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Cobalt Blue Holdings Ltd.
Summary
| Project: | Thackaringa | |
|---|---|---|
| Deposit: | Railway | |
| Location: | Australia | |
| Commodities: | Cobalt-Sulphur-Iron | |
| Date: | 12/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 4-12-2017: Cobalt Blue Holdings Ltd. announces an Exploration/Drilling Update report for its Railway deposit at the Thackaringa project. Drilling results incl. 113m @ 830ppm Co, 7.3% S, 7.8% Fe from 104m. Cobalt Blue Holdings (ASX: COB) is pleased to prov | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Anthony Johnston (Internal) | |
| ABSTRACT: | Cobalt Blue Holdings (ASX: COB) is pleased to provide initial assays from its major 2H 2017 resource definition drilling program underway at the Thackaringa Cobalt Project NSW. The results demonstrate strong continuity of cobalt mineralisation along both strike and down dip of the previous drilling at Railway. The assays boost the potential for significant enhancement of Mineral Resource supporting the transition from an Inferred to an Indicated Resource, in line with COB’s parallel Pre Feasibility Study (PFS). The 2017 drill results are currently being compiled into an upgraded resource estimate, which is scheduled for release in by 1 April 2018 Cobalt Blue’s Chairman, Rob Biancardi commented: “The work continues to add substantially to our geological understanding of Thackaringa, with its significant combined strike length of 4.5 kilometres and widths varying from 25 to 100 metres. We look forward to the Indicated Resource upgrade to be released by 1 April 2018. The 2H 2017 drilling program comprises a planned seventy-five (75) drill holes including sixteen (16) diamond (DD) holes and fifty-nine (59) RC holes, with 48 holes planned for the Railway deposit, 18 holes planned at Pyrite Hill and 9 holes planned for Big Hill. The program is 70% complete (9,200 metres drilled to date) and is expected to be finished by late December. | |
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