Northern Cobalt (N27.ASX) Stanton hitting high grade - better than we had hoped for (+40%)
Assays out for the first 5 RC holes at Stanton (note on drilling program HERE) We had hoped they would at least replicate the old RIO/CRA holes, which they did and more. With the first 500m's of drilling released 164m were mineralised with Co above 0.05% and 120m's above 0.15%. This goes a long way to pointing toward and JORC upgrade.
- First 5 of 57 holes
- Highlights include 37 metres at 0.28% cobalt (Co), 18 metres at 0.33% Co and individual metre grades of up to 2.13% Co
- Majority of assays outside of current resource boundary.
Next assays should be out late next week. So in a hot Co market (N27 has turned over 14m.5 shares today and there are only 24m tradeable), this will be closely watched and traded I suspect. N27 extended the drilling on Stanton during the campaign, as they wanted to test an extension to the SE, and it looks like it may extend at depth in parts. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Tom is a Founder and Head of Wealth Management. Since 2012, he has been running the Alpine Model Portfolios, focusing on macroeconomics and tactical equity positioning. These portfolios were initially created as a solution for "core wealth management" for Alpine's HNW clients, and are now openly available online through the website. Everything starts with the macro, and then we work back from there in terms of asset allocation and positioning for risk. We work with leading independent research providers and have a structured approach that has worked very well over time. Outside of the core portfolios, we look for opportunities in the small to mid-cap sectors of the market, where our experience can add value.
2 topics
Comments
Comments
Sign In or Join Free to comment