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Kobrea Exploration Corp. ( (TSE:KBX) ) has issued an update.
Kobrea Exploration Corp. has announced significant progress at its El Destino porphyry copper-gold-molybdenum system in Argentina, following the completion of an airborne magnetometry survey. The survey expanded the interpreted boundaries of the system, revealing hydrothermal alteration extending under younger volcanic cover. With the recent approval of an Environmental Impact Statement, Kobrea will initiate fieldwork this season to prepare the site for drilling, highlighting its strategic push to unlock this unexplored and potentially valuable resource, presenting new opportunities for stakeholders and strengthening its presence in the copper and gold exploration industry.
More about Kobrea Exploration Corp.
Kobrea Exploration Corp. operates in the mineral exploration sector with a focus on porphyry copper, gold, and molybdenum systems. The company is actively engaged in projects across southwestern Mendoza Province, Argentina, holding rights to seven exploration projects spanning 733 km², including the El Destino Project in the Western Malargüe Mining District.
Average Trading Volume: 124,287
Technical Sentiment Signal: Sell
Current Market Cap: C$16.23M
For a thorough assessment of KBX stock, go to TipRanks’ Stock Analysis page.