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Centaurus Metals Ltd.
Summary
| Project: | Itapitanga | |
|---|---|---|
| Deposit: | Itapitanga | |
| Location: | Brazil | |
| Commodities: | Nickel-Cobalt | |
| Date: | 8/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Itapitanga deposit at the Itapitanga project. Drilling results incl. 30m @ 1.48% Ni, 0.09% Co from 10m. This broad high‐grade nickel‐cobalt mineralisation appears to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | This broad high‐grade nickel‐cobalt mineralisation appears to extend beneath Daniel’s Creek. This zone is shaping up to be important to the project given the excellent grades and widths of mineralisation encountered in the immediate area. Accordingly, the Company has lodged the appropriate applications for RC drilling of the vegetated wetland while it continues carrying out hand‐held auger drilling, where possible, in the wetlands on either side of the creek. Drill‐hole ITAP‐RC‐18‐114, located at the northernmost extremity of the Northern Zone, has returned an intersection of 30.0m @ 0.90% Ni and 0.04% Co from 12.0m. This intersection is the fourth best intersection by metal content received to date at the Project. The significance of this intersection is that it is the first time in the drill campaign that nickel‐cobalt mineralisation has been intersected beneath the saprolite of the granite country rock, meaning that either the ultramafic intrusion (the nickel‐cobalt mineralisation protore) dips beneath the granite or a structure has displaced the ultramafic below the granite. As the depth of weathering in the region is generally around 50m but can go down to over 100m, this opens up the opportunity for undiscovered high‐grade nickel cobalt laterite mineralisation to be located underneath a granitic (or other host rock) overburden, but still within the weathered profile. | |
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