Northern Cobalt has uncovered more high-grade, near surface, cobalt mineralisation at its Stanton deposit in the Northern Territory, with mineralisation remaining open in multiple directions.
The company has now received 48 assays out of a 70-reverse circulation (RC) drilling program across Stanton, which is part of the Wollogorang project.
Better intersections from the latest assay batch were 11m grading 0.29% cobalt including a 2m interval with 2.30% cobalt, and 9m grading 0.34% cobalt with a 1m interval of 2.33% cobalt, 0.45% copper and 1.01 nickel.
To date, 70 RC and 10 diamond core holes have been drilled at Stanton to upgrade the current JORC-compliant inferred mineral resource of 500,000 tonnes of 0.17% cobalt, 0.09% nickel and 0.11% copper. Northern Cobalt plans to use the samples for metallurgical studies and hopes they can be incorporated into an upcoming scoping study.
An updated inferred resource is scheduled for release by the end of March 2018, with a further resource upgrade to indicated status due by the end of June.
Source: AAP Medianet