Centaurus Metals Identifies IOCG Targets at Salobo West Project
West Perth, WA / November 20, 2017 / JMN Wire / Centaurus Metals (ASX: CTM) is pleased to announce that it has identified additional IOCG‐style copper‐gold targets at its 100%‐owned Salobo West Project in the world‐class Carajás Mineral Province (“Carajás”) in northern Brazil, with soil geochemistry assays for the SW1‐A Prospect area delineating an extensive +3.2km long Cu‐Au(‐Co) anomaly that is locally up to 800m wide (see Figure 1).
The Cu‐Au(‐Co) soil anomaly defined at SW1‐A represents an outstanding IOCG target, hosted in the same stratigraphic sequence as, and just 15km along strike from, Vale’s giant Salobo Copper‐Gold Mine, arguably the second‐biggest IOCG in the world behind BHP’s Olympic Dam Mine.
- Results from soil geochemistry for the SW1‐A Prospect area at Salobo West, which lies within the world‐class Carajás Mineral Province in northern Brazil, have delineated an extensive +3.2km long copper‐gold anomaly, which is up to 800m wide locally.
- The extensive Cu‐Au(‐Co) soil anomaly represents an outstanding IOCG target, hosted in the same stratigraphic sequence and just 15km along strike from Vale’s giant Salobo Copper‐Gold Mine, arguably the second‐biggest IOCG in the world.
- Both the SW1‐A and SW1‐B Prospects host multiple IOCG drill targets, as well as displaying geological, structural, geochemical and geophysical characteristics similar to other known IOCG deposits in the Carajás.
- Centaurus has been able to retrieve an extensive database of historical information on the Salobo West Project which it is currently validating, analysing and re‐processing where necessary, with results to be released in the coming weeks.
- Licencing for drilling is being advanced with the environmental agency responsible for the region (ICMBio), with the relevant approvals anticipated to be available early in 2018 to facilitate the commencement of drilling following the end of the regional wet season.