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Coziron Resources identifies nickel targets at Shepherds Well

Coziron reported up to 3600 ppm nickel at the Dorper Rise Prospect.
Coziron Resources identifies nickel targets at Shepherds Well
Coziron’s projects have iron-ore as the principal target

Coziron Resources (ASX:CZR) has identified nickel, cobalt and gold anomalies in soil samples collected from its Shepherds Well Project in the Pilbara region of Western Australia.

A 600-metre by 300-metre wide area at the Dorper Rise Prospect reported up to 3600 ppm nickel, 1820 ppm chromium, 150 ppm cobalt and 220 ppb gold.

The results indicate that Dorper Rise is prospective for sulphide-hosted nickel.

Coziron is exploring the Yarraloola, Shepherds Well, Buddadoo and Yarrie projects in Western Australia.

The projects have iron-ore as the principal exploration target but systematic fieldwork at Shepherds Well has identified opportunities for nickel, gold and base-metal mineralisation.

The higher levels of nickel with other sulphide-associated elements within talc carbonate schists at Shepherds Well represents a target for drilling.

Coziron is also planning to carry out infill sampling to the east of the Dorper Rise prospect, over the felsic rocks which are anomalous in gold and base-metals (lead + zinc).

The company recently received magnetite-rich diamond-core results from its Ashburton magnetite project, part of the Yarraloola Project in West Pilbara.

Ashburton Magnetite Project has an exploration target of 816 - 1,567 million tonnes of magnetite with a mass magnetite yield of +30% and magnetite concentrate containing +65% iron.

Coziron’s share price has increased 20% since the start of 2017, last trading at $0.012.



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Newswire
December 18 2015

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