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Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Stanton | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 12/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-12-2017: Northern Cobalt Ltd. announces an Exploration/Drilling Update report for its Stanton deposit at the Wollogorang project. Drilling results incl. 11m @ 0.29% Co from 1m. Stanton Cobalt Resource drilling extends mineralisation, remains open in mul | |
| Resources: | (Resource, Inf.): 500Kt @ 0.17% Co, 0.09% Ni, 0.11% Cu at project | |
| CP/QP: | [Overall Report]: Michael Schwarz (Internal) | |
| ABSTRACT: | Stanton Cobalt Resource drilling extends mineralisation, remains open in multiple directions. Assays received for 48 of 70 RC holes drilled on the Stanton Cobalt resource. A total of 137 holes have been completed to date across the Stanton Deposit and surrounding Wollogorang Project for a total of 11,856m over the last 8 weeks. Assay results to continue in batches until early February, ahead of resource update expected in March quarter. Northern Cobalt has to date drilled 70 RC and 10 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, and obtain material for metallurgy studies and potential use in scoping studies. | |
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