Cobalt heavy IOCG discovery coming soon Cobalt mineralisation commences immediately below the base of overburden in both holes. The holes intersected a mafic quartzite which has been flooded with magnetite and disseminated pyrite. It is this pyrite that hosts the cobalt mineralisation.
Since disseminated pyrite is very amenable to detection by the IP method, IP is considered a very useful tool for directly mapping potential mineralisation size, location and geometry. Mick Sharry, President and COO of Chilean Metals commented as follows: “We are very pleased and encouraged by the strength and very large scale of the IP anomaly at Trident. The IP highlights the area of historic drilling which has returned strong cobalt assays but indicates that this is only a small part of a much larger anomaly which starts very near surface and has excellent depth extent.
Just for reference, a body with dimensions 800m x 200m x 200m would represent a mass of approximately 86Mt which could be globally significant.
Read more at https://stockhouse.com/news/press-releases/2019/02/28/chilean-metals-provides-pdac-update#7B0PURHo1wqeyBTi.99