First Deep Hole Intersects High-Grade Copper Mineralisation

Key points

• First deep diamond hole intersects high-grade copper mineralization
• 3.57m interval of 4% chalcopyrite and 2% pyrite
• Further 0.60m interval with 6% chalcopyrite and 3% pyrite
• Ongoing drilling program to expand mineral resources

Full summary

Cobre Ltd (ASX: CBE) has successfully completed its first deep diamond hole at the Sierra Atacama Project in Chile, intersecting significant copper mineralization. The hole, SA_CBR_DD001, drilled to a depth of 986.9m, intersected a 3.57m interval of chalcopyrite-pyrite mineralization with estimated abundances of 4% chalcopyrite and 2% pyrite. Additionally, a 0.60m interval was logged with estimated abundances of 6% chalcopyrite and 3% pyrite. The results confirm the continuation of mineralization at depth and the potential for significant mineral resources.