---
title: "Cobra Resources PLC (LON:COBR) Analysis Delivers Breakthrough Gold Fingerprint"
publisher: "Share Talk"
author: "sharetalk"
published: "2020-02-27T08:23:47+00:00"
modified: "2020-02-27T08:23:47+00:00"
date: 2020-02-27
canonical: "https://www.share-talk.com/cobra-resources-plc-loncobr-analysis-delivers-breakthrough-gold-fingerprint/"
category: "Mining"
categories: ["Mining"]
tags: ["COBR", "Cobra Resources", "Craig Moulton"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Cobra Resources PLC (LON:COBR) Analysis Delivers Breakthrough Gold Fingerprint

**Published:** February 27, 2020
**Author:** sharetalk
**Categories:** Mining
**Tags:** COBR, Cobra Resources, Craig Moulton
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

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**Craig Moulton, Managing Director of Cobra commented**

“This breakthrough represents a major step forward in our ability to target gold mineralisation at Wudinna and will significantly improve our ability to de-risk future drilling programmes.”

 

First published 20th Feb

 

**Exploration Update – Stage 1 Analysis Delivers Breakthrough Gold Fingerprint**

Cobra is an exploration and mining company which today announces an update on exploration and evaluation of the Wudinna Gold Project.

**The Wudinna Project** is located on the Eyre Peninsula in the Central Gawler Gold Province, a 450-kilometre-long arcuate belt in South Australia which contains numerous mineral occurrences.

In November 2019 the Company announced a three-stage geochemical (soil) sampling programme with the aim of improving the definition of gold targets at Wudinna prior to drilling.

**These stages include:**

**Stage 1.** Calibration program – Establish new geochemical relationships that provide improved pathfinders to high-grade Gold mineralisation.

**Stage 2.** Brownfields / Extensions – Use Stage 1 learnings to identify priority drill targets that may extend mineralisation at Barns, Baggy Green or White Tank.

**Stage 3.** Greenfields Targets – Apply results from Stages 1 & 2 to define high priority drilling targets for new Gold and Copper discoveries at Wudinna.

**Summary of Key Findings:**

· Cobra has identified a unique and distinctive chemical fingerprint for Gold mineralisation at Barns, White Tank and Baggy Green.

· This breakthrough will significantly improve drill targeting of gold mineralisation.

· This new approach is expected to provide lower risk drill targets as it identifies the remnant traces of mineralisation in the weathering profile.

· The fingerprint also indicates that Wudinna has potential for Olympic Dam-style IOCG (Iron-Oxide-Copper-Gold) mineralisation.

**Detailed Findings:**

**The Stage 1** calibration programme collected soil/calcrete samples above areas of high-grade gold mineralisation at Barns, White Tank and Baggy Green. Cobra also re-assayed selected drill hole samples from these deposits. All samples were assayed using lower detection limits and a more extensive suite of chemical elements than used by previous explorers.

**Following detailed geochemical analysis, it has been established that:**

· High-grade Gold (Au) is associated with significantly elevated levels of Bismuth, Tellurium, Tungsten, Copper and Silver. (Bi-Te-W-Cu-Ag).

· As Silver, Copper and Gold (Ag-Cu-Au) are removed during intense weathering they are often absent closer to surface.

· The pathfinder elements Bismuth, Tellurium, Tungsten (Bi-Te-W) remain present even in deeply weathered rock.

· The Stage 1 analyses showed that elevated Bismuth, Tellurium, Tungsten (Bi-Te-W) anomalies can be seen in soil samples directly up-dip of high-grade gold mineralisation at Baggy Green.

The benefits of this breakthrough include:

· Lower risk drilling targets: targeting Bi-Te-W anomalies in soils where Gold may have been leached will de-risk future drilling programmes and provide better chemical pathfinders to mineralisation at depth.

· Lower cost exploration: available historic soil and drilling samples can be re-assayed for Bi-Te-W-Cu-Ag anomalies reducing the cost of data collection and greatly expanding the effective search area.

· Better pathfinders to mineralisation: Previous methods required soil samples to contain calcrete which is not always present, this new approach will work in areas where calcrete is absent.

· New IOCG Potential: A Bi-Te-W-Cu-Ag signature is typical of IOCG or Iron-Oxide-Copper-Gold mineralisation, similar to BHP’s giant Olympic Dam Copper-Gold mine (308km to the northeast of Wudinna), indicating that the project may be prospective for Copper-Gold Mineralisation.

**The company is now planning the Stage-2** sampling programme, which will focus on infilling sample sites that target extensions to Barns, White Tank and Baggy Green. Fieldwork is expected to commence mid-March and will also include the re-assaying of available soil and drill hole samples. The market will be updated as this work progresses.

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