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OreCorp Ltd.
Summary
| Project: | Akjoujt South | |
|---|---|---|
| Deposit: | Anomaly 5 | |
| Location: | Mauritania | |
| Commodities: | Nickel-Copper | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2017: OreCorp Ltd. announces an Exploration/Drilling Update report for its Anomaly 5 deposit at the Akjoujt South project. Drilling results incl. 63.0m @ 0.52% Ni, 0.31% Cu from 32.0m. The Board of OreCorp Limited (OreCorp or the Company) is pleased | |
| 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 second diamond drilling program at the Akjoujt South Project (Project) in Mauritania. Significant nickel-copper mineralisation has been intersected at shallow depths over broad widths, confirming the discovery of an extensive nickel-copper mineralised system. The current drilling was designed to test two MLEM conductor plates modelled from the recent survey and as follow-up to the 2016 drill campaign. Further work has already commenced with additional drilling, MLEM and downhole EM geophysics planned to begin shortly on this highly prospective Project. Previous exploration at Anomaly 5 has included mapping, soil sampling, trenching and ground magnetic, IP and MLEM geophysical surveys. A maiden drill program comprising six diamond drill holes (1,040m) was completed in 2016 with significant nickel-copper mineralised intercepts returned from several holes (refer ASX release dated 2 August 2016). New satellite imaging identifies potential gossan outcrop 250m to the north of current drilling, associated with coincident nickel, copper and cobalt in soil anomalism. This adds potential strike and requires follow up. A second, sub-parallel zone of mineralisation, over 600m in strike length remains untested, other than for two historical trenches and diamond drill hole ASPD4 (see Figure 1). Nine angled reconnaissance diamond drill holes were completed for a total of 835m. These tested two MLEM conductor plates modelled from the recent survey (refer ASX release dated 24 March 2017) and as a follow-up to the initial six hole program completed in 2016 which tested coincident geochemical, magnetic and IP / resistivity anomalies. | |
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