COBALT AND COPPER SYSTEM CONFIRMED AT RUNNING CREEK PROSPECT
- Much higher cobalt values reported from assays compared with pXRF field results (280%), including 5m @ 1604 ppm Co from 20m (18RAB123)
- Assays at Running Creek Prospect confirm copper from surface to the end of hole at 55 m, highlights;
- 55 m @ 0.78% Cu from 0 m (hole 18RAB102),
- including 33 m @ 1.08% Cu from 11 m,
- including 13 m @ 2.01% Cu from 11 m
- and 12 m @ 380 ppm Co from 22m
- This drill hole ends in mineralisation with the last metre assaying 0.37% Cu and 450 ppm Co
- New induced polarisation (IP) survey at Running Creek highlights a chargeable target beneath mineralisation
- A drilling program is currently being planned to test the Running Creek IP anomaly at the earliest possible opportunity
- The Running Creek copper-cobalt system has a much larger footprint than the Stanton Cobalt Deposit
Northern Cobalt is pleased to announce it has confirmed copper and cobalt mineralisation, with laboratory assays, identified in drilling and analysed by pXRF in an announcement to the market on the 9 October 2018. The best mineralisation was identified in drill hole 18RAB102 which contained a thick intersection of high-grade copper mineralisation with associated cobalt mineralisation.
DO YOU WANT TO GET THE FULL PICTURE? IN THIS VIDEO M.D. MIKE SCHWARZ RUNS THROUGH THE LATEST RESULTS IN MORE DETAIL.
“The identification of significant copper mineralisation in drilling, above an extensive IP chargeability target at Running Creek has opened up the potential for a significant new copper mineralised system only 1.8 km to the east of the Stanton Cobalt Deposit. We previously thought the system appeared to be dominated by copper mineralisation, but the new laboratory data has shown significant cobalt also occurs within the system. The project continues to show the extent of the mineralisation that runs through the Wollogorang Project.”
- Michael Schwarz (MD)