For thousands of other reports visit RSC's Mineral Intellingence Map
Centaurus Metals Ltd.
Summary
| Project: | Itapitanga | |
|---|---|---|
| Deposit: | Itapitanga | |
| Location: | Brazil | |
| Commodities: | Nickel-Cobalt | |
| Date: | 5/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Itapitanga deposit at the Itapitanga project. Drilling results incl. 24m @ 0.94% Ni, 0.08% Co from 0m. Centaurus Metals (ASX Code: CTM) is pleased to advise that the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to advise that the first assays from its maiden RC drill program at the Itapitanga Nickel‐Cobalt Project in Brazil have confirmed the discovery of significant high‐grade nickel and cobalt mineralisation. Management Comment Centaurus’ Managing Director, Darren Gordon, said the initial assay results confirmed the presence of significant widths of shallow, high‐grade nickel‐cobalt mineralisation over an extensive area. “This is exactly the start we were hoping for. We have seen high quality mineralisation in all of the holes, with several holes also outlining a high‐grade cobalt zone grading above 0.20% Co,” he said. “We have over 5.0km of strike and the mineralisation is over 500m wide in places, so now it’s about trying to understand the depth and grade of mineralisation over this vast area. Our Phase 1 drilling will do this and put us into a better position to be able to understand just how big Itapitanga can be. “The shallow nature, consistency and grade of the mineralisation also bodes well, both for our ability to calculate a maiden JORC Resource quite quickly and for the future economic potential of the deposit. We are very excited by what we have seen to date, and we are looking forward to strong news‐flow from Itapitanga in the weeks and months ahead.” The Company has received results for the first 15 RC drill holes from the Northern Target, where auger drilling previously delineated the top of a high‐grade nickel‐cobalt laterite target with a strike length of 3.3km and widths of between 300‐600m. Drilling continues at the Northern target, where a further 17 holes have been completed to‐date. Initial drilling results have confirmed the occurrence of nickel and cobalt laterite mineralisation from surface. The high‐grade nickel‐cobalt mineralisation, which makes up the bulk of the mineralised profile, is hosted in a ferruginous (limonite‐goethite) laterite. The cobalt‐rich asbolane (a dark brown cobalt‐manganese oxide mineral) is frequently visible throughout this zone. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report