Cobre Limited (ASX: $CBE) announces commencement of diamond drilling programme

Cobre Limited (ASX: $CBE) has commenced a diamond drilling programme at its Okavango Copper Project (OCP) in Botswana. The initial 2,000m programme aims to test for copper-silver mineralisation along strike from MMG's Zone 5 group and Boseto group of deposits, adjacent to elevated copper intersected in an earlier 2019 drill programme, and on the margins of an interpreted basement high.

Executive Commentary on Diamond Drill Programme

We're excited to be drilling at OCP again. The geology on this project has always been compelling and its location has become that much more strategic with MMG entering the KCB. The objective of the current programme will be to prove that anomalous copper-silver mineralisation continues into OCP demonstrating potential for new discoveries in proximity to the Zone 5 production hub.

Summary of Diamond Drilling Programme at OCP

Cobre Limited (ASX: $CBE) has initiated a 2,000m diamond drilling programme at its Okavango Copper Project in Botswana. The company aims to test for copper-silver mineralisation along strike from MMG's deposits and on the margins of an interpreted basement high. The successful drill testing of anomalous copper-silver mineralisation is expected to provide significant uplift of the project value. The project is scheduled to run for the next two months with results reported to the market on receipt of assays. This phase of work forms part of the company's strategy to advance immediate targets while progressing its in-situ copper recovery development opportunity at the Ngami Copper Project and exploring for tier 1 targets as part of the 2024 BHP Xplor programme. Previous work on OCP includes high resolution magnetic, radiometric and electromagnetic geophysical surveys along with a 1,655m, 6-hole diamond drilling programme. The key objective of the current programme will be to identify areas of fluid focus such as long-lived basin bounding structures where KCB deposits are typically formed. The company is targeting analogues to the copper deposits MMG's Zone 5 development to the southwest of OCP. Cobre Limited aims to continue its exploration efforts and deliver promising results in the coming months.