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Centaurus Metals Ltd.
Summary
| Project: | Serra Miseriosa | |
|---|---|---|
| Deposit: | Serra Miseriosa | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 7/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-7-2017: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Serra Miseriosa deposit at the Serra Miseriosa project. Drilling results incl. 6m @ 0.66g/t Au from 84m. Centaurus Metals (ASX Code: CTM) is pleased to advise that its | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Fitzhardinge (Internal) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to advise that its recently commenced diamond drilling program at the highly prospective Serra Misteriosa Gold Project in northern Brazil is now gathering momentum with the first three holes completed and a fourth set to commence in the centre of the main anomaly. Drilling to date indicates the presence of a large, shear‐hosted hydrothermal system with potential for significant gold mineralisation. These holes are the first of a program that will comprise ~3,500m of diamond drilling and will test a number of excellent coincident geochemical and geophysical targets to depths of 300m below surface. Drilling commenced on Section 2000, which is at the eastern limit of the main 2.0km long +100ppb gold‐in‐ soils anomaly (see Figure 1). The three drill holes on this section, which were drilled first for ease of access, have intersected multiple hydrothermal breccia zones with intense quartz veining and sulphide mineralisation (pyrite and arsenopyrite) throughout (see Figures 2 and 3). Carbonate and sericite alteration zones were also present locally. The structures have been identified across all drill holes and are dipping steeply to the north at the contacts of the diorite intrusive with the meta‐ sedimentary sequence (chlorite/biotite schists and quartzites). Initial results are encouraging, confirming the presence of a large hydrothermal system within a significant shear zone as well as improving the geological and structural understanding of the project area. | |
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