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Centaurus Metals Ltd.
Summary
| Project: | Itapitanga | |
|---|---|---|
| Deposit: | Itapitanga | |
| Location: | Brazil | |
| Commodities: | Nickel-Cobalt | |
| Date: | 8/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Itapitanga deposit at the Itapitanga project. Drilling results incl. 33m @ 0.77% Ni, 0.14% Co from 0m. Centaurus Metals (ASX Code: CTM) is pleased to advise that its | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to advise that its 100%-owned Itapitanga Nickel-Cobalt Project discovery in northern Brazil continues to grow in scale and potential, with the final batch of assay results from the first phase of Reverse Circulation drilling returning more thick, high-grade nickel-cobalt intersections. The results have continued to impress, particularly those from the recently discovered Daniel’s Creek Fault Zone, where recent results included drill holes ITAP-RC-18-138 (21m at 1.01% Ni and 0.09% Co) and ITAP-RC-18-139 (33.0m at 0.77% Ni and 0.12% Co). The discovery of wide zones of mineralisation in this area highlights the potential for significant additions to the maiden Exploration Target reported by Centaurus at the start of August. The RC rig is now in the final stages of mobilisation to the Company’s Pebas Copper-Gold Project, where a 2,000m RC drill program has been planned and a number of exciting high-grade copper drill targets are ready to be tested. Centaurus’ Managing Director, Darren Gordon, said the Company’s maiden RC drill program at Itapitanga had been an outstanding success, with the Company advancing a pure greenfields project from acquisition, through the initial exploration phase, to a significant discovery in the space of six months. | |
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