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: | 3/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-3-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Itapitanga deposit at the Itapitanga project. Drilling results incl. 10.1m @ 1.03% Ni, 0.1% Co from 1.0m. Centaurus Metals (ASX Code: CTM) is pleased to announce that | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to announce that the initial phase of auger drilling at its newly‐ acquired Itapitanga Nickel‐Cobalt Project in northern Brazil has returned outstanding results, confirming the presence of shallow high‐grade nickel and cobalt mineralisation over an extensive area and paving the way for the Company’s maiden Reverse Circulation drilling program. The first nine auger holes tested a strike length of approximately 3km of the Northern Target area, with seven of the first nine holes finishing in high‐grade nickel‐cobalt mineralisation. Auger drilling is continuing. Auger holes are drilled to drill‐refusal and the average hole depth for the first nine holes of the program was only 6.2m. All of the Northern Target area remains open in all directions and the Southern Target remains to be tested. Highlights of the first batch of results include the following continuous intersections. The auger drilling at Itapitanga has demonstrated that the nickel‐cobalt laterite mineralisation occurs from surface, with high grades of both nickel and cobalt being intersected. The first‐pass auger drilling covered a strike length of 3km and widths of roughly 500m over the Northern Target area. The Northern Target area remains open in all directions and the ongoing auger drilling program will continue to identify the limits of the surface mineralisation. | |
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