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Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Gregjo | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 9/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2018: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Gregjo deposit at the Wollogorang project. pXRF analysis on RC chips results incl. 18m @ 0.5% Cu from 1m. Northern Cobalt Limited (ASX: N27) is pleased to announce it | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Schwarz (Internal) | |
| ABSTRACT: | Northern Cobalt Limited (ASX: N27) is pleased to announce it has increased the extent of known copper mineralisation associated with the GregJo Fault, located approximately 4 km south of the Stanton Cobalt Deposit (Figure 1). The mineralised envelope now extends more than 400m along strike of the GregJo Fault and for up to 120m across strike. Drilling continues to intersect thick intervals of copper mineralisation of 9m20m @ 0.2%-0.5% Cu which includes higher grade intervals of 1-4m @ between 1% and 5% Cu. Drilling will continue to test the lateral extents of mineralisation over the coming weeks. Outcropping copper mineralisation has been mapped to the north-west of the current drilling, indicating that mineralisation is also open in this direction. “The maiden discovery of the GregJo Copper prospect, proves the Wollogorang Project is mineralised beyond the Stanton Cobalt Deposit and we have only just begun testing the extensive prospective rocks; furthermore this discovery fits with the company’s strategy of adding resources close to our existing deposit as the company seeks to build multiple assets to support the battery and new technology metals industries insatiable demand for Co, Li, Cu, Ni and REE”. Michael Schwarz (MD). | |
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