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Centaurus Metals Ltd.
Summary
| Project: | Itapitanga | |
|---|---|---|
| Deposit: | Itapitanga | |
| Location: | Brazil | |
| Commodities: | Nickel-Cobalt-Scandium | |
| Date: | 8/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-8-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Itapitanga deposit at the Itapitanga project. Drilling results incl. 21.0m @ 41.1g/t Sc from 4.0m. Centaurus Metals (ASX Code: CTM) is pleased to advise that it has i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to advise that it has identified broad zones of scandium mineralisation at the Itapitanga Nickel‐Cobalt Project in northern Brazil following an extension of the assay program for its recent Reverse Circulation (RC) drilling program to include ICP analysis. The discovery adds a potentially valuable by‐product which further enhances the quality of the emerging high‐grade nickel‐cobalt discovery. The new assay results have allowed the Company to update the Exploration Target to include scandium. The Exploration Target for the Itapitanga Nickel‐Cobalt Project now stands at 35‐45Mt at 0.80% to 1.10% nickel, 0.07% to 0.12% cobalt and 18g/t to 30g/t scandium. Full details of the Exploration Target estimate are set out below and are summarised in Table 3. The Exploration Target estimate for the Itapitanga Project comprises between 280,000‐495,000 tonnes of nickel, 24,500‐54,000 tonnes of cobalt and 965‐2,065 tonnes of scandium oxide. The extension of the assay program was prompted by the identification of scandium mineralisation in the recent metallurgical testwork samples, as well as by the quality of the processing results. The scandium recovery for the samples was 99% from the high‐pressure acid leach testwork and 94% for the atmospheric leach testwork. See further detail below on the metallurgical testwork results. | |
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