Cobra Resources PLC Exploration Drilling Update (2218A)
28 Septiembre 2020 - 01:00AM
UK Regulatory
TIDMCOBR
RNS Number : 2218A
Cobra Resources PLC
27 September 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY NEWS SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.
For immediate release
28 September 2020
Cobra Resources plc
("Cobra" or the "Company")
Drilling Commences at Wudinna
Cobra is an exploration and mining company focused on the
evaluation of the Wudinna Gold Project. With 6 tenements covering
1,928km(2) , Wudinna is located in the prime Central Gawler Craton
Province ("CGC") of South Australia.
Key Highlights
-- Hagstrom Drilling arrived on site at Wudinna on the 23(rd) September 2020
-- Drilling commenced on Saturday 26(th) September, with a small delay due to rain.
-- Results will be announced to the market once they have been
received from the laboratory and QA/QC checks have been
completed.
In Detail:
Drilling Commences
The previously announced the Programme 1 drilling programme has
commenced at the greater Baggy Green area today on schedule. The
first hole will be drilled at Baggy Green. This first programme
will include 25 holes for a planned total of 3,750m.
We plan to update the market on drilling progress with
significant assay results to be announced once the assays have been
validated. Assay labs are currently experiencing high demand with
turn time expected to be between 3 to 5 weeks. We will update the
market as those results become available.
Craig Moulton, Director of Cobra commented:
"After a significant period of target definition across a number
of areas I am pleased to advise shareholders we have commenced
drill testing the resultant anomalies. We look forward to
announcing significant results as soon as they are available"
The person who arranged for the release of this announcement was
Craig Moulton, Managing Director of the Company
End
Enquiries:
Craig Moulton +61 (0) 893164938
Cobra Resources plc Daniel Maling (UK) +44 (0) 758 003 2520
SI Capital Limited Nick Emerson
(Joint Broker) Sam Lomanto +44 (0) 14 8341 3500
-------------------- ------------------------
Peterhouse Capital Limited Duncan Vasey
(Joint Broker) Lucy Williams +44 (0) 20 7469 0932
-------------------- ------------------------
Notes:
Cobra's Wudinna Gold Project is located in the Gawler Craton is
home to some of the largest IOCG discoveries in Australia including
Olympic Dam, as well as Prominent Hill and Carrapateena. Cobra's
Wudinna tenements contain extensive orogenic gold mineralisation
and are characterised by potentially open-pitable, high grade gold
intersections, with ready access to nearby infrastructure, as well
as 4 potential IOCG targets.
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END
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September 28, 2020 02:00 ET (06:00 GMT)
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