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Centaurus Metals Ltd.
Summary
| Project: | Itapitanga | |
|---|---|---|
| Deposit: | Itapitanga | |
| Location: | Brazil | |
| Commodities: | Nickel-Cobalt | |
| Date: | 7/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Itapitanga deposit at the Itapitanga project. Drilling results incl. 30m @ 0.92% Ni, 0.02% Co from 10m. Centaurus Metals (ASX Code: CTM) is pleased to advise that ongo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to advise that ongoing Reverse Circulation (RC) drilling at the Itapitanga Nickel‐Cobalt Project in northern Brazil has delivered further strong nickel‐cobalt intersections, highlighting the growing scale and potential of the emerging high‐grade discovery. Recent results demonstrate that the Northern Target mineralisation (the first area to be drilled) is up to 30m thick, extends over a strike length of 3.5km, and has section widths of up to 650m (refer Figure 1). The nickel grade of the mineralisation is very strong across the mineralised zone with thick and consistent intervals of over 0.90% nickel encountered. In addition, there are multiple +10m‐deep high‐grade cobalt zones where the grade runs over 0.12% Co. Drilling has now moved onto the Southern Target and newly‐identified Western Target. The Southern Target is a +2.0km long magnetic feature which is locally up to 400m wide where previous auger drilling intersected nickel‐ cobalt mineralisation. The Western Target, identified from soil sampling, is a newly discovered area that is over 1.0km long and up to 200m wide and remains to be tested (see Figure 2). | |
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