NEW DRILLING RESULTS FROM THE WOLLOGORANG COBALT PROJECT
EXECUTIVE SUMMARY
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Assays received for 623 of 919 reconnaissance shallow air core drill holes completed this season
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Positively 128 of 623 (~21%) of the holes have anomalous cobalt in excess of 100 ppm Co
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This compares favourably with the signature of 147ppm Co over the existing Stanton Cobalt Deposit
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Drilling is expected to continue till the commencement of the wet season in November
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Deeper follow up drilling to commence next week
Northern Cobalt is pleased to announce further results from ongoing drilling at the Wollogorang Cobalt Project. The company has continued drill testing targets consisting of magnetic lows similar to that underlying the Stanton Cobalt Deposit. This exploration method continues to be very encouraging, with approximately 21%, or 128 of the 623 drill holes analysed so far intersecting cobalt mineralisation in excess of 100ppm (up from 17% in the previous announcement on 25 July 2018). Samples analysed from this style of shallow drilling are comparable to similar samples taken over the Stanton Cobalt Deposit, which peaked at 147ppm Co, which provide an indication of significant cobalt mineralisation at depth.
Deeper follow up drilling to test these targets will commence next week.
Want to know more about how we developed our latest drill targets?
In this video, Northern Cobalt's M.D. Mike Schwarz discusses the Aero Magnetic survey of the Stanton cobalt Deposit and the surrounding area.
