- Write by:
-
Thursday, June 11, 2020 - 12:15:46 PM
-
880 Visit
-
Print
Mining News Pro - Centaurus Metals has achieved positive exploration results from the Jaguar nickel sulphide project in Brazil’s Carajás mineral province – just months into acquiring the project from Vale.
Centaurus completed the mine’s acquisition in April, with the project containing a non-joint ore reserves committee (JORC) global foreign resource of 40.4 tonnes at 0.78 per cent nickel for a total of 315,000 tonnes of contained nickel.
Centaurus reported on Thursday that diamond drilling at Jaguar Central and Jaguar North deposits had returned “exceptional results,” highlighting the consistency of shallow sulphide mineralisation across multiple deposits.
The most significant results at Jaguar Central included 67.3 metres at 1.2 per cent nickel and a 40.5 metres at 1.35 per cent nickel from shallow depths.
Both the Jaguar Central and Jaguar North deposits extend over a strike length of more than 400 metres with the high-grade mineralisation remaining open in both directions and down-dip.
Centaurus managing director, Darren Gordon said the new results demonstrated the quality and scale of the Jaguar Project.
“It’s quite rare to see such consistent grades and widths across so many shallow deposits which would be amenable to extraction via open pit mining, before possibly moving underground in the future,” he said.
Centaurus is on track to deliver a maiden JORC resource at Jaguar by the end of June, with the latest results marking the final assays that will be entered into the database.
While Brazil’s COVID-19 situation appears to be escalating, Centaurus stated that it did not expect any impacts to the timing of its maiden mineral resources estimate or its ability to move ahead with scoping and pre-feasibility studies.
Short Link:
https://www.miningnews.ir/En/News/546020
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its ...
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another ...
Indonesia’s mining minister on Wednesday said divestment of Vale Canada Ltd and Sumitomo Metal Mining Co. Ltd’s shares ...
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them ...
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
No comments have been posted yet ...