Downhole electromagnetic surveys (DHEM) have taken place in recently drilled diamond core drill holes across the Schwabe, Zinco Lago and Monti prospect areas at Perrinvale and promising electromagnetic conductors have been identified, Cobre noted.
Meanwhile, separate ground electromagnetic surveys are now underway to further refine targets for the next phase of drilling, it added.
“We are pleased with these very positive results for Cobre, which demonstrate the potential being unearthed at the Perrinvale project,” Michael McNeilly, Metal Tiger chief executive said in a statement.
“We are pleased to see correlation with existing models, demonstrating increased potential across the existing licence area and we are delighted to note the identification of the new Lago Rame Gossan prospect. We look forward to further results in due course as the exploration programme continues,” he added.
Cobre is 19.99% owned by Metal Tiger and it, in turn, owns 80% of the owner of Perrinvale.