Regional Cobalt Targets identified on Wollogorang Project
REGIONAL COBALT TARGETS IDENTIFIED ON WOLLOGORANG PROJECT
- Review of historical exploration data reported anomalous cobalt within rock chip and stream sediment sampling, Wollogorang Cobalt Project, NT
- Historical rock chips up to 0.23% cobalt identified at newly defined regional targets
- Regional exploration has commenced in conjunction the 15,000m drilling program currently commencing at the Stanton Deposit
Cobalt Potential of Wollogorang Project Area
Northern Cobalt Limited (Northern Cobalt or the Company, ASX: N27) is pleased to provide an update on the cobalt potential of the Wollogorang Project in the Northern Territory.
Northern Cobalt was granted five tenements in January 2018 surrounding the Stanton Cobalt Deposit and on-ground exploration on these tenements has commenced. The Company has been reviewing historical exploration on these tenements and has outlined areas of interest for cobalt.
Managing Director, Michael Schwarz said “The regional potential of cobalt is exciting and is only just being realised in the Wollogorang Project area. Previous explorers were focussed on other commodities at a time when cobalt was not in high demand and did not assess the regions significant cobalt potential.”
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