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Estrella Resources Ltd.
Summary
| Project: | Scotia East | |
|---|---|---|
| Deposit: | Scotia East | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 3/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-3-2018: Estrella Resources Ltd. announces an Exploration/Drilling Update report for its Scotia East deposit at the Scotia East project. Drilling results incl. 11m @ 1574ppm Co, 5311ppm Ni from 3m. Estrella Resources Limited (ASX: ESR) (Estrella or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Luke Marshall (Apollo Phoenix Resources Pty Ltd.) | |
| ABSTRACT: | Estrella Resources Limited (ASX: ESR) (Estrella or the Company) is pleased to provide shareholders with exploration results obtained in recent reconnaissance drilling at Scotia East, 40km east of Ardea Resources Limited (ASX:ARL) major Goongarrie Ni/Co Project north of Kalgoorlie, Western Australia. RECONAISSANCE RC PROGRAM Three vertical 30m deep holes were drilled on an east-west cross section at Scotia East to test a high-grade cobalt occurrence identified in the Company’s digital database. All three holes intersected strong cobalt mineralisation almost exactly as predicted. Cobalt is hosted in a saprolitic clay horizon developed over an ultramafic package, similar in style to other projects in the region. However, Scotia East may have key advantages due to its very shallow depth, starting at just 2m below surface, its high grade, up to 0.4% Co, and its consistently high cobalt to nickel ratio. Mineralisation is developed over a NNE striking ultramafic belt approximately 2.6 km in length, with a gabbro package to the east and a granite (or possibly leucogabbro) to the west. This represents a large target area for follow-up drilling. | |
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