Assays from the first twelve holes have been received from the recently completed 54 hole, 3,621m AC/RC drilling programme at the Tiger’s Creek prospect located in the 100% owned Hylea Cobalt Project, situated near the town of Fifield in the central west of New South Wales.
48 out of the 54 holes completed have intersected near surface laterite and clay profiles, both in areas of historically recognised cobalt mineralisation and in holes targeting extensions to the known laterites; also, basement rock types have been dominated by ultramafic olivine-rich dunites and peridotites, which are the precursor intrusive types to the higher grade laterites seen at the other projects in the region.
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