CVS 0.00% 0.4¢ cervantes corporation limited

"targets for both gold and nickel/cobalt/copper". "the potential...

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  1. 3,706 Posts.
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    "targets for both gold and nickel/cobalt/copper". "the potential to be a very early cash earner for the company" With some good drilling results this could get exciting here. MOO! (My opinion only)

    We are returning to the Albury Heath project area as a priority for two purposes. One, to carry out additional drilling in and around the high grade results for additional geology before moving to a resource definition programme to lift the resource to a Measured Resource, and secondly a regional drilling program in the surrounding tenements we pegged at the time of acquiring the tenement containing the Albury Heath mine. These target areas in the surrounding tenements have been identified by our Exploration Manager as being possible analogues of the Albury Heath Mine that may replicate the high grade intercepts made in our last drilling program. If successful this project has the potential to be a very early cash earner for the company, as two mills are within close proximity.

    Also this year we completed a geochemical exploration program at Payne's Find (now known as the Primrose Project) using Air Core drilling methods to identify possible deep drilling targets for both gold and nickel/cobalt/copper. RAB drilling, by the previous tenement owner, indicated the prospectivity of the area for base metals and cobalt as previously released to the market on the 12th June 2018

    http://www.abnnewswire.net/press/en/95177/
 
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Currently unlisted public company.

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