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The latest update is out from Kobrea Exploration Corp. ( (TSE:KBX) ).
Kobrea Exploration Corp. has received approval from the Mendoza Province authorities in Argentina to commence Phase 1 of its exploration plan at the El Perdido mining project. This includes constructing a 14-kilometer access road, setting up a temporary exploration camp, and conducting diamond drilling activities. The approval marks a significant milestone for Kobrea, as it is the first public company to receive such approval in the Western Malargüe Mining District, signaling progress in the region’s mining activities and offering legal security for investors. The project targets a substantial porphyry copper-gold-molybdenum system, with the maiden drilling program set to explore promising geological features identified through previous studies.
More about Kobrea Exploration Corp.
Kobrea Exploration Corp. operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in the extraction of copper, gold, and molybdenum, with a market focus on porphyry systems.
Average Trading Volume: 61,135
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$15.51M
Find detailed analytics on KBX stock on TipRanks’ Stock Analysis page.