Drilling and Operations Update

N27 ASX Results DC Drill

DRILLING AND OPERATIONS UPDATE - WOLLOGORANG COBALT PROJECT, NT

 

50% of Area 1; air core drilling completed

  • 634 holes completed at average depth of 5m, for a total of 3,305m completed 

  • 150m average metres per day of fast, cheap and low environmental impact drilling


Samples sent to laboratory; portable XRF sent for repair with possible contamination issue 

  • operational issues with the portable XRF have resulted in delays of the drilling results

  • laboratory assays of samples will be undertaken until the XRF repairs are completed


Helicopter aeromagnetic survey commenced over weekend to expand coverage to 19 time the current area

  • expecting to extend aircore program with new zones of interest from geophysics

  • new survey of 1,720 km2  will expand 2017 survey of 90km2

  • co-funding geophysics grant of $100,000 won from NT government for this program

 

Aircore drilling program to progress over remainder of the year targeting expanded exploration targets (Area 2)


Stage one of slim-line hammer drilling program to commence driven by pending lab results

  • planned to drill to ~25m depth to map anomalous aircore results pre resource drilling

  • fast, low cost method to allow rapid target assessment over large areas

  • minimal environmental footprint reducing cost

 

Deeper RC drilling to commence on best prospects subject to assay results

 

CLICK HERE TO SEE FULL ASX ANNOUNCEMENT

 

Want to know more about our Helicopter aeromagnetic surveys?

Managing Director, Mike Schwarz took time out to explain the analysis of the data collected during the 2017 Drilling program.