IOCG Targets5 Nov 2021 12:49
Hi all, I appreciate you will be weary of a newbie poster but I have been an armchair spectator for a long time until now. Am a LTH here and am sitting very firmly on my hands and holding long and strong here and have very much appreciated all your comments and research shared on this BB. I wanted to share something with you re the IOCG targets that had not been clear to me from recent comms and I think had been picked up as a question on this BB a few times re 5 vs 6 IOCG targets, but Ben at Vigo has kindly (and very swiflty) provided me with the following explanation which I am sharing in full:-
"Thank you very much for your email regarding Cobra. The Cobra team appreciates your comments as we are working hard to keep investors appraised of the operational activities which are becoming rather exciting.
With regards to your IOCG targets question. The Investor Snapshot references the targets in connection with the operating timeline - not how many targets there are in total. There are indeed six copper targets which come under the IOCG umbrella. Five have geophysical anomalies prospective for IOCG mineralisation whereas the sixth target is more reflective of skarn-style copper-gold mineralisation. The current operating timeline covers targets 1-5 for gravity surveying. Subject to permitting, that survey work may also extend to the sixth but that's not in the plan at the moment. I trust that clears up your query. "
GLA