Posts

Centaurus Metals Intersects More Shallow High-Grade Boi Novo Copper

/in , /by

THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) reported further results from drilling undertaken at the company’s 100 per cent-owned Boi Novo copper-gold project in the Carajás Mineral Province of northern Brazil.

Centaurus Metals drilling has delivered encouraging results, expanding both the shallow breccia-hosted high-grade copper mineralisation and intersecting more zones of thick disseminated mineralisation.

Drilling at the Nelore West prospect, from which visual results were reported in October, has intersected a shallow breccia zone of stringer and semi-massive sulphide mineralisation which has returned the following assays, including:

BON-DD-24-016
24.2 metres at 0.76 per cent copper and 0.05ppm gold from 42.3m, including 9.1m at 1.55 per cent copper and 0.08ppm gold from 57.4m.

Drill-hole BON-DD 24-021 intersected an 80-metre-wide zone of disseminated copper-gold mineralisation.

Centaurus explained all prospects remain open along strike and down-dip, with multiple Down Hole Electro-Magnetics (DHEM), Fixed Loop Electro-Magnetics (FLEM) and Induced Polarisation (IP) targets still to be tested.

The company recently extended this maiden drill campaign by an additional 2,000m to at least the end of 2024.

“The Boi Novo project is continuing to emerge as an exciting copper gold discovery with two distinct mineralisation styles,” Centaurus Metals managing director Darren Gordon said in the company’s ASX announcement.

“Our in-house EM team generated multiple DHEM and FLEM conductor plates that resulted in the discovery of the high-grade breccia zone that was intersected in drill hole BON-DD-24-016.

“The sulphide mineralisation was dominated by pyrrhotite, so we were very pleased to see that the zone of stringer and semi-massive sulphides carried sufficient chalcopyrite to return 9.1m at 1.55 per cent copper and 0.08 grams per tonne gold.

“With each drill-hole the team is improving their understanding of the controls of both the high-grade breccia mineralisation and the broad bulk-tonnage disseminated mineralisation at Boi Novo.

“Importantly, we still have multiple DHEM and FLEM plates and IP targets to follow-up with the mineralisation remaining open both along strike and down-dip.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Centaurus Metals Hits Boi Novo Copper-Gold Mineralisation

/in , /by

THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) reported on recent drilling activity at the company’s 100 per cent-owned Boi Novo copper-gold project.

Centaurus Metals has so far received assay results for 13 holes out of a total of 18 drilled so far for the maiden program at the Boi Novo project.

The company explained the drilling has identified two different copper-gold mineralisation styles intersecting zones of both high-grade breccia-hosted and broad disseminated mineralisation.

Drilling at the Nelore West prospect has intersected a 13.4 metres wide breccia zone of stringer and semi-massive sulphide mineralisation.

Drilling to test bulk tonnage low-grade targets at Nelore West and Nelore East, intersected broad zones of disseminated copper-gold mineralisation.

“We have seen grades of up to 2 per cent copper from the narrower breccia zones at the Presley prospect, which gives us encouragement for the broader zones of similar style mineralisation intersected at Nelore West,” Centaurus Metals managing director Darren Gordon said in the company’s ASX announcement.

“The high-grade breccia mineralisation intersected to date remains open down-dip and along strike and our in-house EM team has generated multiple follow up DHEM and FLEM conductor plates that remain to be tested.

“We also plan to test the large IP chargeability anomaly underneath BON-DD-24-011, which returned a combined 65 metres of lower-grade disseminated copper-gold mineralisation.

“Based on the results to date, we have extended the maiden drill campaign at Boi Novo beyond the initial 3,000 metres by an additional 2,000 metres with this additional drilling targeted to be completed by the end of the calendar year.

“Importantly, while the exploration team continues the Boi Novo program, the project team continues value engineering work at Jaguar, with the outcomes of this work planned for delivery in Q1 2025.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE