ASX RELEASE | 12 December 2017
OPUWO COBALT RESOURCE DRILLING PROGRAM UPDATE HIGHLIGHTS
• Resource drilling program on schedule for mid-December completion, with over 14,000 metres completed as at 9 December.
• Hole DOFD0062 highlights potential for additional mineralised zones.
• First two batches of assays received, with highlights including:
o 7 m @ 0.12% Co and 0.46% Cu• Further intersections of deep semi-massive sulphides in DOFD0103 and DOFD114, in western
o 4.37m @ 0.17% Co and 0.46% Cu
o 4.24m @ 0.15% Co and 0.45% Cu
o 5 m @ 0.12% Co and 0.52% Cu
o 4.94m @ 0.12% Co and 0.40% Cu
sector of Project.
• Downhole electromagnetic (EM) survey to commence early in the new year, with four deep holes earmarked for survey.
The Mineral Resource estimate comprises 112.4 million tonnes at a grade of 0.11% cobalt, 0.41% copper, and 0.43% zinc, at a cutoff grade of 0.06% (or 600 ppm) cobalt. The Mineral Resource estimate represents contained cobalt of 126,100 tonnes and consists of:
• 72.0 million tonnes at a grade of 0.11% cobalt, 0.42% copper and 0.41% zinc in the Indicated category, and a further
• 40.5 million tonnes at a grade of 0.12% cobalt, 0.41% copper and 0.46% zinc in the Inferred category.
Unfortunately we all get them at this end of the market.
barney I seem to be collecting a few lately, but no stress as I have patience for this one.
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