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Cobalt Blue Holdings Ltd.
Summary
| Project: | Thackaringa | |
|---|---|---|
| Deposit: | Pyrite Hill | |
| Location: | Australia | |
| Commodities: | Cobalt-Sulphur-Iron | |
| Date: | 2/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-2-2019: Cobalt Blue Holdings Ltd. announces an Exploration/Drilling Update report for its Pyrite Hill deposit at the Thackaringa project. Drilling results incl. 92m @ 1253ppm Co, 12.1% Fe, 12.5% S from 45m. With the recent cessation of drilling, COB is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Buckley (Left Field Geoscience Services) | |
| ABSTRACT: | With the recent cessation of drilling, COB is pleased to announce results which will further support an updated Mineral Resource estimate. In addition, COB is continuing to advance current work programs including further bulk test work, optimisation of power studies, tailings studies, project mining, environmental and engineering studies. Drilling Results Targeting Improved Mineral Resource Classification – Infill Drilling The recent campaign targeted definition of a component of Measured Mineral Resources through enhancement of geological confidence and data density by infill drilling. The infill program focussed on the upper extent of the Pyrite Hill deposit which extends over 1.2km along strike and is currently drill tested as continuing to (approximately) 300m down dip. The positive results of the program reinforced the validity of the existing geological model. At the north-western extent of Pyrite Hill the mineralised domain is generally undeformed and dips at approximately 50° to the northeast. Significant intersections from infill drilling of this section of the deposit are summarised in Table 1. | |
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