COBALT SYSTEM DEVELOPING AT RUNNING CREEK PROSPECT

N27 IC ASX AIRCORE DRILL 18AC0284 WEB

 

EXECUTIVE SUMMARY 

  • Latest intercept from the Running Creek Prospect reports higher grade cobalt mineralisation in the western part of the prospect, highlights;

    Best Co intersection includes (pXRF)

    • 8m @ 0.1% Co (18RAB106) including 4m @ 0.15% Co

    • 1m @ 0.24% Co (18RAB108)

    • 2m @ 0.12% Co (18RAB109)

  • Cobalt mineralisation now intersected over a large area (400m x 500m)

  • Induced Polarisation survey to commence this weekend to identify further copper and cobalt mineralisation

 

"The development of a new geological model for controls on mineralisation at Running Creek continues to deliver results for both cobalt and copper. With an Induced Polarisation Survey underway at the Running Creek and GregJo Prospects we hope to add cobalt and copper resources in addition to those at the Stanton Deposit. The success at Running Creek and GregJo confirms the potential for the Wollogorang Project”,
Michael Schwarz (MD)

 

Northern Cobalt is pleased to announce it has confirmed cobalt mineralisation over a large area at the Running Creek Prospect, located approximately 1.8 km east of the Stanton Cobalt Deposit, Northern Territory. The Running Creek Prospect was originally identified by CRA in the 1990’s asa group of small, individual copper and cobalt mineralised systems with limited extent. Reinterpretation of the main controls of mineralisation by Northern Cobalt along a series of north-east trending structures has linked the individual mineral systems and led to the identification of higher-grade cobalt mineralisation in the western part of the prospect and a significant copper intersection in drill hole:

  • 55m @ 0.72% Cu from 0m (hole 18RAB102, pXRF), including:

    • 33m @ 1.0% Cu from 11m, and

    • 7m @ 2.1% Cu from 18m

 (ASX release 9 October 2018, Copper Intersection Confirms New Model at Running Creek)

 

READ THE FULL ASX RELEASE HERE

 

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