Cohiba Minerals Limited (ASX:CHK) Exploration Update and Technical Report – Horse Well

Melbourne, Australia, November 28, 2022 – (ABN Newswire) – Cohiba Minerals Limited (ASX:CHK) (OTCMKTS:CHKMF) is pleased to provide an update on its exploration activities and a technical report on hole HWDD07.

– Hole HWDD08 completed at a depth of 1,509.9 m, samples being prepared for testing.

– Test results are expected soon for HWDD01 and HWDD02 (Horse Fountain)

– Test (filler) results expected soon for PSDDH01 (Pernatty C)

– 474 samples were sent for testing for HWDD07

Following a 3 week delay due to flooding and subsequent inability to access the drilling rig; hole HWDD08 was completed to a depth of 1,509.9 m and samples were prepared for testing. Assay results for HWDD01 and HWDD02 (Horse Well) are expected shortly, along with infill assay results for PSDDH01 (Pernatty C), where the Company follows up on the anomalous zinc, lead and silver results reported in its ASX release on July 26, 2022. The technical report for HWDD07 is attached below, with 474 samples also sent for testing.

HWDD07 TECHNICAL REPORT INTRODUCTION

HWDD07 was drilled at the Horse Well prospect during that period July 29, 2022 – September 3, 2022. Basement was reached at 930.35 m in depth and the hole was completed to a total depth of 1519 m. The target was the southward extension of the Blue Bush Fault, which had previously been identified in holes HWDD04, HWDD05 and HWDD05W1. The specific objectives of the hole were to gain more confidence in the exact orientation of the fault and to test the southward extension of the strike in a region of magnetic low.

The identification of the Blue Bush fault as a structure of interest occurred during the mapping of strip logs from previous drilling. Holes HWDD04, HWDD05 and HWDD05W1 have generated interest due to broad zones of copper mineralization, generally in the form of quartz-magnetite-chalcopyrite-pyrite veins. Significant fault features were found in each of the holes. Although the fault presentation is quite different from hole to hole, it was assumed that the faults are the same fault based on a fairly unique orientation to the fault and that fault features > 30 cm at Horse Well tend to be rare and thus tie up. to the ubiquitous structures. Although 3 intersection points were identified, a variety of possible orientations remained consistent with the data. The intersection of the Blue Bush fault at the approximate predicted location is a strong indication that the fault actually exists and will allow future more aggressive step-out drilling.

To view the full technical report, please visit:
https://abnnewswire.net/lnk/2SI33O7L

About Cohiba Minerals Limited:

Cohiba Minerals Limited (ASX:CHK) is listed on Australian Stock Exchange with the main focus of investing in the resource sector through direct purchase of housing, joint ventures, agricultural arrangements and the generation of new projects. The company’s shares trade under the symbol CHK.

The company recently acquired 100% of the shares of Charge Lithium Pty Ltdwhich holds exploration licenses in Western Australia.

Contact:

Andrew GrahamCEO
[email protected]

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