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Collerina Cobalt Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Scandium | |
| Date: | 6/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-6-2018: Collerina Cobalt Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 32m @ 0.26% Co, 0.52% Ni, 96ppm Sc from 4m. The Directors of Collerina Cobalt Limited (‘Collerina’ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rimas Kairaitis (Internal) | |
| ABSTRACT: | The Directors of Collerina Cobalt Limited (‘Collerina’ or ‘the Company’) are pleased to announce that assay results for the exploration drill program on the Collerina Project in central NSW, have now been received. The program consisted of 42 vertical aircore holes for a total of 1,668 metres drilled. Drill hole collar information is included as Appendix 1, and drill hole cross-sections as Appendix 2. The drilling was designed as a series of reconnaissance drill traverses to test a number of aeromagmetic highs within a broad NW trending structural zone, located approximately 10 kilometres north of the Homeville nickel-cobalt-HPA deposit. The drilling was targeting high grade nickel-cobalt mineralisation in laterite profiles. Results have confirmed the discovery of highcobalt tenor, nickel-cobalt laterite mineralisation beneath shallow alluvial cover on the C1 anomaly. Drilling over the C1 anomaly identified an ultramafic basement high, with deep, well-developed laterite profiles on the northern and southern ends of the drill traverse (Appendix 2). Assay results confirmed high-tenor cobalt mineralisation within the laterite profile that remain open. No other anomalies tested returned significant results. A re-interpretation of the C1 area aero-magnetics (Figure 2) indicates both C1 drill traverses intersected the flanks of target magnetic high and that considerable scope exists to extend the wide, high-grade mineralisation intersected in holes CLAC012 and CLAC013 to the north, east and west. | |
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