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Cobalt Blue Holdings Ltd.
Summary
| Project: | Thackaringa | |
|---|---|---|
| Deposit: | Thackaringa | |
| Location: | Australia | |
| Commodities: | Cobalt-Sulphur-Iron | |
| Date: | 12/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-12-2018: Cobalt Blue Holdings Ltd. announces an Exploration/Drilling Update report for its Thackaringa deposit at the Thackaringa project. Drilling results incl. 68m @ 1218ppm Co, 13.4% Fe, 13.4% S. Thus far, the current drilling program has focused on | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Buckley (Left Field Geoscience Services) | |
| ABSTRACT: | Thus far, the current drilling program has focused on the Pyrite Hill deposit which represents 36% of the existing Mineral Resource tonnage and approximately 39% of contained cobalt inventory (Refer to Table 1 for complete Mineral Resource summary). A versatile drilling fleet comprising two diamond and two RC drill rigs has been deployed to service program objectives. Diamond drilling assays received to date reflect intersections from shallow drill holes directly targeting the oxidation zone. The intersections comprise variable zones of sulphide mineralisation intercalated with localised oxidation which is characterised by partial sulphide/cobalt depletion. It is important to note, that this material was excluded from the March 2018 Mineral Resource estimate. Core samples from the current campaign will be retained for metallurgical testwork, to determine if cobalt can be recovered from this type of oxidised material. Significant, shallow intersections from these drill holes include: | |
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