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Cervantes Corporation Ltd.
Summary
| Project: | Primrose | |
|---|---|---|
| Deposit: | Primrose | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-6-2018: Cervantes Corporation Ltd. announces an Exploration/Drilling Update report for its Primrose deposit at the Primrose project. Drilling results incl. 16.0m @ 0.37% Ni, 0.032% Co from 24.0m. Cervantes Corporation Limited (ASX:CVS) (Cervantes) has | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marcus Flis (Internal) | |
| ABSTRACT: | Cervantes Corporation Limited (ASX:CVS) (Cervantes) has assessed Rotary Air Blast geochemical data from the Primrose Project (Figure 1) collected by the previous tenement owners, European Lithium Limited. This drilling had been undertaken while that company was divesting the project area to Cervantes and has never been reported. A total of 113 holes for 1,404 metres was drilled. Four broad areas were covered, either in a semi random pattern or along lines. The Collar information is presented as Appendix 1 and hole locations summarised in Figure 2. The holes were predominantly drilled vertically, though a limited number were drilled at an incline. The Paynes Find Greenstone belt is described as primarily an arcuate sequence of ultramafic rocks younging westward to more acid volcanic and volcanoclastic rocks. These have been intruded by later stage east west oriented dykes and numerous thin pegmatites presumably related to post deposition granitic intrusion. The belt is bounded to the east by massive granite and has been folded and faulted. The extrusive model has generally been favoured in this area by previous explorers, making the basal contact of the local ultramafic units a clear target for exploration. Extensive, thick laterites are not well developed in the area, though they have not been definitively tested. However, local laterite development is seen. Moreover, it would be expected that nickel and cobalt anomalous laterite development would be seen above primary nickel sulphide mineralisation. The Primrose Project holds a number of mafics that are candidates for extrusive style nickel where nickel accumulates at the base of the flow. The primary exploration method for basal contact nickel mineralisation is aeromagnetic data supported by geochemical testing. | |
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