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Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Stanton | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 7/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2018: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Stanton deposit at the Wollogorang project. Drilling results incl. 1m @ 280ppm Co, 60ppm Cu from 1m. Wollogorang Cobalt Drilling Program Northern Cobalt Limited (ASX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Schwarz (Internal) | |
| ABSTRACT: | Wollogorang Cobalt Drilling Program Northern Cobalt Limited (ASX: N27) is pleased to announce that ongoing drilling has confirmed significant new cobalt mineralised targets in the results from the first pass drilling campaign. The company has been testing drill targets consisting of magnetic lows similar to that underlying the Stanton Cobalt Deposit. This exploration method has been encouraging, with approximately 17%, or 53 of the 320 drill holes analysed so far intersecting cobalt mineralisation in excess of 100ppm which is comparable to similar samples taken over the Stanton Cobalt Deposit. Deeper follow up drilling to test these targets will commence in two weeks. “These new drill results are a strong step towards our strategy of adding additional resource tonnes near our existing Stanton Cobalt Deposit”, Managing Director, Michael Schwarz. | |
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