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Renascor Resources Ltd.
Summary
| Project: | Olary | |
|---|---|---|
| Deposit: | Shorts Dam | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper | |
| Date: | 4/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-4-2018: Renascor Resources Ltd. announces an Exploration/Drilling Update report for its Shorts Dam deposit at the Olary project. Drilling results incl. 4m @ 425ppm Cu, 307ppm Co from 0m. Renascor Resources (ASX: RNU) is pleased to announce the identifi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: G.W McConachy (Internal) | |
| ABSTRACT: | Renascor Resources (ASX: RNU) is pleased to announce the identification of additional cobalt target zones within the Shorts Dam prospect at its 100%-owned Olary Project. These target zones at Shorts Dam are in addition to the cobalt targets at Shorts Dam previously announced in November 2017. See Renascor ASX announcement dated 27 November 2017. Background Renascor’s 100%-owned Olary Project is located in eastern South Australia, approximately 100km west of Broken Hill. The project tenements are located proximate to Cobalt Blue’s (ASX: COB) Thackaringa cobalt deposit near the Barrier Highway between Adelaide and Broken Hill. Additional nearby deposits include Havilah's (ASX: HAV) Mutooroo copper-cobalt deposit and Kalkaroo copper-cobalt-gold project. See Figure 1 (previous page). Significantly, the nearby Thackaringa Project being progressed by Cobalt Blue is widely recognised as a pure play, high-grade cobalt project, and one of the largest undeveloped resources in the world. In 2011, Renascor undertook extensive multi-element geochemical sampling over areas of major interpreted structures within the project area. Renascor followed this with a program of reverse circulation drilling over several gold targets. In light of the robust outlook for the cobalt price, Renascor undertook a review of exploration data over the project area and identified multiple prospective cobalt targets, including significant cobalt targets within the Shorts Dam area | |
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