Business
Exploration Drilling Update
Exploration Drilling Update.
About this update from Cobra Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2218A\n Cobra Resources PLC\n 27 September 2020\n \n \n \n \n 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.\n \n \n 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.\n \n \n For immediate release \n \n \n 28 September 2020\n \n \n \n \n \n Cobra Resources plc\n \n \n \n \n \n (\"Cobra\" or the \"Company\")\n \n \n \n \n \n Drilling Commences at Wudinna\n \n \n \n Cobra \n \n is an exploration and mining company focused on the evaluation of the Wudinna Gold Project. With 6 tenements covering 1,928km2, Wudinna is located in the prime Central Gawler Craton Province (\"CGC\") of South Australia. \n \n \n Key Highlights\n \n \n • Hagstrom Drilling arrived on site at Wudinna on the 23rd September 2020\n \n \n • Drilling commenced on Saturday 26th September, with a small delay due to rain.\n \n \n • Results will be announced to the market once they have been received from the laboratory and QA/QC checks have been completed.\n \n \n In Detail:\n \n \n Drilling Commences\n \n \n The previously announced the \n \n Programme 1 \n \n 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.\n \n \n 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.\n \n \n \n \n \n \n Craig Moulton, Director of Cobra\n \n \n commented:\n \n \n \n \"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 availabl...