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Cobalt Blue Holdings Ltd.

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Summary

Project:

Thackaringa

Deposit:Railway, Pyrite Hill, Big Hill
Location:Australia
Commodities:Cobalt-Sulphur-Iron
Date:1/24/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Scoping Study
Report details:24-1-2018: Cobalt Blue Holdings Ltd. announces an Exploration/Drilling Update report for its Railway, Pyrite Hill, Big Hill deposit at the Thackaringa project. Drilling results incl. 99m @ 1,185ppm Co, 10.7% S, 10.0% Fe from 32m. Cobalt Blue Holdings Limi
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Anthony Johnston (Internal)
ABSTRACT:Cobalt Blue Holdings Limited (ASX: COB) is pleased to provide the final assays from its major 2H 2017 resource definition drilling program at the Thackaringa Cobalt Project NSW The results demonstrate strong continuity along both strike and down dip at the Railway, Pyrite Hill and Big Hill deposits. a Assay results are being incorporated into geological models in preparation for a Resource Upgrade (expected by end February). a The 2H 2017 drilling program totaled 74 holes; 16 Diamond Drill (DD) holes and 55 Reverse Circulation (RC) drill holes and 3 RC holes with DD tails for a total 12,458.7 metres. The program is designed to upgrade to Indicated Resource, expand the overall resource base, provide comprehensive geotechnical information and provide sample for additional metallurgical testing.

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