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Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Gregjo | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 1/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2019: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Gregjo deposit at the Wollogorang project. Drilling results incl. 20.0m @ 0.72% Cu from 1m. Northern Cobalt Limited (ASX: N27) is pleased to announce it has identified | |
| 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 identified a significant IP chargeability anomaly beneath the previously identified copper mineralisation at the Gregjo Prospect in the Northern Territory, Australia. Recently received laboratory results confirm copper mineralisation along the Gregjo Fault with at least five (5) drill holes along the fault intersecting mineralisation over 1% Cu along a distance of >300m (Figure 4). Mineralisation at the Gregjo Prospect, located approximately 3.4 km south of the Stanton Cobalt Deposit, is associated with a north-west trending structure (Figure 1). The Gregjo Prospect was originally identified by CRA in the 1990’s, as a surface geochemical anomaly with minor copper mineralisation, with limited extent. Reinterpretation of the main controls of mineralisation by Northern Cobalt along north-west trending structures and subsequent drill testing in 2018, has identified the source of the copper mineralisation causing the surface geochemical anomaly. Following the drilling an IP survey was undertaken across the Gregjo Prospect to define possible depth extensions to copper mineralisation (Figure 2). The results of the IP survey identified a large chargeable feature beneath the | |
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