Centaurus Metals Drilling in Brazil

THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) has commenced a high-impact Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Jaguar nickel sulphide project, located in the Carajás Mineral Province of northern Brazil.

Centaurus Metals is undertaking the drilling targeting new discoveries outside the project’s known resources.

The first RC drill-hole of the new program has been collared and is underway at the Leão prospect, marking the recommencement of a major greenfields exploration push that will see around 25,000 metres of drilling completed outside the known deposits over the coming months.

The company explained the new phase of greenfields exploration was designed to unlock new discoveries with the potential to add to what is already one of the largest and highest grade near-surface nickel sulphide resources in the world.

“We already have a resource of 58.9 million tonnes at 0.96 per cent nickel for more than 560,000 tonnes of contained nickel, which is one of the biggest undeveloped nickel sulphide resources globally, and we are confident that we can build on it given that the vast majority of the drilling to date has been focused within and around the known deposits,” Centaurus Metals managing director Darren Gordon said in the company’s ASX announcement.

“Since acquiring the project, we have successfully grown the resource through highly-effective brownfields resource development and step-out drilling.

“Now with the arrival of the new RC rig, we can step beyond this brownfield focus and target completely new areas which we believe have outstanding discovery potential.

“The aggressive, RC exploration program will target shallow nickel sulphide targets that have the potential to be brought into the mine plan at an early stage.

“There are now more than 300 diamond drill holes into the Jaguar project but only 12 holes have been drilled outside the current deposits with known resources, leaving plenty of room to make new discoveries.

“We have already identified 10 high-priority greenfields nickel sulphide and PGE targets and we are very much looking forward to testing these in the weeks and months ahead.”




Email: office@centaurus.com.au


Web: www.centaurus.com.au