Day Trading Pre Open - 22 October 2018, page-47 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Chris2184 ↑

CTM NEW HIGH‐GRADE NICKEL TARGETS IDENTIFIED AS ITAPITANGA DISCOVERY CONTINUES TO GROW Outstanding results of up to 2.44% Ni and 0.22% Co from auger drilling well beyond the current Exploration Target; planning underway for a second phase of RC drilling Highlights:  Ongoing hand‐held auger drilling from multiple zones outside the current Exploration Target limits has identified new high‐grade nickel‐cobalt mineralisation. Latest results include (all following holes finished in mineralisation):  4.7m @ 2.44 % nickel and 0.03% cobalt from 5.0m to 9.7m (EOH) in ITAP‐AG00076;  4.0m @ 1.13 % nickel and 0.11% cobalt from 1.0m to 5.0m (EOH) in ITAP‐AG00139;  5.0m @ 0.87 % nickel and 0.22% cobalt from 2.0m to 7.0m (EOH) in ITAP‐AG00128;  3.0m @ 0.84 % nickel and 0.21% cobalt from 1.0m to 4.0m (EOH) in ITAP‐AG00127;  5.0m @ 0.73 % nickel and 0.15% cobalt from 2.0m to 7.0m (EOH) in ITAP‐AG00099;  2.7m @ 1.21 % nickel and 0.07% cobalt from 2.0m to 4.7m (EOH) in ITAP‐AG00078; and  2.6m @ 1.09 % nickel and 0.08% cobalt from 2.0m to 4.6m (EOH) in ITAP‐AG00077.  Drilling has confirmed the continuation of high‐grade nickel cobalt mineralisation in the Daniel’s Creek Fault Zone, where the first phase of RC drilling returned the best results to date including ITAP‐RC‐18‐ 127 (32m at 1.02% Ni and 0.13% Co) and ITAP‐RC‐18‐139 (15.0m at 0.92 % Ni and 0.22% Co).  The Daniel’s Creek Fault zone represents 300m of untested strike potential.  Drilling along 2.5km of strike on the western limits of the Northern Target has also intersected new mineralisation, demonstrating that the main zone remains open to the west and south‐west.  A new North‐eastern Target has also been identified which is approximately 500m long and 200m wide and represents the tail of Vale’s neighbouring Jacarezinho Nickel Laterite Project.  The drilling licence application to undertake further RC drilling in the Daniel’s Creek Fault zone and the surrounding wetlands and vegetated areas at Itapitanga is progressing well

Expand

CTM NEW HIGH‐GRADE NICKEL TARGETS IDENTIFIED AS ITAPITANGA DISCOVERY CONTINUES TO GROW Outstanding results of up to 2.44% Ni and 0.22% Co from auger drilling well beyond the current Exploration Target; planning underway for a second phase of RC drilling Highlights:  Ongoing hand‐held auger drilling from multiple zones outside the current Exploration Target limits has identified new high‐grade nickel‐cobalt mineralisation. Latest results include (all following holes finished in mineralisation):  4.7m @ 2.44 % nickel and 0.03% cobalt from 5.0m to 9.7m (EOH) in ITAP‐AG00076;  4.0m @ 1.13 % nickel and 0.11% cobalt from 1.0m to 5.0m (EOH) in ITAP‐AG00139;  5.0m @ 0.87 % nickel and 0.22% cobalt from 2.0m to 7.0m (EOH) in ITAP‐AG00128;  3.0m @ 0.84 % nickel and 0.21% cobalt from 1.0m to 4.0m (EOH) in ITAP‐AG00127;  5.0m @ 0.73 % nickel and 0.15% cobalt from 2.0m to 7.0m (EOH) in ITAP‐AG00099;  2.7m @ 1.21 % nickel and 0.07% cobalt from 2.0m to 4.7m (EOH) in ITAP‐AG00078; and  2.6m @ 1.09 % nickel and 0.08% cobalt from 2.0m to 4.6m (EOH) in ITAP‐AG00077.  Drilling has confirmed the continuation of high‐grade nickel cobalt mineralisation in the Daniel’s Creek Fault Zone, where the first phase of RC drilling returned the best results to date including ITAP‐RC‐18‐ 127 (32m at 1.02% Ni and 0.13% Co) and ITAP‐RC‐18‐139 (15.0m at 0.92 % Ni and 0.22% Co).  The Daniel’s Creek Fault zone represents 300m of untested strike potential.  Drilling along 2.5km of strike on the western limits of the Northern Target has also intersected new mineralisation, demonstrating that the main zone remains open to the west and south‐west.  A new North‐eastern Target has also been identified which is approximately 500m long and 200m wide and represents the tail of Vale’s neighbouring Jacarezinho Nickel Laterite Project.  The drilling licence application to undertake further RC drilling in the Daniel’s Creek Fault zone and the surrounding wetlands and vegetated areas at Itapitanga is progressing well