COPPER INTERSECTION CONFIRMS NEW MODEL AT RUNNING CREEK PROSPECT

• Latest intercept from the Running Creek Prospect reports copper from surface to the end of hole at 55m, highlights; 
  •  55m @ 0.72% Cu from 0m (hole 18RAB102, pXRF), including

  • 33m @ 1.0% Cu from 11m, and

  • 7m @ 2.1% Cu from 18m

• Copper mineralisation now intersected over 400m along a newly interpreted north-east structure. Drilling will continue to target high grade copper mineralisation along the structure

• Positively sulphide mineralisation has been identified at depth in most holes.

• A geophysics survey (Induced Polarisation), currently in preparation, will assist in targeting the sulphides and subsequent deeper drilling

Northern Cobalt is pleased to announce it has confirmed a new geological model for copper mineralisation associated with a north-east trending structure at the Running Creek Prospect, located approximately 1.8 km east of the Stanton Cobalt Deposit. The Running Creek Prospect was originally identified by CRA in the 1990’s as a group of small, individual copper and cobalt mineralised systems with limited extent. Reinterpretation of the main controls of mineralisation by Northern Cobalt along a north-east trending structure has linked the individual mineral systems and led to the outstanding copper intersection in drill hole 18RAB102. Drilling will continue to test the lateral extents of mineralisation over the coming weeks.

 “The development of a new geological model on mineralisation at Running Creek has opened up a significant new copper mineralised system only 1.8 km to the east of the Stanton Cobalt Deposit. While the system appears to be dominated by copper mineralisation, it also contains significant cobalt creditsand continues to show the extent of the mineralisation that runsthrough the Wollogorang Project.”

Michael Schwarz (MD)

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