Cobra Resources Plc (LSE:COBR) (Cobra Resources Plc (LSE:COBR)) Rupert Verco says results from the first five drill holes on the Clarke prospect, part of the Wudinna gold project in South Australia are 'very encouraging'.
He tells Katie Pilbeam, the initial gold results confirmed the orientation of mineralisation and demonstrated the potential for a significant gold mineral system at Clarke and he says adding that re-analysis of previous samples has also defined a broad zone of elevated Rare Earth Elements overlaying the intersected gold.
Verco says these 'encouraging preliminary results from Clarke confirm the potential for mineralisation'.