Cohiba Minerals Limited announced that further to the five (5) exploration targets identified within the Horse Well Project area, it has assessed existing magnetotelluric (MT) survey data from Geoscience Australia and determined that further detailed magnetotelluric (MT) work is warranted. The magnetotelluric (MT) survey work undertaken by DEM SA and Geoscience Australia which passed through the southern portion of the Horse Well project area. The results from this line imply that a deep basement conductive zone occurs in the area., Previous magnetotellurics surveys in the region have suggested that such conductive zones may reflect deformation zones and fluid pathways. These "feeder" zones are interpreted to coincide with the highly prospective iron oxide copper gold (IOCG) belt that connects to a mantle plumbing system. Given that MT LINE 2 is not within the company's tenements and detailed MT information closer to the exploration targets was not available, the company will conduct detailed MT on closer spaced lines over the Horse Well project area to enhance the definition of exploration targets within the Horse Well Project area. Highlights: existing Olympic Domain Magnetotelluric (MT) survey results (DEM SA and Geoscience Australia) indicative of a deep basement conductive zone ("feeder zone"). Detailed Magnetotelluric (MT) survey approved for the Horse Well Project to further delineate conductive zone and its association with current magnetic and gravity targets.