Great Southern Mining (ASX:GSN) has discovered cobalt-scandium targets with up to 252 g/t scandium at its Mt Weld Project in Laverton, Western Australia.
A GSN analysis of reconnaissance aircore drilling was undertaken by previous tenement holders and identified thick mineralised horizons of scandium and cobalt over areas within a well-developed laterite.
First time “the tenure has been explored for cobalt and scandium”
Great Southern Mining executive chairman John Terpu said: “This is the first time that the tenure has truly been explored for cobalt and scandium.
“At a reconnaissance stage of exploration, the extent of the mineralisation is encouraging and has potential for a small but exceptionally high-grade deposit of what are scarce and valuable commodities.
“The fact that the tenure is within 15 kilometres of significant processing mills and infrastructure adds to the development potential of the project.
“Further drilling programs are being planned at targets on this newly acquired tenure later in 2019.”
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Four-metre composite assay samples from drilling returned up to 252 g/t scandium and 0.35% cobalt.
Outstanding results include:
12 metres at 116 g/t scandium and 4 metres at 0.02% cobalt;
12 metres at 132 g/t and 4 metres at 0.03%;
16 metres at 130 g/t and 8 metres at 0.4%; and
4 metres at 102 g/t and 0.16%
The company is in the process of re-assaying the samples for multiple elements including platinum and palladium.