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Centaurus Metals Ltd.
Summary
| Project: | Jaguar | |
|---|---|---|
| Deposit: | Jaguar | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Nickel | |
| Date: | 5/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-5-2020: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Jaguar deposit at the Jaguar project. Drilling results incl. 26.15m @ 1.42% Ni, 0.08% Cu, 0.07% Co from 220.5m. Centaurus Metals (ASX Code: CTM) is pleased to report | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Reserve] n/a (n/a) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to report significant new drilling results that continue to demonstrate the consistency of high-grade shallow semi-massive to massive nickel sulphide mineralisation at the Onça Preta Deposit and Onça Rosa Prospect (see Figure 1), both of which form part of its 100%-owned Jaguar Nickel Sulphide Project (“Jaguar” or the “Project”) in the Carajás Mineral Province of Brazil. Centaurus’ Managing Director, Mr Darren Gordon, said the strong results highlighted the significant potential for an initial high-grade open pit and longer term underground mine at the Onça Preta Deposit, which is expected to form part of the Company’s upcoming maiden JORC Mineral Resource estimate, along with the emerging high-grade massive sulphide potential at the Onça Rosa Prospect. “Results from Onça Preta continue to demonstrate the consistency of grade across the deposit. We have now extended the strike length of the shallow, high-grade mineralisation to over 150m centred on the outstanding intercept of 14.9m at 2.94% Ni from 56.8m reported earlier this year – underlining the potential for a lowstrip, open pit start-up operation. And, just as importantly, as we drill deeper, we continue to intersect highgrade mineralisation where we interpret it to be, with great results including 26.2m at 1.42 % Ni from 220m. | |
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