AIM-quoted Metal Tiger owns an 18.8% shareholding in Cobre which has had analysis from a 90 kilogram sample from Schwabe. A composite head assay measured 3.6% copper, 0.08% cobalt, 0.03% lead and 1.1 grams per tonne (g/t) gold, and 13.1 g/t silver.
“These early results associated with our metallurgical testing are very positive, beginning to lay the foundation to assess the options for Schwabe to deliver economic returns,” Martin Holland, Cobre managing director said in the company’s statement.
“While we await more detailed results from IMO [contracted consultant], expected over the next eight weeks, we will internally assess the resource potential within our existing drilling at Schwabe.
“The team on site, while awaiting the arrival of the DHEM crew, are beginning to assess broader areas of the project for VHMS potential. We look forward to applying the knowledge gained across the board by successful drilling of VHMS on the project to date.”