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OreCorp Ltd.
Summary
| Project: | Akjoujt South | |
|---|---|---|
| Deposit: | Anomaly 5 | |
| Location: | Mauritania | |
| Commodities: | Nickel-Copper | |
| Date: | 4/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2018: OreCorp Ltd. announces an Exploration/Drilling Update report for its Anomaly 5 deposit at the Akjoujt South project. Drilling results incl. 41m @ 0.32% Ni, 0.25% Cu, 0.02% Co from 79.0m. OreCorp Limited (OreCorp or the Company) is pleased to an | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Holman (Internal) | |
| ABSTRACT: | OreCorp Limited (OreCorp or the Company) is pleased to announce further significant nickel-copper-cobalt mineralisation encountered within diamond (DD) and reverse circulation (RC) drilling at the highly prospective Akjoujt South Project (Project) in Mauritania. The drill program tested strong late time conductivity Electromagnetic (EM) anomalism defined by the Moving Loop Electromagnetic (MLEM) surveys at both the Anomaly 5 and Addawser Prospects, as well as two regional EM targets (ASX Release 17 January, 2018). The drill program comprised five DD and 15 RC holes to a maximum depth of 263m and a total meterage of 2,989m. Drilling at Anomaly 5 tested strike, the dip and plunge extensions of the thick zones of nickel-copper-cobalt mineralisation returned in the previous program completed in 2017 (eg. ASPDD012 63m @ 0.52% Ni, 0.31% Cu and 0.03% Co). Further significant mineralisation has been intercepted with better intercepts including:- Background The Akjoujt South Project comprises two granted licences (1415 and 1416) covering 460km2 and one application covering 136km2 in northwest Mauritania (Figure 1). Previous exploration at Anomaly 5 and Addawser has included mapping, soil sampling, trenching and ground magnetic, IP and MLEM geophysical surveys. A maiden drill program at Anomaly 5 comprising six DD holes (1,040m) was completed in 2016 and a follow-up drill program comprising nine DD holes (835m) was completed in June 2017. | |
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