Cohiba Minerals Limited: Drilling Commences at Warriner Creek Prospect

Melbourne, Australia - Cohiba Minerals Ltd. (ASX:CHK) (OTCMKTS:CHKMF) is pleased to announce that drilling has commenced at the Warriner Creek Prospect in South Australia where Cohiba has a Farm-In Agreement with Tigers Dominion Group Pty Ltd.

Highlights:

- Diamond drilling has commenced at the Warriner Creek Prospect, north-west of Olympic Dam, targeting IOCG systems.

- The target depth in this part of the Gawler Craton is shallower than the Olympic Domain tenements and 2 holes are proposed with the first to be drilled to 600m depth in the east of EL6324.

- A subsequent hole, to 400m depth, can be drilled at Cohiba's discretion.

- Prior analysis of historical data by Tigers Dominion Group, Cohiba's farm-in partner, concluded that there is a potential significant IOCG breccia system in the area which is the focus of the current drilling campaign.

The Warriner Creek Project comprises 2 tenements under exploration licence to TDG, EL 6324 (Areas A and B) and EL 6533, which cover a combined area of 346 km2 over strategic IOCG targets in the Gawler Craton (Figures 1 & 2).

The Farm-In Agreement comprises an "Initial Period" whereby Cohiba will assess the prospectivity of the Warriner Creek Project through the expenditure of $600,000 (minimum expenditure) by drilling a 600m drill hole on the eastern part of EL6324, followed by a 400m drill hole on either the eastern or western part of EL6324 (at Cohiba's discretion). The target depth in this part of the Gawler Craton is shallower than the Olympic Domain tenements and as such drilling depths should be significantly shorter.

Tigers Dominion Group conducted a review of the Warriner Creek East project including further petrological work on core from WCKDDH01 (Mason Geoscience P/L Report #4285, 2019) which confirmed the historical geological logging of alteration within the basement gneissic sequence. Tigers Dominion Group (TDG) concluded that this level of geochemical anomalism and alteration was consistent with WCKDDH01 being proximal to a potential significant IOCG breccia system which will become the focus of the current drilling campaign Cohiba's CEO, Andrew Graham says, "The team from Tigers Dominion Group and Euro Exploration have done a superb job of coordinating and delivering all of the work required to get the drill rig on site. The Company is looking forward to investigating the target zones on this exciting addition to our Gawler Craton prospects.

The technical merits of the Warriner Creek prospect make it an excellent fit for Cohiba which is intent on becoming a major explorer for IOCG deposits within the Gawler Craton."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/0PKX6649

About Cohiba Minerals Limited:

Cohiba Minerals Ltd. (ASX:CHK) is listed on the Australian Securities Exchange with the primary focus of investing in the resource sector through direct tenement acquisition, joint ventures, farm in arrangements and new project generation. The shares of the company trade under the ticker symbol CHK.

The Company recently acquired 100% of the shares in Charge Lithium Pty Ltd, which holds exploration licences in Western Australia.

Source:
Cohiba Minerals Ltd.

Contact:

Andrew Graham CEO admin@cohibaminerals.com.au