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Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Running Creek | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 12/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2018: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Running Creek deposit at the Wollogorang project. Drilling results incl. 55.0m @ 0.78% Cu from 0m. Running Creek Prospect Northern Cobalt Limited (ASX: N27) is please | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Schwarz (Internal) | |
| ABSTRACT: | Running Creek Prospect Northern Cobalt Limited (ASX: N27) is pleased to announce it has confirmed copper and cobalt mineralisation, with laboratory assays, identified in drilling and analysed by pXRF in an announcement to the market on the 9 October 2018. The best mineralisation was identified in drill hole 18RAB102 which contained a thick intersection of high-grade copper mineralisation with associated cobalt mineralisation. “The identification of significant copper mineralisation in drilling, above an extensive IP chargeability target at Running Creek has opened up the potential for a significant new copper mineralised system only 1.8 km to the east of the Stanton Cobalt Deposit. We previously thought the system appeared to be dominated by copper mineralisation, but the new laboratory data has shown significant. Mineralisation is associated with north-east trending structures at the Running Creek Prospect, located approximately 1.8 km east of the Stanton Cobalt Deposit (Figure 1). The Running Creek Prospect was originally identified by CRA in the 1990’s as a group of small, individual copper and cobalt mineralised systems with limited extent. Reinterpretation of the main controls of mineralisation by Northern Cobalt along north-east trending structures has linked the individual mineral systems and led to the exciting copper intersection in drill hole 18RAB102 and cobalt intersections throughout the project area (Figure 2). An IP survey, recently undertaken by Northern Cobalt across the Running Creek Prospect has identified a large chargeable feature beneath the currently identified mineralisation (Figure 3). Northern Cobalt interprets this feature to represent an extension of high-grade copper-cobalt mineralisation at depth. A drilling program is being planned to test this feature at the earliest possible opportunity. The company is considering using a helicopter supported diamond drill rig during the oncoming wet season since the camp and other infrastructure required are still in place from the current drill program. | |
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