RNX provided a brief breakdown of the initial Mongoose Deeps geological drill core in relation to it being an IOGC style ore body. They also mentioned they are assaying for cobalt, why is this important?
Cobalt is an element that can sometimes be associated with IOGC deposits. While not always a major component, it can be economically important if present in sufficient concentrations. RNX will likely be assaying for cobalt because:
- Exploration vector: The presence of cobalt could be an indicator of a larger IOGC system, which could host additional copper and gold mineralization. Cobalt is a pathfinder element for the target mineralization at Mongoose Deeps. Pathfinder elements are those that often concentrate around the main ore zone and can guide drilling towards the economic deposit.
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RNX provided a brief breakdown of the initial Mongoose Deeps...
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