Mineral validation

It appears we are in a ramp up stage now and a flow of news will result. Certainly time to get into position.
JMO.........GLA

Results have validated historical geochemistry and confirmed the presence of multiple zones of cobalt and gold associated with the copper mineralisation over a significant area.

The Company is working to ensure it is best placed to deliver value and upside potential for all its shareholders with the exploration and development works being planned.
As a result of the Cobalt X acquisition and the Company’s existing exploration areas of interest, the Company has clear exploration targets and will be devising plans to systematically carry out exploration work to review each area of interest in line with relevant budgets and development plans.

Surface geochemistry supports the cobalt and gold mineralisation previously indicated but not confirmed by earlier exploration and mining, which was focused solely on the copper mineralisation.

The Company is working with a highly regarded local contractor on the scope of works in preparation of minor earthworks to restore the access road and conduct the initial drilling programs.

Highlights:
• High grade rock chip assays up to 26.4% for copper, up to 0.21% cobalt and 3.15g/t gold returned from the lab which all confirm the high grade nature of the project from previous portable XRF analyses

• Exploration results and resource to date support the potential for an emerging copper, cobalt and gold project.

• Drilling works planned, targeting delineation of near term mine resource subject to obtaining approvals.

• Further potential for the discovery of satellite high-grade copper, cobalt and gold deposits in the project area.

Comment
Cohiba’s Executive Director, Mordechai Benedikt, said he was happy to see the lab results confirm the high grade nature of the mineralisation exposed at surface and confirmation of significant gold present in the deposit to support the anecdotal historic evidence.
*************After some delays, he hopes the Company can now make more progressive inroads into better defining the deposit through drilling with the intent of developing an updated JORC compliant resource including gold and cobalt credits. **************


Hopefully we can keep this thread free of management bashing and rampant negativity.
It certainly doesn't help the SP