Centaurus Metals Limited (ASX: CTM) has unveiled a new greenfields nickel sulphide discovery at the Tigre prospect within its 100%-owned Jaguar Nickel Sulphide Project in Brazil, further increasing the size and confidence of the project.
The Tigre prospect is interpreted to be the south-western extension of the McCandless Fault, one of the most important regional-scale mineralising structures in the Brazil’s Carajás region.
The new discovery sits only 4km from the proposed ROM pad for the Jaguar Nickel Project, presenting the potential to grow the project’s current resource of 58.9Mt @ 0.96% Ni for 562,600 tonnes of contained nickel metal and potentially add mine-life to the project.
Early success for maiden drill program
Centaurus reports that maiden greenfields RC drilling seems to have yielded early success, with significant nickel sulphide zones intersected from shallow depths in multiple holes at Tigre.
The Company has completed 11 drill holes for 1,494m to date as part of its maiden drill program at Tigre, with drilling focused on a FLEM conductor plate located in the north-western part of the prospect area. The plate is 150m long, strikes north-east, and dips 600 to the north-west, extending to 300m below surface.
Drilling intersected significant percentages of sulphide mineralisation over down-hole thicknesses of up to 10m over a strike length of at least 700m. Sulphides have been identified in all Tigre drill holes completed to-date, with hand-held XRF scans of RC chips and drill core indicating high nickel grades. Mineralisation remains open at depth and along strike.
The company noted that a diamond rig mobilised recently to Tigre reinforced RC results, intersecting a 5.8m zone of stringer and net-textured nickel sulphides from the first hole.
Exploration work powers ahead
Centaurus now has an impressive seven diamond rigs on site, with another rig scheduled to arrive within weeks to replace the RC rig which will move from Tigre to Dente de Sabre.
A further eight greenfields prospects are in the exploration pipeline, with the Leão prospect already delivering shallow mineralised over 200m of strike from first-pass drilling.
“Centaurus is firmly on track to become a global Top-10 nickel sulphide producer”
Centaurus Metals Managing Director Darren Gordon said: “The visual results are very encouraging and demonstrate the enormous prospectivity outside the known deposits, highlighting the opportunity to further expand the already significant Resource inventory at Jaguar. There is almost 100,000m of drilling within the known Jaguar Deposit limits with less than 5,000m of drilling covering the rest of the tenement. The fact that we have encountered significant new mineralisation so early in the program speaks volumes for this potential.
Jaguar is already a standout project in terms of scale and quality amongst undeveloped nickel sulphide projects worldwide and, at the planned nickel production rate of +20,000tpa, Centaurus is firmly on track to become a global Top-10 nickel sulphide producer. The exceptional growth potential we are now demonstrating can only further enhance Jaguar’s credentials as a potential source of clean, low-emission nickel sulphides to meet surging global nickel demand as the world moves rapidly to embrace electrification and decarbonisation.”
Images: Centaurus Metals Limited