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Centaurus Metals Ltd.
Summary
| Project: | Jaguar | |
|---|---|---|
| Deposit: | Onca Preta | |
| Location: | Brazil | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 3/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2020: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Onca Preta deposit at the Jaguar project. Drilling results incl. 14.9m @ 2.94% Ni, 0.21% Cu, 0.13% Co from 56.8m. 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 it has intersected a thick near-surface zone of high-grade semi-massive to massive nickel sulphides at the Onça Preta Deposit, which forms part of its Jaguar Nickel Sulphide Project (“Jaguar” or the “Project”) in the Carajás Mineral Province of Northern Brazil. Diamond drill-hole JAG-DD-20-021 returned an outstanding intercept of 14.9m at 2.94% Ni, 0.21% Cu and 0.13% Co from just 56.8m down-hole, including a high-grade zone of 9.6m at 4.19% Ni, 0.29% Cu and 0.16% Co from 62.2m. Centaurus’ Managing Director, Mr Darren Gordon, said the outstanding result at Onça Preta Deposit – one of the shallowest and highest value intercepts returned from the Project to date – shows the tremendous upside that exists for the Jaguar Project as the Company continues to roll out its ongoing resource drilling program. The Onça Preta Deposit mineralisation is a consistent tabular body of high-grade nickel sulphides and intense magnetite alteration set within a competent granite. Mineralisation comes to surface where it is identified as nickeliferous magnetite outcrops and boulders along a 250m long ridge coincident with a FLEM conductor plate and strong ground magnetic anomaly. | |
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