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Centaurus Metals Ltd.

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Summary

Project:

Pebas

Deposit:Pebas
Location:Brazil
Commodities:Copper-Gold-Silver
Date:11/7/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:7-11-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Pebas deposit at the Pebas project. Drilling results incl. 32.0m @ 0.53% Cu, 0.01g/t Au from 0m. Centaurus’ maiden RC program focused on potential high‐grade fault‐re
Resources:x
CP/QP:[Overall Report]: Roger Fitzhardinge (Internal)
ABSTRACT:Centaurus’ maiden RC program focused on potential high‐grade fault‐related IOCG targets at Pebas that are analogous to the nearby Antas Norte Copper‐Gold Mine, located 25km to the south and operated by ASX‐100 mining company Oz Minerals (ASX: OZL). Drilling intersected the copper‐sulphide mineralisation locally as stringer veins but predominantly as disseminations of chalcopyrite within strongly altered host rocks comprised of garnet‐chlorite‐magnetite‐ grunerite schists, interpreted to be originally metasediments. This alteration style is typical of a number of IOCG deposits in the region (e.g., Salobo and Furnas). Figure 1 shows the location of the highlighted intersections and Tables 1 and 2 include the full set of RC and historical results from the Pebas Project Centaurus Metals (ASX Code: CTM) is pleased to provide an update on exploration activities at its Pebas Copper‐ Gold Project and Salobo West Copper‐Gold Project, both located in the world‐class Carajás Mineral Province of northern Brazil, following the receipt of assay results from the Company’s maiden Reverse Circulation (RC) drilling program at Pebas and the re‐commencement of field exploration activities at Salobo West. The Pebas Project contains four targets (see Figure 1), set within the highly prospective Itacaiúnas Supergroup, which hosts all IOCG deposits within the Carajás Mineral Province.

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