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Cobar Consolidated Resources Limited
27 November 2009
ASX Release
High grade core in south-central pit
Cobar Consolidated Resources Limited (ASX:CCU) today released the results of the second phase of infill drilling at the Wonawinta silver project.
The drilling program included infill holes in the north, south central and south pits
and diamond drill holes in the south pit for metallurgical test work.
The most significant results were obtained in the south central pit, where a thick high grade mineralised core approximately 80m across and over 600m in strike length has been defined. Higher silver grades appear to correspond with higher lead grades.
The results are listed in the table below and a typical cross section is shown in Figure 1.
The results complement those obtained from infill drill results in the southern pit. There are now two areas which could provide attractive starting points for mining operations. The processing of higher grade silver and lead ores early in the life of the project would significantly enhance the project economics.
Infill drilling in the north pit, where 6 RC holes were drilled, has confirmed the extent and grade of mineralisation. A further 6 RC holes drilled in the south pit tested areas where the vertical position of mineralisation appeared to change significantly between holes.
Hole numberMGA_EMGA_NFromToIntervalAg Pbmmmmmg/t%CCRC45238119764328002337141011.8including242733275.3CCRC4553810766432920194526570.7CCRC45541454911.6CCRC4563811186432920193314101.3CCRC45639434500.9CCRC4613810826433032254116510.8including273141332.5CCRC4623811616433032172582613.2CCRC4653809656433163284681352.3CCRC46638100864331632240181081.4CCRC4673810476433163162261652.9including171815628.1CCRC468380966643330025327931.1
LEVEL 4
448 ST KILDA RD
MELBOURNE VIC 3004
PO BOX 7693
ST KILDA ROAD VIC 8004
Ph: 03) 9866 8613
Fax: 03) 9820 2586
ACN 118 684 576
ABN 67 118 684 576
www.ccrlimited.com.au
Cobar Consolidated Resources Limited
Finally, 6 diamond holes were drilled in the south pit to obtain samples for metallurgical test. These results, with one exception, provided excellent correlation with RC drill results in the same position.
Figure 2 shows the resource outline and the phase 1 and 2 areas of infill drilling. A complete listing of results is attached as Tables 1 and 2. The high grade core zone in the south central pit is shown in Figure 3.
The drill results will now be used to recalculate the resource. The Wonawinta silver project currently has an indicated and inferred silver resource of 50Moz.
Investor and media enquiries;
Trevor Shard
Company Secretary
(03) 9866 8613
The information to which this statement is attached that relates to exploration results is based on information compiled by Martin Lenard who is a Fellow of the Australasian Institute of Mining and Metallurgy. Martin Lenard consults to Cobar Consolidated Resources Ltd as a full time employee of RMDSTEM Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity to which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves” (the “JORC Code”). Martin Lenard consents to the inclusion in this report of these matters based on the information in the form and context in which it appears.