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Wudinna Exploration Programme Update - Stage 2
Wudinna Exploration Programme Update - Stage 2.
About this update from Cobra Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 4235G\n Cobra Resources PLC\n 17 March 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 17 March 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 Exploration Update - Stage 2 Sampling Programme Commences\n \n \n \n Cobra \n \n is an exploration and mining company which today announces an update on exploration and evaluation of the Wudinna Gold Project.\n \n \n The Wudinna Project is located on the Eyre Peninsula in the Central Gawler Gold Province, a 450-kilometre-long arcuate belt in South Australia which contains numerous mineral occurrences.\n \n \n \n \n \n In November 2019 the Company announced a three-stage geochemical (soil) sampling programme with the aim of improving the definition of gold targets at Wudinna prior to drilling.\n \n \n These stages include:\n \n \n \n \n \n \n Stage 1. Calibration program - \n \n Establish new geochemical relationships that provide improved pathfinders to high grade Gold mineralisation.\n \n \n \n \n \n \n Stage 2. Brownfields / Extensions -\n \n Use Stage 1 learnings to identify priority drill targets to extend mineralisation at Barns, Baggy Green or White Tank.\n \n \n \n \n \n \n Stage 3. Greenfields Targets -\n \n Apply results from Stages 1 & 2 to define high priority drilling targets for new Gold and Copper discoveries at Wudinna.\n \n \n \n \n \n Highlights:\n \n \n · \n The Stage 2 sampling programme has commenced.\n \n \n · \n 552 soil samples are being sent to ALS Laboratories for multi-element analysis\n \n \n · \n Field activity will commence on Wednesday 18th March for 10 days\n \n \n · \n 238 new soil samples will be collected to test the following Brownfields targets...