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Centaurus Metals Ltd.
Summary
| Project: | Jaguar | |
|---|---|---|
| Deposit: | Onca Rosa | |
| Location: | Brazil | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 2/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-2-2020: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Onca Rosa deposit at the Jaguar project. Drilling results incl. 9.35m @ 3.13% Ni, 0.10% Cu, 0.08% Co from 281.75m. Centaurus Metals (ASX Code: CTM) is pleased to anno | |
| 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 zone of high-grade semi-massive to massive nickel sulphides at the Onça Rosa Prospect, which forms part of its Jaguar Nickel Sulphide Project (“Jaguar” or the “Project”) in the Carajás Mineral Province of Northern Brazil. Recent drilling at Onça Rosa, which was designed to test for extensions of high-grade nickel sulphide mineralisation intersected historically at the prospect by Vale, has confirmed a significant down-dip extension of the mineralisation – elevating this area as a high-priority for ongoing exploration and future resource definition. This is the first systematic drilling by Centaurus outside of the current non-JORC mineral resource envelope at Jaguar, with the outstanding new results representing a significant development for the project. Centaurus’ Managing Director, Mr Darren Gordon, said the Onça Rosa Prospect was rapidly emerging as a potentially significant high-grade addition to the known deposits at Jaguar. “We are really excited by what we are seeing at Onça Rosa. Our new diamond hole, drilled to confirm the potential for a new discovery, has intersected a thick zone of high-grade mineralisation that correlates extremely well with the shallower intercept reported previously by Vale. The grades in the drilling here are some of the best we have seen on the property. We have now backed up the historical Vale intersection that returned 7.9m @ 5.27% Ni with an outstanding new intercept of 9.3m @ 3.13% Ni some 40m down-dip, confirming Onça Rosa as a new high-grade nickel sulphide discovery.” | |
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