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Cobalt Blue Holdings Ltd.

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Summary

Project:

Thackaringa

Deposit:Railway, Pyrite Hill
Location:Australia
Commodities:Cobalt-Sulphur-Iron
Date:5/25/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Scoping Study
Report details:25-5-2017: Cobalt Blue Holdings Ltd. announces an Exploration/Drilling Update report for its Railway, Pyrite Hill deposit at the Thackaringa project. Drilling results incl. 84m @ 1013ppm Co, 15.6% Fe, 12.8% S from 19m. Cobalt Blue Limited (ASX:COB) is ple
Resources:(Resource, Inf.): 33.1Mt @ 833ppm Co at project
CP/QP:[Overall Report]: Anthony Johnston (Internal)
ABSTRACT:Cobalt Blue Limited (ASX:COB) is pleased to provide the final assays from its major 1H 2017 resource definition drilling program completed at Thackaringa, NSW. COB’s Chairman, Rob Biancardi, commented: “These latest assay results are extremely pleasing and confirm the continuity and tenor of cobalt-pyrite mineralisation over a combined 4.5 km of strike at Thackaringa. Completion of the assay component of the 1H 2017 drilling program should allow a significant resource upgrade to be released early June. COB remains pleased with the results of the drilling program and with the positive early indications of the metallurgical and scoping studies underway.” The current announcement summarises the last 7 diamond drill (DD) holes (for 785 metres total) and 14 reverse circulation (RC) holes (for 1,874 metres total) that were drilled into the Railway and Pyrite Hill deposits. The 1H 2 017 drilling program comprised fifty-two (52) drill holes completed for a total of 6,472 metres. The drilling program was designed to provide representative samples for metallurgical studies and to support a Mineral Resource upgrade across the three deposits; Railway, Pyrite Hill and Big Hill.

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