Accelerate Resources Ltd (ASX:AX8) has interested multiple semi-massive pyrite veins in diamond hole TCDD003 at the Thomas Creek Cobalt-Copper-Gold Prospect in Tasmania.
Core from the 357.9-metre hole targeting a large IP anomaly is being despatched to the laboratory for assaying.
The anomaly is directly below a surface sampling location which returned results of 3,300 ppm cobalt, 1.52% copper and 0.59 g/t gold in 2017.
READ: Accelerate Resources intersects high-grade cobalt at Mount Read project
The intersection of multiple zones of semi-massive pyrite veining in TCDD003 is similar to that hosting significant cobalt mineralisation associated with sulphide veining in TCDD001.
TCDD001 returned significant cobalt results from similar semi-massive pyrite veining including 3 metres at 0.23% cobalt.
The visually inspected core from this latest hole is highly encouraging and confirms the potential of the Thomas Creek copper-cobalt prospect to host further mineralisation in this large and relatively untested target.
Testing a 400x600 metre anomaly
Drill hole TCDD003 targeted a large chargeable IP anomaly 400 metres wide and 600 metres in length.
The depth to the top of the IP anomaly is about 100 metres below the surface.