For thousands of other reports visit RSC's Mineral Intellingence Map
Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Stanton | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 11/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2017: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Stanton deposit at the Wollogorang project. Drilling results incl. 20m @ 0.31% Co from 27m. Northern Cobalt has to date drilled 57 RC and seven (7) diamond core holes | |
| 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 seven (7) diamond core holes on our existing Stanton Cobalt resource, aiming to upgrade the existing inferred mineral resource of 500,000 tonnes of 0.17% Co, 0.09% Ni, 0.11% Cu to indicated category and obtain material for metallurgy studies and potential use in scoping studies. Assays received for first 24 drill holes of 57 RC holes drilled on the Stanton Cobalt resource. A total of 112 holes completed to date across the Stanton Deposit and the surrounding Wollogorang Project, with drilling ongoing Significantly the latest drilling shows the mineralisation remains open to the south, in an area previously thought to be closed off at the sediment hosted Stanton Cobalt Deposit Highlights include 20 metres at 0.31% cobalt (Co), 15 metres at 0.21% Co and multiple shallow individual metre grades of 1.10% Co Assay results to continue in batches until early February and resource upgrade expected Q1 2018 The occurrence of mineralisation extending to the south of the existing sediment hosted Stanton Cobalt Deposit is very encouraging and the higher than expected assay results from within the existing resource envelopes bodes well for Northern Cobalt’s investors”, Mike Schwarz, Managing Director. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report