DIAMOND DRILL HOLE ASSAYS - STANTON COBALT DEPOSIT

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The final assay results from the 2017 diamond drilling have been received.

 

Executive Summary:
• The results are exceptional with significant thick, high grade intersections of cobalt mineralisation that support the results obtained from reverse circulation drilling
• The diamond holes confirm the shallow high-grade nature of cobalt mineralisation and the potential for low cost concentrate production
• Metallurgical samples have been selected from the diamond core and are currently being prepared to be sent to Germany for metallurgical testing
• The diamond holes have provided valuable information on the mineralisation style, geology and structure that will assist in targeting new cobalt deposits

Highlights include:
• 25.4 metres at 0.24% cobalt (Co)
• 20.8 metres a 0.31% Co
• 13 metres at 0.33% Co
• 13 metres at 0.25% Co
• 11 metres at 0.21% Co
• 9.6 metres at 0.22% Co
• 7.9 metres at 0.26% Co
• 1m @ 2.51% Co

 

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