Centaurus Metals (ASX: CTM | OTCQX: CTTZF) has reported that the Jaguar Deeps drill programme has successfully intersected nickel sulphide mineralization more than 300m below the current MRE limits at its wholly-owned Jaguar Nickel Sulphide Project, northern Brazil.
Darren Gordon, managing director, commented, “The first results from the Jaguar Deeps programme have been outstanding. At Onça Preta, we have intersected thick high-grade nickel sulphide mineralization more than 300m below the current base of the resource, while at Jaguar South drilling has encountered new mineralization around 200m below the current resource limits.”
“These Jaguar Deeps step-out holes demonstrate that the high-grade nickel sulphide mineralization is consistent from surface, extends to depths of almost 1,000m down-dip, and remains open.”
At the Onça Preta deposit, new assay results include:
- 29.2m at 0.83% Ni from 731.9m including 19.1m at 1.02% Ni from 739.6m in JAG-DD-23-613
- 32.4m at 0.60% Ni, from 772.6m in JAG-DD-23-613
- 12.7m at 1.02% Ni from 722.9m including 6.0m at 1.37% Ni from 724.4m in JAG-DD-23-614
- 29.3m at 0.89% Ni from 744.0m including 11.2m at 1.28% Ni from 746.5m in JAG-DD-23-614
- 16.4m at 0.78% Ni from 831.3m in JAG-DD-23-614
- 16.2m at 1.12% Ni from 963.0m including 5.0m at 1.47% Ni from 972.5m in JAG-DD-23-616
- 28.0m at 0.66% Ni from 1005.0m in JAG-DD-23-616
At the Jaguar South deposit, new assay results from Deeps and step out drilling include:
- 13.0m at 1.29% Ni from 435.0m in JAG-DD-23-602
- 11.5m at 0.88% Ni from 632.5m including 4.5m at 1.54% Ni from 636.0m in JAG-DD-23-602
- 12.1m at 0.95% Ni from 507.0m including 6.6m at 1.21% Ni from 512.0m in JAG-DD-23-617
- 20.7m at 0.53% Ni from 535.0m in JAG-DD-23-617
- 20.0m at 0.65% Ni from 624.5m in JAG-DD-23-617
- 12.8m at 1.15% Ni from 291.2m including 3.8m at 2.54% Ni from 291.2m in JAG-DD-23-607
- 8.0m at 1.32% Ni from 370.0m in JAG-DD-23-607
- 10.0m at 1.02% Ni from 377.5m in JAG-DD-23-610
- 15.5m at 1.03% Ni from 503.0m including 3.0m at 2.43% Ni from 512.0m in JAG-DD-23-610
Additionally, the latest drilling supports MRE growth and an update is planned for H1 2024, after the release of the definitive feasibility study.
To find out more, please visit www.centaurus.com.au
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