Cobre has reported significant findings from a recent 1,920-meter diamond drilling program at the Okavango Copper Project in Botswana. The company, with a market capitalization of $16.88 million, discovered anomalous copper-silver mineralization in three of the six drillholes, specifically OCP07, OCP09, and OCP10.
These drillholes intersected mineralization that differs notably from the established background in the Okavango area. The findings include vein-hosted bornite, chalcopyrite and chalcocite, suggesting proximity to potentially higher-grade mineral zones. This discovery supports the potential for further economic mineralization within the project area.
CEO Adam Wooldridge highlighted the project’s prospectivity, noting that the drilling results and ground gravity survey have provided clear targets for follow-up exploration. The survey revealed intra-basin highs and structurally bounded sub-basins, which could indicate favorable conditions for deposit formation, similar to those found in the nearby Zone 5 area.
Wooldridge expressed optimism about the presence of vein-hosted bornite mineralization, which is generally a positive indicator of proximity to KCB (Kalahari Copper Belt) deposits. The Okavango Project, covering 1,363 square kilometers, is located in the Kalahari Copper Belt, a region renowned for its potential for new sedimentary copper discoveries. Cobre remains focused on exploring and developing this promising area.
