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Centaurus Metals Ltd.
Summary
| Project: | Jaguar | |
|---|---|---|
| Deposit: | Jaguar | |
| Location: | Brazil | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 12/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-12-2019: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Jaguar deposit at the Jaguar project. Drilling results incl. 40.90m @ 1.41% Ni, 0.04% Cu, 0.03% Co from 131.50m. Centaurus Metals (ASX Code: CTM) is pleased to announ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to announce that assay results from the first three diamond drill holes completed as part of its maiden drill campaign at the Jaguar Nickel Sulphide Project (“Jaguar” or the “Project”) in Brazil have all returned thick intersections of high-grade nickel sulphide mineralisation. The zones of mineralisation intersected at both the Jaguar South and Onça-Preta Deposits have correlated particularly well with historical high-grade intersections and, importantly, with the Down-hole Electromagnetic (DHEM) and Fixed Loop Electromagnetic (FLEM) conductor plates. This bodes well for all current and future in-fill and extensional drilling of the high-grade nickel sulphide targets at Jaguar. Historical drilling by Vale S.A. at Jaguar targeted a bulk tonnage, medium-low grade nickel sulphide resource and, as such, the project has been pattern drilled on broad 100m x 50m spacing, with little or no follow-up drilling of the historical high-grade intersections. Centaurus has two clear objectives with its maiden drill campaign – firstly to extend the known high-grade nickel sulphide intersections and, secondly, to identify new high-grade nickel sulphide zones. The first results represent an excellent start towards achieving both objectives and provide significant momentum for the Company’s nickel sulphide development strategy into 2020. | |
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