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Centaurus Metals Ltd.
Summary
| Project: | Jaguar | |
|---|---|---|
| Deposit: | Jaguar South, Onca?Preta | |
| Location: | Brazil | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 1/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2020: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Jaguar South, Onca?Preta deposit at the Jaguar project. Drilling results incl. 23.4m @ 0.88% Ni, 0.03% Cu, 0.02% Co from 100.1m. Centaurus Metals (ASX Code: CTM) is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to announce that it has received a further batch of high‐quality assay results from its ongoing maiden diamond drilling campaign at the Jaguar Nickel Sulphide Project (“Jaguar” or the “Project”) in Brazil. Drilling continues to confirm the extent of the high‐grade nickel sulphide mineralisation at both the Jaguar South and Onça‐Preta Deposits, demonstrating the consistency of the mineralised zones with the historical Vale drilling while also confirming the strong relationship of the high‐grade zones with the Down‐hole Electromagnetic (DHEM) conductor plates. This bodes extremely well for all current and future in‐fill and extensional drilling of the high‐grade nickel sulphide deposits and prospects at the Jaguar Project. The Company has an aggressive drilling program planned over the coming six months, targeting a maiden JORC Mineral Resource estimate by the middle of the year. The ongoing drilling program is designed to extend the known high‐grade nickel sulphide intersections while also identifying new high‐grade nickel sulphide zones within the tenement package. The latest drill results reported in this release are already starting to add new strike extent beyond the historical resource envelopes. Commenting on the latest drilling results, Centaurus’ Managing Director, Mr Darren Gordon, said the consistency of the results generated to date and the excellent correlation between the high‐grade nickel sulphide mineralisation intersected and the DHEM conductor plates were very positive developments for the project. | |
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