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Centaurus Metals Ltd.
Summary
| Project: | Serra Miseriosa | |
|---|---|---|
| Deposit: | Serra Miseriosa | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-9-2017: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Serra Miseriosa deposit at the Serra Miseriosa project. Drilling results incl. 28.5m @ 0.14g/t Au from 0m. Centaurus Metals (ASX Code: CTM) is pleased to advise that i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to advise that it has completed the initial phase of diamond drilling at the Serra Misteriosa Gold Project in northern Brazil. While a number of assays are still awaited, the Company has decided to suspend drilling for the time being while it undertakes a detailed review of the results to date before moving on with the next round of exploration. This decision has the dual benefit of allowing the Company to refine its exploration targeting approach before drilling re‐commences while at the same time freeing up its exploration field team to mobilise to the highly prospective Salobo West Copper‐Gold Project, where it recently secured the grant of a key environmental licence, ahead of schedule. Results from the drilling to date continue to indicate the presence of a large, shear‐hosted hydrothermal system at Serra Misteriosa with drilling intersecting multiple zones of weak gold mineralisation along a strike length of + 1.6km. The Company is encouraged by these initial results and will now undertake a detailed structural geology review to determine structural controls on the mineralisation ahead of the next phase of exploration. While this review is being undertaken, the majority of the field team will mobilise to Salobo West, which is located in the Carajás Mineral Province, less than 150km to the south of Serra Misteriosa. The early mobilisation will allow the Company to maximise the field time available before the annual wet season, which starts towards the end of the year. | |
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