Craig Moulton, Director of Cobra Resources PLC (COBR.L) Interview

As this year has unfolded, Cobra has quietly gone about its business and build up the infrastructure that looks very promising for 2021.

Having released its first set of results from the Wudinna Project – Clarke Assay Results, Craig Hope to have another set of results out before Christmas or worst case early in the NewYear

Craig Moulton, Director of Cobra, commented:

“Given we still have 80 per cent of the assay results still to come, we are very excited about these initial high-grade intersections at Clarke which have positive indications for the future of the Wudinna Project. The substantial 31m intersection has been intersected north of mineralisation previously drilled at Clarke. It is apparent that extensions down dip and along strike from this intersection represent a high priority target for a future drilling programme.

It is important to remember that there are currently no resources estimated for Clarke and so we now have the potential for a new resource zone some 1.75 km north of that existing at Baggy Green.”

The Wudinna Project (the 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.

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 to 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.

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