Broken Hill Prospecting (ASX: BPL) is is seeking to develop cobalt and base metal projects at Thackaringa, NSW, near the world renowned Broken Hill mining centre.
Broken Hill Prospecting (ASX: BPL) has returned intersections of 45 metres at 3.85 pounds per tonne (lb/t) cobalt from drilling at the Railway Cobalt Prospect in New South Wales.
Wide spaced drilling has intersected near surface cobalt mineralisation, with highlights including:
- 18 metres at 5.08lb/t cobalt from 106 metres, including 11 metres at 6.7lb/t cobalt;
- 45 metres at 3.85lb/t cobalt from 27 metres, including 9 metres at 4.89lb/t cobalt; and
- 15 metres at 2.92lb/t cobalt from 144 metres.
Mineralisation has been identified over strike length of 1.5 kilometres by 300 metres width. It remains open along trend and at depth.
The drilling program was designed to explore for new deposits of economic, near surface cobalt mineralisation to complement the company’s existing resources at the nearby Pyrite Hill and Big Hill Cobalt deposits.
Pyrite Hill and Big Hill host a combined JORC Inferred Resource of 20.8 million tonnes at 1.87lb/t cobalt, with potential for an extra 14-24 million tonnes of similar grade material.
Importantly, cobalt intercepted at the Railway deposit is similar in thickness, but more than double the cobalt grade, to mineralisation at Pyrite Hill and Big Hill.
Further assays from the drilling program at Railway are pending.
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