THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) recently completed diamond drilling at the Jaguar Central and Jaguar North deposits, part of the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of Brazil.
Centaurus Metals reported the drilling had returned “outstanding” broad high-grade nickel sulphide intercepts from shallow depths.
Results from first two drill holes at Jaguar Central returned consistent thick and shallow high-grade nickel sulphide intersections, including:
40.5m at 1.35 per cent nickel, 0.09 per cent copper and 0.03 per cent cobalt from 20m, including 12m at 1.95 per cent nickel, 0.15 per cent copper and 0.04 per cent cobalt from 38.5m
2m at 4.57 per cent nickel, 0.11 per cent copper and 0.1 per cent cobalt from 41m and 67.3m at 1.2 per cent nickel, 0.08 per cent copper and 0.03 per cent cobalt from 67m, including 19m at 1.7 per cent nickel, 0.13 per cent copper and 0.04 per cent cobalt from 79.8m
The first three drill holes at Jaguar North also returned consistent thick and shallow high-grade nickel sulphide intersections, including:
26.8m at 1.21 per cent nickel, 0.13 per cent copper and 0.04 per cent cobalt from 84.3m, including 10.8m at 2.1 per cent nickel, 0.15 per cent copper and 0.06 per cent cobalt from 84.3m
12m at 1.81 per cent nickel, 0.44 per cent copper and 0.08 per cent cobalt from 79m, including 4.5m at 3.66 per cent nickel, 0.63 per cent copper and 0.17 per cent cobalt from 86.5m
28.5m at 1.44 per cent nickel, 0.13 per cent copper and 0.05 per cent cobalt from 29.1m, including 3.6m at 3.55 per cent nickel, 0.49 per cent copper and 0.16 per cent cobalt from 50.7m
“It’s quite rare to see such consistent grades and widths across so many shallow deposits which would be amenable to extraction via open pit mining, before possibly moving underground in the future,” Centaurus Metals managing director Darren Gordon said in the company’s announcement to the Australian Securities Exchange.
“These important attributes put Jaguar in a league of its own as a nickel sulphide development proposition and reinforce why we see it as a company-making project.
“Importantly, these results also show that our targeting method has been very successful in allowing us to infill and often extend the high-grade zones delineated in previous wide-spaced drilling by Vale.
“This targeting method has proven to be successful at Jaguar South, Onça Preta and Onça Rosa and now we are having the same success at Jaguar Central and Jaguar North.
“The shallow zones of mineralisation delineated by this drilling and the historical Vale holes into Jaguar Central and Jaguar North will be incorporated in the upcoming maiden Mineral Resource estimate.
“In the meantime, we will continue to evaluate the deeper potential – which we think is just as exciting.
“Down-hole geophysics on the new drill holes has consistently identified strong conductor plates below the deepest drilling, indicating significant potential for more semi-massive to massive sulphides at depth.
“This potential will be systematically tested in the months ahead.
“With all of the drilling required to deliver our maiden Mineral Resource now complete, two rigs are continuing to operate at Jaguar Central and Jaguar North to test down-dip extensions of the deposits.
“Additionally, a regional field team has commenced mapping, soil sampling and FLEM survey work to generate a pipeline of new regional targets on the western portion of the land package which we will be aiming to start drilling in the next two to three months.”