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Collerina Cobalt Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Silver | |
| Date: | 8/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2017: Collerina Cobalt Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 42m @ 7.99g/t Al, 0.07% Co, 0.56% Ni from 0m. Exploration activities to date have successfully focus | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Corey (Internal) | |
| ABSTRACT: | Exploration activities to date have successfully focused on the definition of a nickel resource. The objectives of this program were to confirm the continuity of enriched cobalt mineralisation hosted within a shallow oxide zone in the Homeville prospect area and test the potential for additional cobalt mineralisation within undrilled extensions of the Homeville and Yathella prospect high magnetic trends. Thirty‐eight holes were completed to an average depth of 60 metres for a total of 1,726 metres. Assays have been received for 34 of the 38 holes. Drill hole 35 and holes 36‐38 located adjacent to the Yathella prospect area are currently being sampled. Previous drilling in 2010 intersected significant cobalt mineralisation within the Homeville deposit area over approximately 1.5 kilometres in length. The results as shown also indicate the occurrence of discrete shallow zones of very high‐grade cobalt mineralisation, the occurrence of which has positive implications for future resource modelling. Further drilling is warranted to follow up the high grade intervals encountered in the current drilling program. | |
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