White Cliff Minerals Ltd (ASX:WCN) has commenced an initial 3000-metre drilling program at its 100%-owned Coglia Well cobalt and nickel project in Western Australia’s north-eastern goldfields.
READ: White Cliff Minerals sees prospect for shallow cobalt nickel mining at Coglia Project
Todd Hibberd, managing director, said: “The company is very pleased to be able to commence drilling at the Coglia Well cobalt and nickel project.
“The 3000 metre program is aimed at verifying existing results and defining the grade and scale of the cobalt and nickel mineralisation.
“Success from this drilling will lead to a major drilling campaign to define JORC compliant cobalt and nickel resources.”
Cobalt and Nickel Mineralisation identified at Coglia Well
More cobalt for Electric Vehicles https://t.co/vxlsucXhnB pic.twitter.com/aahu9oSRU4
— White Cliff Minerals (@WCMinerals) February 5, 2018
Targeting areas of higher grade cobalt and nickel mineralisation
The Coglia ultramafic complex is part of a 100 kilometre-long trend of ultramafic rock running from Diorite Hill in the north to Mulga Tank in the south.
At Coglia Well, circa 2.5 kilometres of the 11.5 kilometres of strike have been partially drill tested, resulting in the identification of extensive cobalt and nickel mineralisation
White Cliff’s drilling program will target areas of higher grade cobalt and nickel mineralisation identified in previous drilling and will seek to extend mineralisation along strike to the south.
READ: White Cliff Minerals boosts cash balance for cobalt and gold exploration
The company’s drilling undertaken at Coglia Well in 2016 identified widespread cobalt and nickel mineralisation over an area 2,500 metres long and 500 metres wide with better intersections of:
• 28 metres at 0.12% cobalt and 0.55% nickel from 60 metres including 16 metres at 0.16% cobalt and 0.65% nickel; and
• 12 metres at 2.18% nickel and 0.06% cobalt including 4 metres at 2.95% nickel, 0.06% cobalt.
READ: White Cliff Minerals directors continue to demonstrate confidence in company through on-market purchases
Chairman Michael Langoulet recently acquired a further 1.5 million shares at $0.004 each, taking his holdings to more than 60.5 million shares.
Managing director Todd Hibberd has acquired more than 2.498 million additional shares on-market at $0.004 each, taking his total holdings to more than 68.5 million shares.