THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) reported new drilling results from the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of Brazil.
Centaurus Metals said the recent drilling has continued to demonstrate the consistency of high-grade shallow semi-massive to massive nickel sulphide mineralisation at the Onça Preta deposit and Onça Rosa prospect.
At the Onça Preta deposit, recently completed Resource in-fill and extensional drilling consistently intersected thick semi-massive nickel sulphides near surface.
A shallow high-grade zone has been extended to over 150m of strike, with assay results confirming strong potential for a high-grade open pit, including:
4.7 metres at 2.26 per cent nickel from 49.6m; and
6.4m at 1.34 per cent nickel from 93m.
At the Onça Rosa prospect, new drilling intersected semi-massive to massive sulphides, including:
3.6m at 2.38 per cent nickel from 271.7m, including 1.9m at 4.28 per cent nickel from 271.7m; and
3.9m at 3.19 per cent nickel from 14m.
Centaurus Metals claimed the deeper intersection confirms the continuity of high-grade mineralisation 45m along strike from historical drilling and its own recent results.
“Results from Onça Preta continue to demonstrate the consistency of grade across the deposit,” Centaurus Metals managing director Darren Gordon said in the company’s announcement to the Australian Securities Exchange.
“We have now extended the strike length of the shallow, high-grade mineralisation to over 150 metres centred on the outstanding intercept of 14.9 metres at 2.94 per cent nickel from 56.8 metres reported earlier this year – underlining the potential for a low-strip, open pit start-up operation.
“And, just as importantly, as we drill deeper, we continue to intersect high-grade mineralisation where we interpret it to be, with great results including 26.2 metres at 1.42 per cent nickel from 220 metres.
“One of the unique things about Jaguar is the near-surface, high-grade potential across a number of deposits and the flexibility that this can bring to a project.
“To date, we have identified multiple open pittable start-up options including Onça Preta and Jaguar South, where we intersected 21.8 metres at 2.65 per cent nickel from just 22 metres.
“We are also confident that we will intersect further shallow mineralisation at Jaguar Central and Jaguar North deposits, where drilling has just started following up some historical shallow high-grade intersections.
“Beyond the resource drilling we have also been working up our Onça Rosa prospect and this is starting to take shape.
“Our recent drilling success has extended the strike of the high-grade mineralisation to over 100 metres and strong EM plates modelled from DHEM surveys indicate that the mineralisation extends down-dip at least another 150 metres below existing drilling, which included intersections of 7.9 metres at 5.27 per cent nickel and 9.3 metres at 3.13 per cent nickel from around 250 metres depth.
“These EM plates will be drill tested once extensional and in-fill resource drilling at Jaguar Central and North is finished.
“The company remains well funded and is on target to deliver its maiden JORC Mineral Resource Estimate for the Jaguar project by the end of June.”