Centaurus Metals (ASX: CTM | OTCQX: CTTZF) has stated that step out drilling targeting further resource growth at its wholly-owned Jaguar Nickel Sulphide Project in the Carajás Mineral Province of northern Brazil continues to deliver outstanding results.
Centaurus’ managing director, Mr. Darren Gordon, said the outstanding high-grade results returned from some of the deepest drilling completed to-date at both the Jaguar South and Onça Preta deposits had created a strong platform for the next exciting phase of resource growth at the Jaguar Project.
Drill hole JAG-DD-23-593 on section 478090mE intersected 19.0m at 2.13% Ni from 220.0m (including 11.0m at 3.31% N from 223.0m) and 22.0m at 1.92% Ni from 325.0m (including 9.0m at 3.43% Ni from 325.0m).
The company explained that the upper intersection of JAG-DD-23-593, is immediately below the current planned pit limits and the thick high-grade nature of the intersection is likely to influence future pit optimizations, while the deeper intersection is at the base of the current MRE and is projected to contribute to additional resource growth.
Furthermore, the company’s exciting Jaguar Deeps drilling programme is now underway. The deepest hole completed to date at Jaguar South is JAG-DD-22-445 on section 478300mE which intersected 20.4m at 3.94% Ni (including 9.5m at 5.59% Ni) from 612.7m. The first hole of the Jaguar Deeps drill programme is a parent hole which is currently underway on section 478300mE targeting mineralization more than 300m below JAG-DD-22-445 and the current base of the MRE.
The parent hole has been designed so that it provides a platform for additional deeper wedge holes to be drilled further testing the down-dip and lateral extensions. Drilling to date has identified consistent high-grade mineralization on sections either side of 478300mE over at least 180m of strike and at depths greater than 600m from surface.
DHEM conductor plates suggest that the strike of the high-grade shoot could be up to 300m wide and extend for at least 200m below the current deepest drilling. Highlights of the new assay results received from drilling at the Jaguar South Deposit include the following downhole intervals.
To find out more, please visit www.centaurus.com.au
