Centaurus: Drilling Confirms Significant Nickel-Cobalt Discovery at Itapitanga, Brazil

Centaurus Metals (ASX:CTM) has announced that the first assays from its maiden RC drill program at the Itapitanga nickel‐cobalt project in Brazil have confirmed the discovery of significant high‐grade nickel and cobalt mineralization.

As quoted in the press release, managing director of Centaurus, Darren Gordon said:

“This is exactly the start we were hoping for. We have seen high quality mineralization in all of the holes, with several holes also outlining a high‐grade cobalt zone grading above 0.20 percent cobalt.

“We have over 5.0km of strike and the mineralization is over 500m wide in places, so now it’s about trying to understand the depth and grade of mineralization over this vast area. Our Phase 1 drilling will do this and put us into a better position to be able to understand just how big Itapitanga can be.

“The shallow nature, consistency and grade of the mineralization also bodes well, both for our ability to calculate a maiden JORC Resource quite quickly and for the future economic potential of the deposit. We are very excited by what we have seen to date, and we are looking forward to strong news‐flow from Itapitanga in the weeks and months ahead.”

Click here to view the full Centaurus Metals (ASX:CTM) press release.