CENTAURUS METALS LIMITED use➢
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- 40.8m at 1.22% Ni from 269.0m, including 14.8m at 2.22% Ni from 295.0m in JAG-DD-21-190
- 10.0m at 2.09% Ni from 318.0m, including 6.0m at 2.90% Ni from 318.0m in JAG-DD-21-190
Step-out and in-fill drilling at Jaguar South, Jaguar Central, Jaguar Central North and Jaguar West continues to deliver strong consistent results, highlighting the robust nature of the existing Resource model. New assay results include:
- 33.5m at 0.79% Ni from 14.6m in JAG-DD-21-188
- 16.6m at 1.23% Ni from 123.1m, including 3.5m at 2.99% Ni, from 131.6m in JAG-DD-21-186
- 17.9m at 1.02% Ni from 336.4m in JAG-DD-21-185
- 7.3m at 1.71% Ni from 249.2m, including 3.9m at 2.23% Ni, from 249.2m in JAG-DD-21-179
- 18.5m at 0.67% Ni from 290.0m in JAG-DD-21-184
- 5.1m at 1.35% Ni from 295.7m in JAG-DD-21-182
- 2.8m at 2.31% Ni from 69.0m in JAG-DD-21-181
Multiple strong, late-time (Ch20+) conductor plates identified by down-hole electromagnetic (DHEM) surveys completed at Onça Preta, Jaguar South and Jaguar Central.
The conductors extend up to 200m below the deepest drilling and point to the strong likelihood of more high-grade nickel intersections as step-out drilling continues.
The first assays received from Reverse Circulation drilling at the Tigre Prospect have confirmed the quality of the shallow greenfields discovery made recently by the Company. New assay results include:
- 12.0m at 0.71% Ni from 96.0m in JAG-RC-21-035
- 13.0m at 0.63% Ni from 140.0m in JAG-RC-21-036
- 8.0m at 1.07% Ni, from 93.0m in JAG-RC-21-030
- 8.0m at 0.88% Ni from 119.0m in JAG-RC-21-031
- 8.0m at 0.77% Ni from 60.0m in JAG-RC-21-032
- 5.0m at 1.32% Ni from 115.0m in JAG-RC-21-034
- 7.0m at 0.94% Ni from 63.0m in JAG-RC-21-037
Eight diamond rigs and one RC rig are currently drilling on site.
Centaurus Metals (ASX Code: CTM) is pleased to advise that resource growth and greenfields exploration drilling at its 100%-ownedJaguar Nickel Sulphide Project in the Carajás Mineral Province of northern Brazil continues to deliver outstanding results which are set to underpin a significant resource upgrade planned for December 2021.
Centaurus' Managing Director, Mr Darren Gordon, said the consistent flow of high-quality drilling results was testament to the scale and quality of the Jaguar Project.
Australian Office
Centaurus Metals Limited
Level 2, 1 Ord Street
West Perth WA 6005
AUSTRALIA
Brazilian Office | ASX: CTM |
Centaurus Brasil Mineração Ltda | ACN 009 468 099 |
Avenida Barão Homem de Melo, 4391 | office@centaurus.com.au |
Salas 606 e 607 - Estoril | T: +61 8 6424 8420 |
CEP: 30.494.275, Belo Horizonte MG | |
BRAZIL |
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
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"We are pleased to see that both resource development and extensional drilling along with explorational drilling is delivering for us, putting the Company in a strong position to deliver its second major Mineral Resource upgrade for 2021 next month.
only"The step-out drilling at Onça Preta and the Jaguar Deposits continues to produce further strong results with these deposits remaining open at depth. As we progressively drill the newly-defined DHEM conductor plates we continue to intersect wide zones of semi-massive and massive sulphides with high-grade nickel in most holes.
"The new step-out intersections are located immediately below the Scoping Study stope designs and this suggests that the Resource should be able to be pushed deeper, which in turn should allow the underground mine plan to also be extended as part of the Feasibility Study.
"What is also very exciting is that, in addition to the successful step-out drilling we have been undertaking, first useassays from the Tigre Prospect greenfields drilling program have confirmed the quality of the recent near-surface discovery. This means that we should be able to include Tigre in the upcoming resource upgrade which is on target
for delivery in December.
"Overall, it is clear that while the existing MRE is already very extensive and is one of the largest undeveloped nickel s lphide deposits globally, we have only just scratched the surface in terms of resource potential at Jaguar."
Onça Preta
personalThe Onça Preta Deposit currently hosts a resource of 3.7Mt at 1.58% Ni for more than 58kt of contained nickel, p rt of the Mineral Resource Estimate (MRE) for the Jaguar Project that stands at 58.9Mt at 0.96% Ni for 562,600
tonnes of contained nickel.
