Cobre Montana drills encouraging results in Chile

THE DRILL SERGEANT: Cobre Montana (ASX: CXB) has received encouraging results from a 12 hole diamond core drilling project completed at the company’s Mantos Grandes project in central Chile.

 

Mantos Grandes summary drill hole intersection plan. Source: Company announcement

 

Eight of the holes were drilled to investigate copper and gold mineralisation the company had identified adjacent to historic underground workings at Mantos Grandes.

Cobre Montana said the drilling at the historic workings at Mantos Grandes had confirmed broad zones of gold and copper mineralisation with results including”

9.2 metres at 0.83 grams per tonne gold and 0.29 per cent copper.

Another three holes were designed to test extensions at La Demonia to high-grade copper (chalcocite) and gold mineralisation that had been observed in adits.

High-grade gold intercepts encountered at La Demonia returned:

2m at 6.88g/t gold.

At Agua del Minero, a sub-vertical, east-west trending fault was investigated with a single drill hole, which intersected mineralisation at a down hole depth of 58m.

Anomalous assays were recorded over a one metre zone of 0.04g/t gold, 0.2 per cent copper, and 3g/t silver.

“The results indicate significant mineralisation remains above the areas of historic mining at Mantos Grandes and that there is good potential for further high-grade gold mineralisation at La Demonia,” Cobre Montana managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“Drilling has clearly demonstrated the continuity of the Agua del Minero feeder structure providing future targets in that area.

“These results, together with previously announced surface sampling on strike extensions of the orebodies, demonstrate a high probability of future success.”

Email: info@cobremontana.com.au

Website: www.cobremontana.com.au