So we are expecting quite a significant amount of news flow this week.
Results of first two batches of assays from Tiger Creek drilling.
Results of soil geochemical sampling assays
Update on analysis of the Aerial magnetic survey completed late April.
Hopefully with end up with a significantly large high grade Cobalt deposit at Tiger Creek. Very good indication so far with laterite mineralisation extending to the north-west with new drilling.
"With the first 13 holes of the 50-hole program completed, geological logging has confirmed that drilling has intersected significant zones of laterite, which is the iron-rich regolith material known to host the extensive cobalt mineralisation in the area.
Importantly, the laterite at Tiger’s Creek has been intersected both within the areas where previous drilling returned laterite-hosted cobalt mineralisation as well as in new areas nearby to the north- west.
The first two batches of samples are now in the laboratory and assays are expected in the middle of June. In addition, orientation soil sampling has also been completed across a 5.8km2 area in the north- west corner of the Hylea Intrusive Complex (Figure 1). These samples are also at the laboratory and results expected in mid-June."
Aerial survey commenced today, flying a tenement-wide 175km2 high- resolution aeromagnetic and radiometric survey.
Results will facilitate targeting and focus field work across the entire Hylea and Bulbodney intrusive complexes, analogous host rocks to CleanTeq’s Sunrise and Australian Mines’ Flemington deposits to the south.
An orientation soil geochemical survey has also commenced to the north-west of the advanced Tiger’s Creek Cobalt Prospect, prior to the roll-out of regional soil campaigns.
Both surveys are designed to define regional cobalt drill targets similar to Tiger’s Creek.
HCO Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
