Wudinna Project Update: Barns Assay Results

About this update from Cobra Resources Plc

RNS Number : 3853M Cobra Resources PLC 21 January 2021     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.   21 January 2021   Cobra Resources plc  ("Cobra" or the "Company")   Wudinna Project Update: Barns / White Tank Gold Deposit Assay Results   Cobra, the gold exploration and mining company focused on the Wudinna Gold Project in South Australia, is pleased to announce significant and high-grade gold intercepts at the Barns and White Tank deposits, including:   3.25 g/t gold over 13m, including 33.60 g/t gold over 1m with 7.25 g/t silver and 1.71% copper - hole CBRC0027 8 g/t gold over 3m, including a peak intercept of 23.10 g/t gold and 20.00 g/t silver - hole CBRC0029 6.28 g/t gold over 5m including 2m at 14.78 g/t - hole CBRC0029 Seven holes returned gold intercepts greater than 5 g/t, with hole CBRC0029 returning three 1m intercepts of 13.7 g/t, 15.85 g/t and 23.1 g/t gold Hole CBRC0029 also returned the highest silver intercept in the project to date of 20 g/t silver, associated with the 23.1 g/t gold intercept above Hole CBRC0027 returned the highest copper intercept in the project to date of 1.71% copper, associated with a gold assay of 33.6 g/t gold   The Barns JORC resource is currently estimated at 104,000 oz, and the White Tank Resource at 13,000 oz. The objective of the drilling programme was to provide detailed structural and geochemical data, with the aim of confirming the orientation and continuity of the resource, and to enable the growth of the resource base. A total of 19 Reverse Circulation (RC) holes were drilled in and around the Barns JORC resource zone for a total of 3,177m, with all but three holes returning mineralised intercepts of greater than 0.3 g/t of gold.   Summary of standout drill intercepts at Barns / White Tank include:   CBRC0027 - 13m at 3.25 g/t gold from 151m includ...

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