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Cohiba Minerals dives into field work at Canadian lithium, REE projects
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Special Report: Cohiba Minerals is set to start field work at its four Canadian lithium and rare earths prospects next week after signing Scope of Work documents with leading North American consultants.
The projects cover 148km2 of prospective ground in known lithium terranes and were bought by Cohiba Minerals (ASX:CHK) in May with support from sophisticated investors.
Following discussions with major service providers to make the most of field season window before winter, Cohiba has signed individual Scope of Work documents for each of its Ontario prospects with Dahrouge Consulting.
Based in Canada and the US, Dahrouge has more than 50 years’ experience in providing geological, logistical and project management services to resources companies.
Gathering momentum
The field work has been designed to assess the prospects in order of priority and will start in Gathering Lake on 20 September. Commencement dates at Rogers Creek, Ottertail and Big Rock will be staggered up until 9 October. Work is expected to finish at Gathering Lake on 27 September and be completed at all projects by 10 October.
The activities will include geological sampling and mapping, as well as logistics, to be followed by a field report that can easily be combined with analytical results into an assessment report.
Cohiba’s CEO, Andrew Graham said he was happy to announce the company had received and endorsed a Scope of Work document for each of the Ontario prospects.
“We are looking forward to building on the desktop study with a systematic field investigation aimed at determining lithium and rare earth element prospectivity at each of these sites,” Graham said.
“We’re also looking forward to releasing assay results from the geological sampling as soon as they are available.”
Building battery metals projects
The Canadian lithium and rare earth prospects supplement Cohiba’s growing portfolio of critical minerals/battery metals projects, including its Olympic Domain copper and zinc prospects.
A key target for these efforts is Horse Well Prospect, which is only 5km from BHP’s Oak Dam as well as the $1B+ Carrapateena copper mine, and in the same Gawler Craton neighbourhood as Olympic Dam.
It’s also where Cohiba has discovered the Horse Well Fault which is interpreted to have formed during regional (Iron Ore Copper Gold) IOCG deposit formation.
Cohiba has also found significant levels of zinc at its Pernatty C project, also in the Gawler Craton region.
This article was developed in collaboration with Cohiba Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
