FINAL 2017 RC DRILLING RESULTS - ASX RELEASE

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FINAL 2017 RC DRILLING RESULTS

  • Step out drilling at Stanton cobalt resource confirms mineralisation open to south-east and north-west
  • Highlights include
    • 19 metres at 0.29% cobalt (Co) on southern extension to Stanton Resource
      • Including 1 metre @ 1.31% Co
    • 5 metres a 0.19% Co o 2 metres at 0.19% Co 
  • Results from scout drillholes on regional targets to be combined with recent geophysics to define drilling planned in 2018.
  • Potential for up to 6 (six) Stanton style cobalt deposits at Running Creek, east of Running Creek, Stanton 2, Stanton 3, Archangel, and north of Stanton from regional results
  • Diamond drilling results due late March 2018

 

N27’s Wollogorang Cobalt Project is a sediment hosted cobalt mineralisation system which has potential for low CAPEX and OPEX options due to:

  • Non-refractory mineralisation (predominantly siegenite - a cobalt sulphide mineral)
  • Cobalt dominant mineralisation occurs from surface
  • Flat lying sediment hosted mineralisation - likely suitable for open pit operations

Stanton Cobalt Deposit

Northern Cobalt has drilled 70 RC and 10 diamond core holes on our existing Stanton Cobalt resource, aiming to upgrade the existing inferred Mineral Resource of 500,000 tonnes of 0.17% Co, 0.09% Ni, 0.11% Cu, and obtain material for metallurgy studies and use in scoping studies.

 

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