Centaurus Metals starts reverse circulation drilling at Itapitanga in Brazil

Centaurus Metals ASX CTM Itapitanga Brazil nickel cobalt drilling
RC drill rig at Centaurus Metals' Itapitanga nickel‐cobalt project.

Centaurus Metals (ASX: CTM) started its first reverse circulation drilling campaign at its Itapitanga nickel‐cobalt project in Brazil at the weekend, to follow up its hand-held auger drilling efforts which returned assays such as 6.5m at 0.94% nickel and 0.20% cobalt.

Centaurus acquired the Itapitanga project in northern Brazil in February 2018, finding high-grade cobalt and nickel in channel, rock chip and soil samples soon afterwards.

Last month, in March 2018, the company unearthed more shallow high-grade cobalt and nickel at the Brazilian prospect using hand-held device technology, finding 12m grading 0.13% cobalt and 0.93% nickel and other high-grade intersections.

Yesterday the company confirmed its maiden reverse circulation drilling would test for deeper intersections of high‐grade nickel‐cobalt mineralisation.

Centaurus’ hand‐held auger drilling that it conducted last month went to maximum 23m depths.

The company is expecting to share first results from the new drilling by the end of next month.

Centaurus managing director Darren Gordon said the company was excited drilling was underway at Itapitanga and was grateful to the community and the exploration team for advancing the project so quickly since its acquisition.

“The team has done a lot of great work through the high rainfall period, and we are now ready to test the full depth extent of the high‐grade nickel cobalt mineralisation seen in the top 5‐10 metres from surface,” he said.

“With a strike length of more than 3km at the Northern Target alone, our hand‐held augers have been very effective in defining a large mineralised zone of high-grade nickel and cobalt.

“We are now looking forward to seeing the first results of the reverse circulaton drilling, which we expect will be around the end of May.”

Twenty-nine of the first 33 auger holes featured nickel‐cobalt mineralisation Centaurus confirmed yesterday, with more results to follow.

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