For thousands of other reports visit RSC's Mineral Intellingence Map
Cobalt Blue Holdings Ltd.
Summary
| Project: | Thackaringa | |
|---|---|---|
| Deposit: | Railway, Pyrite Hill, Big Hill | |
| Location: | Australia | |
| Commodities: | Cobalt | |
| Date: | 3/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-3-2017: 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. 42m @ 1615ppm Co from 28m. Cobalt Blue Holdings Limited (ASX:COB) (“COB” | |
| Resources: | (Resource, Inf.): 33.1Mt @ 833ppm Co at project | |
| CP/QP: | [Overall Report]: Anthony Johnston (Internal) | |
| ABSTRACT: | Cobalt Blue Holdings Limited (ASX:COB) (“COB” or the “Company”) is pleased to report significant and encouraging cobalt assays from the drilling program commenced in November 2016 at the Thackaringa project near Broken Hill, NSW. The results reinforce the substantial cobalt and pyrite development opportunity at Thackaringa. Drilling was commenced by Broken Hill Prospecting Limited (ASX:BPL) which retains a participating interest in the project. The Thackaringa project is located within the Broken Hill Block of the Curnamona Province and is composed of Willyama Supergroup high grade regional metamorphic gneisses, schists and amphibolites. Within the project area the local geology is dominated by quartz-albite-biotite gneiss, quartz-albite gneiss, and amphibolite dykes. The extensive stratabound cobalt-pyrite mineralisation at each prospect (Pyrite Hill, Big Hill and Railway) is hosted by quartz-albite gneiss. Mineralisation at the three prospects has a combined strike length of 4.5 kilometres with widths varying from 25 metres to 100 metres. The increased thickness is typically due to the extensive development of tight isoclinal folding within the pyritic horizon. The 2016 drilling program comprised eight fully-cored diamond drill holes at three locations - Pyrite Hill, Big Hill and Railway (Figure 1). The work was undertaken primarily to provide sufficient material to undertake meaningful metallurgical test work. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report