Multiple large exploration targets identified at Thackaringa Cobalt Project

Multiple large exploration targets identified at Thackaringa Cobalt Project

Successful completion of a 633-line kilometre helicopter borne geophysical survey over the Thackaringa Project, 23km south-west of Broken Hill.

Release highlights:

  • Survey delivers strong results and targets. Preliminary geophysical survey results support fresh exploration targets with clear potential to extend known mineralisation, as well as identifying a previously unknown target south of Pyrite Hill.
  • Thackaringa’s three deposits have a significant combined strike length of 4.5 kilometres, with widths varying from 25 to 100 metres. These results support substantial future additions to the Thackaringa resource, particular down dip.
  • Cobalt Blue currently completing a significant 13,500m drilling program, supporting a major resource upgrade target (40Mt Indicated Resource by 1 April 2018).
  • Pre-Feasibility Study work continues with geotechnical, environmental and next metallurgical testwork announcement (focussed on Calcine and Leach steps) expected shortly. PFS delivery due 30 June 2018.
Read more...

Related News

Posted by cobaltblueholdings | February 1, 2018
Examining the fit – Thackaringa and Mutooroo Projects
Cobalt Blue (ASX:COB) and Havilah Resources (ASX:HAV) today signed a Memorandum of Understanding (MOU). (more…)
Posted by cobaltblueholdings | January 24, 2018
Significant Thackaringa Drilling Program complete – Resource Upgrade pending
Final tabulation of the assay data is now complete and updating the geological models and mineralisation domains has commenced. New resource estimates for each of the deposits expected by end...
Posted by cobaltblueholdings | December 27, 2017
Market Update – 27 December
Highlights PFS – Bulk Metallurgical Testwork – Progress Update (more…)