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Northern Cobalt Ltd.

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Summary

Project:

Wollogorang

Deposit:Running Creek
Location:Australia
Commodities:Cobalt-Nickel-Copper
Date:10/19/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-10-2018: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Running Creek deposit at the Wollogorang project. pXRF analysis on RC chips results incl. 12m @ 0.079% Co from 14m. Running Creek Prospect Northern Cobalt Limited (AS
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 cobalt mineralisation over a large area at the Running Creek Prospect, located approximately 1.8 km east of the Stanton Cobalt Deposit, Northern Territory (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 a series of north-east trending structures has linked the individual mineral systems and led to the identification of higher-grade cobalt mineralisation in the western part of the prospect and a significant copper intersection in drill hole. “The development of a new geological model for controls on mineralisation at Running Creek continues to deliver results for both cobalt and copper. With an Induced Polarisation Survey underway at the Running Creek and GregJo Prospects we hope to add cobalt and copper resources in addition to those at the Stanton Deposit. The success at Running Creek and GregJo confirms the potential for the Wollogorang Project”, Michael Schwarz (MD)

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