NORTHERN COBALT UNCOVERS STANTON-LIKE COBALT TARGET - SMALL CAPS ARTICLE
Northern Cobalt (ASX: N27) has uncovered new cobalt targets similar in mineralisation to its flagship Stanton deposit within the Wollogorang project in the Northern Territory.
After examining historical rock chip and drilling samples, Northern Cobalt pinned the Selby pipe cluster as a future drill target.
Historical rock chips at Selby returned up to 21% copper while previous drilling intersected up to 0.14% cobalt and 0.19% copper.
Earlier exploration in the area had focussed on diamonds and phosphate, with cobalt and associated minerals overlooked.
Similar to Stanton, echo sandstone and karns dolomite rocks dominate the Selby area, with up to 100 times background cobalt and copper pathfinder element concentrations encountered in the echo sandstone.
To assess the area further, Northern Cobalt has planned an airborne magnetic survey and soil sampling.
Read the full article here: https://smallcaps.com.au/northern-cobalt-uncovers-stanton-cobalt-target-wollogorang/