With exploration work ramping up on its Gawler Craton projects under the Olympic Domain joint venture in South Australia, Cohiba Minerals has appointed highly experienced geophysicist Chris Anderson while an initial review confirmed prospectivity of Iron Oxide Copper Gold (IOCG) targets at the project.
Mr Anderson – who has 35 years under his belt as a geophysicist in Australia and internationally – has been appointed as a geophysical consultant and brings significant technical expertise and direct working knowledge of specific mineralisation styles in the region.
Importantly, He has significant experience in South Australia having been instrumental in the discovery of Carrapateena iron-oxide, copper-gold-uranium mine and Kalkaroo copper-gold-molybdenum deposit both in South Australia.
His international experience includes geophysical interpretation work in Zambia for Equinox Resources and in Tanzania for North Mara Gold Mines where he contributed to the discovery of the 1Moz Gokona gold deposit.
Meanwhile an initial review confirmed the prospectivity for IOCG targets within the three main tenement areas at the Gawler Craton projects.
Significantly, the review has also identified target areas for shallower sediment hosted copper-cobalt-silver mineralisation, comparable to the Mt. Gunson / Cattlegrid mines.
Surface geochemical sampling programs have been designed to evaluate this possibility with work expected to begin within the next four weeks.
Field services company Euro Exploration Services P/L has been appointed to spearhead exploration program and fast-track progress.
Under the terms of the JV, Cohiba has the right to acquire an 80 per cent stake in Olympic Domain’s tenements which lie in the highly prospective eastern Gawler Craton region.
Shares in Cohiba closed today at 0.9c.