DRILLING OF HIGH PRIORITY TARGETS HAS COMMENCED AT THE WOLLOGORANG PROJECT
Drilling of 21 high priority cobalt targets has commenced at the Wollogorang Cobalt Project
Targets generated from first-pass shallow reconnaissance drilling of over 970 drill holes
Targets consist of a magnetic low with anomalous cobalt close to surface, analogous to the Stanton Cobalt Deposit
~250 drill holes planned to test targets to 20m-40m with drilling to continue until the end of the dry season
Northern Cobalt is pleased to announce it has commenced drilling of 21 high priority drill targets generated from its recently completed shallow aircore drilling program. These high priority drill targets have been generated from a systematic shallow drilling program, of 973 aircore drill holes, testing for anomalous cobalt near surface over magnetic lows. Of the 75 magnetic features tested, 21 have significant cobalt anomalism (>100 ppm Co) near surface. This is analogous to the Stanton Cobalt Deposit which has an average of 147 ppm Co (in lag sampling) at surface where it outcrops (refer ASX Announcement 7th August 2018).
“We are entering an exciting phase of our 2018 exploration program. We have undertaken a rigorous and thorough approach to defining the best drill targets near the existing Stanton Cobalt Deposit. In the coming weeks and months, we hope to have this hard work pay off in the form of new Stanton style cobalt discoveries from deeper drill testing of these targets”,
- Michael Schwarz (MD).
Want to know more about our 2018 drilling program and how we have developed our new targets?
Then catch up on all the details with this recent 20 minute Webinar with Managing Director Mike Schwarz.