Panther Metals (ASX:PNT) has intersected peak grades of up to 3.97% nickel and 7,900ppm cobalt from just 64m at its Coglia Project in Western Australia.
Highlights:
- Highest ever grades received at the Coglia nickel-cobalt project.
- Panther Metals describes the extremely high cobalt grades as close to bonanza grades.
- The company is now advancing towards the definition of a maiden nickel-cobalt resource.
“Review of the combined assay results, in conjunction with the current exploration target, suggests that the Coglia nickel-cobalt project has the potential to generate a substantial nickel-cobalt resource during a time when global demand for nickel and cobalt is increasing markedly due to the demand side dynamics of vehicle electrification in particular,” Managing Director, Daniel Tuffin, said.
Review of the combined assay results, in conjunction with the current exploration target, suggests that the Coglia Nickel-Cobalt Project has the potential to generate a substantial Nickel-Cobalt resource during a time when global demand for nickel and cobalt is increasing markedly due to the demand side dynamics of vehicle electrification in particular.
“The company will now immediately progress with work on a Maiden Nickel Cobalt MRE for Coglia. We are thrilled with these developments and will continue to see steady news flow in the coming months as we progress our business, from MRE work at Coglia, through to assay results from our Eight Foot Well and Burtville East gold prospects.”
Coglia Drill Results:
Results above 0.5% nickel and 500ppm cobalt for the latest assays are reported below:
· CGRC025: 3m at 0.60% Ni from 64m
· CGRC027: 22m at 0.69% Ni from 48m and 20m at 611ppm Co from 49m
· CGRC028: 13m at 0.59% Ni from 57m and 1m at 950ppm Co from 71m
· CGRC029: 3m at 0.69% Ni from 49m and 6m at 747ppm Co from 46m, inc. 1m at 1,020ppm Co from 47m
· CGRC041: 24m at 0.92% Ni from 56m, inc. 1m at 1.20% Ni from 62m, and 24m at 646ppm Co, inc. 7m at 1,260ppm Co from 59m, with a peak of 1m at 3,090ppm Co from 69m, 530ppm Co from 71m and 960ppm Co from 75m
· CGRC043: 9m at 0.73% Ni from 50m and 7m at 743ppm Co from 48m
· CGRC045: 10m at 0.63% Ni from 44m (hole ended early at 53m due to drilling difficulties)
· CGRC047: 13m at 0.93% Ni from 64m, inc. 2m at 1.19% Ni from 66m and 2m at 540ppm Co from 66m
· CGRC048: 2m at 0.61% Ni from 63m and 6m at 0.7% Ni from 71m
For further information please visit: https://panthermetals.com.au/
