Mining, Metals and Money

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http://jojofane.com/?njd=como-ganhar-com-op%C3%A7%C3%B5es-binarias&c97=8d 30 January 2018

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enter redwood binary options broker Highlights

  • Strong cobalt-nickel mineralisation identified at Coronation Dam
  • Located in north-eastern goldfields region of Western Australia
  • Significant cobalt mineralisation identified in existing drilling including:
    • 16 metres at 0.42% cobalt and 1% nickel from 20 metres
      • 8 metres at 0.51% cobalt and 1.16% nickel and;
      • 4 metres at 0.67% cobalt and 1.29% nickel
    • 24 metres at 0.23% cobalt and 0.80% nickel from 20 metres
    • 28 metres at 0.13% cobalt and 0.74% nickel from 8 metres
    • 32 metres at 0.12% cobalt and 0.92% nickel from 4 metres
  • Adds to other prospective WA cobalt-nickel projects in White Cliff portfolio

follow site Statutory approvals for drilling lodged with the Government

http://webconsultingsmp.it/?rjuks=trading-numeri-binari-miglior-siti&62d=42 White Cliff Minerals Limited (“ iqoptions site White Cliff” or the “ follow site Company”) is pleased to report that a review of existing exploration data from its 100%-owned Coronation Dam project, near Kookynie in Western Australia’s north-eastern goldfields, has identified significant cobalt mineralisation that will be the subject of further assessment.

http://captainaugust.com/?koooas=simulatore-gioco-in-borsa&6b4=18 White Cliff acquired Coronation Dam (Figure 1) via an exploration licence application, noting its cobalt and nickel exploration potential. The Company has collated and verified existing mapping, sampling and drilling information from the project, culminating in the discovery of substantial shallow cobalt-nickel mineralisation over a large area. Drill results include:

  • 16 metres at 0.42% cobalt and 1% nickel from 20 metres including;
    • 8 metres at 0.51% cobalt and 1.16% nickel and;
    • 4 metres at 0.67% cobalt and 1.29% nickel
  • 24 metres at 0.23% cobalt and 0.80% nickel from 20 metres
  • 28 metres at 0.13% cobalt and 0.74% nickel from 8 metres
  • 32 metres at 0.12% cobalt and 0.92% nickel from 4 metres

license iqoption Drilling has been undertaken on wide spaced lines generally with 500 metres to 1000 metres spacing (Figure 2). Cobalt mineralisation occurs on several lines, starts at surface and extends up to a depth of 50 metres. The mineralisation has developed in the regolith profile above an intensely weathered ultramafic unit which was originally a peridotite. The peridotite is approximately 1 kilometre wide and 5.7 kilometres long within the mining tenement which covers 16km2.

White Cliff Managing Director Todd Hibberd said: “The discovery of high grade cobalt-nickel mineralisation over a large area at Coronation Dam is an exciting development.  In an environment of rising cobalt prices, limited cobalt supply capacity and rapidly growing cobalt demand, there is an opportunity to substantially increase shareholder value through the development of the project and other promising cobalt-nickel assets in our portfolio.”

While the Company’s focus remains the development of the high-grade Aucu gold deposit in the Kyrgyz Republic, the 2017 drilling program at Aucu has been completed. The hiatus in activity in Kyrgyz provides an opportunity for White Cliff to work on advancing Coronation Dam as well as the Ghan Well cobalt-nickel deposit, which is also located in the WA Goldfields.

The Company is currently conducting three-dimensional modelling on the mineralisation in preparation for drilling and resource estimation. A drilling application has been lodged and government approval is pending..

Further updates will be provided as this process continues.

For further information, please see the link below to today’s ASX announcement.

ASX Announcement

 

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