from visual estimates and portable X-ray fluorescence (pXRF) measurements highlight the potential for a significant resource. The exploration program aims to build on an earlier conceptual target of between 103 and 166 million tonnes at 0.38% to 0.46% copper.

The current exploration drilling will be followed by infill drilling to upgrade a portion of the resource to JORC-compliant standards. This phase will involve approximately 4,500 meters of drilling at the nearby Comet target.

Advanced Geological Insights

The drilling has revealed steeply dipping sandstones and interbedded siltstones in the lower D’Kar Formation, along with oxidized footwall sandstones of the Ngwako Pan Formation. Copper mineralization in NCP56 is dominated by fine-grained chalcocite, hosted in fractures and cleavage planes. This style of mineralization, amenable to acid leaching, presents significant opportunities for efficient extraction.

Cobre Ltd (CBE) continues to explore the potential of the Ngami Copper Project with a focus on scalability, drawing comparisons to deposits like Taseko Mines’ Florence Copper Deposit and Copper Fox’s Van Dyke Deposit. With further assay results expected in early 2025, the project is poised to advance its position in the global copper market.

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