COPPER DISCOVERY GROWS AT GREGJO PROSPECT, WOLLOGORANG PROJECT

N27 IC ASX TWP Gregjo RockChip
ROCKCHIPS FROM GREGJO PROSPECT, WOLLOGORANG PROJECT, NT

 

Executive Summary

  • Copper mineralisation intersected 400m along the GregJo Fault and up to 120m across the fault (across strike) in at least two individual fault structures. Mineralisation remains open along strike in both directions.

  • Best drill intersections include (pXRF):

    • 18RAB051 - 4m @ 1.14% Cu from 12m

    • 18RAB020 – 18m @ 0.5% Cu from 1m
      o including 1m @ 1.1% Cu from 13m

      and 1m @ 1.06% Cu from 18m

    • 18RAB031 – 11m @ 0.45% Cu from 16m

      o including 1m @ 1.22% Cu from 18m

  • Sulpide mineralisation has been identified at depth in some holes, this will be targeted with a planned geophysics survey (Induced Polarisation) and subsequent deeper drilling.

  • The positive results have prompted an expanded drilling program, with drilling at the GregJo Prospect expected to continue for the next two weeks


Northern Cobalt is pleased to announce it has increased the extent of known copper mineralisation associated with the GregJo Fault, located approximately 4 km south of the Stanton Cobalt Deposit. The mineralised envelope now extends more than 400m along strike of the GregJo Fault and for up to 120m across strike. Drilling continues to intersect thick intervals of copper mineralisation of 9- 20m @ 0.2%-0.5% Cu which includes higher grade intervals of 1-4m @ between 1 and 5% Cu. Drilling will continue to test the lateral extents of mineralisation over the coming weeks. Outcropping copper mineralisation has been mapped to the north-west of the current drilling, indicating that mineralisation is also open in this direction.

 N27 IC GREGJO Copper stain

 

“The discovery of the GregJo Copper prospect, proves the Wollogorang Project is mineralised beyond the Stanton Cobalt Deposit and we have only just begun testing the extensive prospective rocks; furthermore this discovery fits with the company’s strategy of adding resources close to our existing deposit as the company seeks to build multiple assets to support the battery and new technology metals industries insatiable demand for Co, Li, Cu, Ni and REE.”

- Michael Schwarz (MD).

 

READ THE FULL ASX RELEASE HERE

 

Want to know more about our exploration process and the geo-chemistry of the Wollogorang project?

MD Mike Schwarz discussing it all in more detail this video