The nickel grade at Onça Preta is the highest of all the deposits at the Jaguar Project at 1.58% Ni, with the deposit c nsistently returning thick intersections at over 2.0% Ni and remaining open at depth and along strike. The current base of the planned underground operations at Onça Preta is restricted by the base of the MRE, which in turn reflects the current base of drilling.
JAG-DD-21-190, one of the deepest holes drilled to-date at the Onça Preta Deposit by Centaurus, has intersected 40.8m at 1.22% Ni from 269m (including 14.8m at 2.22% Ni from 295m) and 10.0m at 2.09% Ni from 318m, as shown in Figure 1 below.
Importantly, down-hole electromagnetic (DHEM) survey work at the Onca Preta Deposit continues to identify multiple strong late-time (Ch20+) conductor plates. These sub-verticalplates extend down to 200m below the deepest drilling and have a combined strike extent of over 300m with very high conductivities of 2500-12000S (see ForFigure 2). At the Jaguar Project, conductor plates with these conductivity levels consistently host semi-massive and
massive sulphides.
Recently more semi-massive and massive zones have been intersected extending the mineralisation both down- dip and further along strike to the east of section 476885mE. Zones up to 30m wide of stringer and semi-massive nickel sulphides have been intersected in drill holes JAG-DD-21-2011 and JAG-DD-21-208 on section 476940mE (see sections below in Figure 2). For photos of the core and visual estimates see Figures 12-13 and Tables 4-5.
This is also very encouraging as it demonstrates that the high-grade nickel mineralisation is open down-dip and along strike to the east and indicates that mineralisation is plunging north-northeast below historical drilling.
1 Visual estimates are uncertain in nature and hence in no way are intended to be a substitute for analytical results. All intervals | 2 |
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have been sampled and the analytical results will be reported to the market when the Company receives them. | |
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
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Figure 1 - Core photo from drill hole JAG-DD-21-190 (Onça Preta); 299.2m to 309.9m down-hole: Disseminated, stringer to semi- massive sulphides (metallic bronze/yellow colour) with intense magnetite (black colour) mineralisation hosted in basement gneiss.
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Highlights of new assay results from drilling at the Onça Preta Deposit include the following down-hole intervals (see Table 1 for complete results and plan map in Figure 6):
Hole JAG-DD-21-190
- 40.8m at 1.22% Ni, 0.64% Zn, 0.09% Cu and 0.04% Co from 269.0m, including o 3.0m at 2.09% Ni, 0.08% Zn, 0.14% Cu and 0.07% Co from 281.0m; and o 14.8m at 2.22% Ni, 1.33% Zn, 0.18% Cu and 0.06% Co from 295.0m
- 10.0m at 2.09% Ni, 1.65% Zn, 0.13% Cu and 0.11% Co from 318.0m, including o 6.0m at 2.90% Ni, 2.22% Zn, 0.17% Cu and 0.13% Co from 318.0m
Figure 2 - The Onca Preta Deposit: Cross-Sections 476885mE (left) 476940mE (right) showing existing drilling, DHEM conductor plates in
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dark blue and FLEM conductor plates in light blue.
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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
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Drilling on section 476790mE, 45m to the west of section 476835mE where historical hole JAGU-DH00014 was drilled, has also intersected high-grade nickel sulphides beneath the deepest drilling, with JAG-DD-21-200 and now JAG-DD-21-219 intersecting up to 20m of stringer to semi-massive sulphides (see Figures 10 and 14 and Tables 3
and 6 for visual photos of core and sulphide estimations). onlyuse
The JAG-DD-21-219 intersection is the deepest drilled at Onca Preta to date, deeper than historical drill hole JAGU- DH00014, located 50m to the east, which returned 18.0m at 2.19% Ni from 318m and 7.9m at 2.18% Ni from 351m, demonstrating the continuity of mineralisation along strike (Figure 3).
Figure 3 - The Onca Preta Deposit: Cross-Sections 476790mE (left) and 476835mE (right) showing significant drill intersections in
yellow, DHEM conductor plates in dark blue and FLEM conductor plates in light blue.
personal
ForAdditionally, the DHEM late-time conductor plate generated from the DHEM survey of JAG-DD-21-200 indicates that the semi-massive sulphide mineralisation extends a further 80m to the west and up to 200m below the deepest drilling (Figure 3). Drilling is already planned to test these along strike and down-dip extensions.
The 2021 drilling of the Onca Preta Deposit is part of a push to extend the high-grade resource at depth with the support of the new Down-Hole Electromagnetic (DHEM) probe, which has the capacity to survey down to a depth of 750m down-hole.
