Cobre uncovers high-grade copper, zinc, silver system at Perrinvale
Smallcaps - Cobre (ASX: CBE) has uncovered what it claims is a high-grade mineral system comprising copper, zinc, gold and silver at its Perrinvale project in Western Australia.
Diamond drilling at the Schwabe prospect unearthed 6m at 8.39% copper, 3.52% zinc, 30 grams per tonne silver, 0.14% cobalt and 3.1g/t gold from 49m; 6m at 5.63% copper, 3.89% zinc, 22g/t silver, 0.1% cobalt and 1.4g/t gold from 28m; and 4m at 2.76% copper, 0.97% zinc, 12g/t silver, and 1.7g/t gold from 79m.
Following the drilling program at Schwabe, which comprised four holes, Cobre carried out down hole electromagnetic surveys at the prospect.
The results from these were found to align with the company’s model it had created following an airborne electromagnetic survey last year.
Cobre claims the analysis indicates the presence of a “robust and highly conductive” central zone within the existing Schwabe drill area, with potential for a lower conductivity zone outside of current exploration.