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OreCorp Ltd.
Summary
| Project: | Akjoujt South | |
|---|---|---|
| Deposit: | Anomaly 5 | |
| Location: | Mauritania | |
| Commodities: | Nickel-Copper | |
| Date: | 8/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-8-2016: OreCorp Ltd. announces an Exploration/Drilling Update report for its Anomaly 5 deposit at the Akjoujt South project. Drilling results incl. 31m @ 0.31% Ni, 0.21% Cu from 11m. The Board of OreCorp Limited (OreCorp or the Company) is pleased to an | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jim Brigden (Internal) | |
| ABSTRACT: | The Board of OreCorp Limited (OreCorp or the Company) is pleased to announce the results from the reconnaissance diamond drilling program at the Akjoujt South Project in Mauritania. Significant nickel-copper mineralisation has been intersected at shallow depths over broad widths and significant strike length in four of the six holes drilled. The drilling was designed to test the coincident geochemical, trench and geophysical anomalism identified in previous campaigns. The Directors are greatly encouraged by these results. Follow-up work has already commenced and additional geophysics is being planned ahead of further drilling at this highly prospective project. The Akjoujt South Project comprises two granted licences (1415 and 1416) covering 460 km2 and one application covering 136km2 in northwest Mauritania (Figure 1). Previous exploration at Anomaly 5 included mapping, soil sampling, trenching and ground magnetic and IP geophysical surveys. Six angled reconnaissance diamond drill holes were completed for a total of 1,040m aimed at testing coincident geochemical, magnetic and IP chargeability anomalies. The reconnaissance diamond drilling at Anomaly 5 and Trench 9 Prospects has defined significant nickel-coppersulphide mineralisation in 4 of the 6 holes. Sympathetic cobalt and silver is also noted. The mineralisation is hosted within disseminated and semi massive to massive sulphide breccia zones associated with altered gabbro, mafic and orthogneiss country rock. The mineralisation comprises breccia and disseminated textured pyrrhotite (dominant), pentlandite and chalcopyrite primary mineralisation, with overlying gossan development and secondary nickel sulphide violarite. | |
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