Centaurus finds nickel sulphides in first drill holes at Jaguar

• Centaurus Metals has announced drilling at the Jaguar Nickel Sulphide Project has intersected multiple broad zones of nickel sulphides
• The company is conducting a 10,000 metre drilling program at the Jaguar South and Onca-Preta deposits to extend and identify high-grade nickel sulphide zones
• Drilling is ongoing and assays are expected mid-next month
• Centaurus Metals’ shares are up 3.33 per cent, and trading for 1.6 cents each

Centaurus Metals has announced drilling at the Jaguar Nickel Sulphide Project has intersected multiple broad zones of semi-massive and massive nickel sulphides.

The company is conducting a maiden drilling campaign at the project in north-eastern Brazil.

So far, three diamond holes (515 metres) have been drilled for the 10,000 metre drill program targeting the Jaguar South and Onça-Preta deposits.

Geologists have indicated the sulphide zones correlate “extremely well” with historical high-grade nickel sulphide intersections and with the down-hole electromagnetic (DHEM) and fixed loop electromagnetic (FLEM) conductor plates.

“We’re delighted to have intersected multiple broad zones of semi-massive to massive nickel sulphides in our very first drill holes at both the Jaguar South and Onça-Preta deposits,” Managing Director Darren Gordon said.

“We have two clear objectives with our maiden drill campaign at Jaguar – firstly to extend the known high-grade nickel sulphide intersections and, secondly, to identify new high-grade nickel sulphide zones,” he added.

Jaguar South extends over a 1.4 kilometre strike length and is open at depth and along strike to the east.

Inspections have indicated the JAG-DD-19-002 hole intersected similar characteristics to historical drill hole PKS-JAGU-DH00065, which returned an intercept of 34 metres at 3.31 per cent nickel.

Drilling of the JAG-DD-19-005 hole at the Jaguar South Deposit is already underway with additional step-out holes planned to further test the along strike and down-dip extensions of the highly conductive DHEM plate.

The Onça-Preta deposit hosts a strong 100 metre-long DHEM conductor plate
located within a broader long FLEM conductor that’s similar to historical nickel sulphides.

Diamond drill-hole JAG-DD-19-001 was drilled to confirm the continuity of high-grade mineralisation as seen in PKS-JAGU-DH00014.

JAG-DD-19-003 was drilled on a previously untested section, 50 metres along strike from JAG-DD-19-001.

Drilling at JAG-DD-19-004 is currently underway along with logging and sampling.

First assay results are expected in mid-December.

Centaurus Metals’ shares are up 3.33 per cent, and trading for 1.6 cents each at 12:02 pm AEDT.