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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
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Drilling at Jaguar Central, Jaguar South, Jaguar West & Jaguar Central North Deposits | ||
Step-out and extensional drilling to build the resource base as well as in-fill drilling is on-going at the Jaguar Central, | ||
Jaguar South, Jaguar West and Jaguar Central North Deposit. In-fill drilling has been designed to upgrade the | ||
resource classification within the Scoping Study pit limits into the Indicated category. Results continue to | ||
demonstrate the continuity of the mineralisation both down-dip and along strike within the current pit limits. | ||
Results from the Jaguar Central Depositincluded two step-out holes that are the deepest holes on their respective | ||
sections and demonstrate that mineralisation continues down-dip and remains open. The DHEM survey loops are | ||
currently set up at Jaguar Central with new DHEM conductor plates being modelled that are expected to drive | ||
deeper drilling at the Deposit. | ||
only | ||
Highlights of new assay results from the step-out drilling at Jaguar Central include the following down-hole intervals | ||
(s | e Table 1 for complete results and plan map in Figure 8): | |
use | Hole JAG-DD-21-179 | |
➢ 6.2m at 0.77% Ni, 0.10% Zn, 0.05% Cu and 0.01% Co from 236.8m | ||
➢ 7.3m at 1.71% Ni, 0.04% Zn, 0.13% Cu and 0.05% Co from 249.2m, including | ||
o 3.9m at 2.23% Ni, 0.05% Zn, 0.18% Cu and 0.06% Co from 249.2m | ||
Hole JAG-DD-21-185 | ||
➢ 5.0m at 0.41% Ni, 0.02% Zn, 0.01% Cu and 0.02% Co from 290.0m | ||
➢ 3.2m at 1.37% Ni, 3.00% Zn, 0.03% Cu and 0.06% Co from 326.0m | ||
➢ 17.9m at 1.02% Ni, 1.23% Zn, 0.11% Cu and 0.04% Co from 336.4m | ||
Results from the Jaguar South Depositcome from section 478485mE. These results are from strike extensional | ||
drilling on a new section 50m east of the previous limits of drilling at Jaguar South. The deposit remains open down- | ||
dip and along strike to the east. | ||
Highlights of new assay results from drilling at the Jaguar South Deposit include the following down-hole intervals | ||
( ee Table 1 for complete results and plan map in Figure 7): | ||
personal | Hole JAG-DD-21-182 | |
➢ 3.4m at 0.85% Ni, 0.05% Zn, 0.02% Cu and 0.03% Co from 263.5m | ||
➢ 5.1m at 1.35% Ni, 0.21% Zn, 0.36% Cu and 0.03% Co from 295.7m | ||
Hole JAG-DD-21-187 | ||
➢ 6.4m at 0.81% Ni, 0.02% Zn, 0.05% Cu and 0.03% Co from 150.6m, including | ||
o 2.7m at 1.17% Ni, 0.02% Zn, 0.05% Cu and 0.05% Co from 152.5m | ||
➢ 2.5m at 0.60% Ni, 0.02% Zn, 0.05% Cu and 0.02% Co from 172.0m | ||
➢ 2.3m at 1.06% Ni, 0.01% Zn, 0.04% Cu and 0.02% Co from 194.7m | ||
Highlights of new assay results from in-fill drilling at the Jaguar West Depositinclude the following down-hole | ||
intervals (see Table 1 for complete results and plan map in Figure 9): | ||
For | Hole JAG-DD-21-183 | |
➢ 14.0m at 0.54% Ni, 0.07% Zn, 0.02% Cu and 0.01% Co from 102.5m, including | ||
o 3.0m at 1.04% Ni, 0.09% Zn, 0.04% Cu and 0.02% Co from 102.5m | ||
➢ 6.5m at 0.80% Ni, 0.09% Zn, 0.03% Cu and 0.02% Co from 134.5m | ||
Hole JAG-DD-21-186 | ||
➢ 2.0m at 0.67% Ni, 0.19% Zn, 0.04% Cu and 0.01% Co from 80.0m | ||
➢ 2.0m at 0.83% Ni, 0.45% Zn, 0.02% Cu and 0.02% Co from 112.0m | ||
➢ 16.6m at 1.23% Ni, 0.45% Zn, 0.06% Cu and 0.03% Co from 123.1m, including | ||
o 3.5m at 2.99% Ni, 0.09% Zn, 0.16% Cu and 0.08% Co from 131.6m | 5 | |
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Centaurus Metals Limited published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 22:06:43 UTC.
