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Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Stanton | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 11/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-11-2017: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Stanton deposit at the Wollogorang project. Drilling results incl. 37m @ 0.278% Co from 25m. Northern Cobalt has to date drilled 57 RC and 4 diamond core holes on our | |
| Resources: | (Resource, Inf.): 500Kt @ 0.17% Co, 0.09% Ni, 0.11% Cu at project | |
| CP/QP: | [Overall Report]: Michael Schwarz (Internal) | |
| ABSTRACT: | Northern Cobalt has to date drilled 57 RC and 4 diamond core holes on our existing Stanton Cobalt resource, aiming to upgrade the existing inferred resource of 500,000 tonnes of 0.17% Co, 0.09% Ni, 0.11% Cu to indicated and obtain material for metallurgy studies and potential use in scoping studies. We are pleased to present the first drilling results for Northern Cobalt as a company; and even more pleased that this initial set of five drill hole results are equal to or better than expected from nearby historic drilling at our Wollogorang Cobalt Project in the Northern For personal use only Territory. Further results to come as received from the laboratory, with drilling ongoing. Northern Cobalt has to date drilled 63 RC and 4 diamond core holes on our existing Stanton Cobalt resource. The following diagrams show the locations of the first five (5) drill holes for which assays have been received. The cross sections show the geological context for the assayed drill holes and comparisons with historical drilling undertaken by CRA. The Wollogorang Cobalt Project occurs in the far north-eastern corner of the Northern Territory, a mining friendly jurisdiction. The Project area is 180 km to the south-east of the population centre of Borroloola. The capital city of Darwin is 870 km to the north-west and the McArthur River Mine is approximately 150 km to the west-northwest. | |
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