Good coms from board29 Jan 2021 10:07
Just had this reply to an email I sent to Craig after the Baggy Green results. Morning price sensitive do I’ll share here and thanks to both Craig for forwarding my email and Simon for his reply. Most notable no assay results due for Laker.
Dear Richard,
Thank you for your email regarding Cobra, we are responding on Craig’s behalf as investor relations to the company in London.
The Baggy Green drilling programme was designed to test northern and southern extensions to the existing resource. Where Cobra intersected mineralisation, this has suggested a more north westerly orientation. While the results were not as exciting as Clarke or Barns, the team has still learnt a significant amount from them. It is likely that the company will continue to build this picture once the geochemistry is analysed in detail. Some of the more important findings were the low-grade intersections to the south. This suggests there may be potential for new deposits further south and also the 3 g/t intersection to the north (also a potential indicator of new mineralisation).
The exciting results from Barns last week completed the awaited assays from the 2020 drilling programme, which included some significant and high-grade intercepts such as the 5.25 g/t of gold over 15m from the Clarke prospect.
Analysis of these data is underway and will inform an updated geological interpretation of the existing resources at Baggy Green and Barns, as well as the future potential to define a maiden resource at Clarke. This information will also form the basis for the company's 2021 exploration programme, with updates to be provided in due course.
We expect 2021 to be a very exciting year for the Cobra and we look forward to keeping shareholders updated through regulatory announcements as the project develops.
Kind regards,
Simon
Sign In
Follow the stocks
