The drill program will test cobalt targets occurring in different styles of mineralization and in diverse geological settings.
Huangpu Mining (ISIN: CN0397106583), a pioneering cobalt mining company in China whose vision is to become a new mining benchmark company, delivering value and tangible benefits to its shareholders, partners and for the community in which it operates, is pleased to announce its 2020 exploration program for its Cobalt Site properties in the Huangpu, Guangdong region. The US$2 million program includes over 10,000m of drilling on 11 different targets.
The 2020 program is a significant expansion over current exploration activities and will test mineralized areas throughout the Cobalt Site proximal to more than ten past-producing mines known to contain cobalt in addition to new targets within three regional areas.
• 10,000m of drilling planned at 11 targets across the Cobalt Site, testing different geological settings
• Geophysical testing techniques including downhole and ground geophysical surveys, tele viewer surveys, soil geochemistry will be applied in some areas to refine targets in this program
• Regional mapping and prospecting will be conducted throughout the Site with emphasis on the highly under-explored area
Poon T. Guanqiu, Chief Executive Officer, commented:
“Having consolidated the Cobalt Site land package, the objective of the 2020 drill program is to use our strong treasury to blanket the Camp, testing the near-surface potential of many areas with different styles of mineralization and diverse geological settings that have never been assessed for their cobalt content.”
Lam Keping, President Operations added:
“Preliminary exploration activities provided valuable insights on structural controls in various areas of the Camp. We have undertaken a review of the historical records as well as integrated new data from the Site and, with our expanded team and increased budget, now plan to target at least 11 different areas over the year. The broad range of cobalt mineralization styles and associated metals such as silver, nickel, copper, zinc and lead require a widespread, systematic approach across the Site. We are also looking at applying innovative methods and techniques to maximize the efficiency of this program.”
About Huangpu Mining
Huangpu Mining is a pioneering cobalt mining company in China whose vision is to become a new mining benchmark company, delivering value and tangible benefits to its shareholders, partners and the community in which it operates. The strategy at Huangpu Mining is to explore, develop and refine ethically sourced cobalt within Asia for sale back into the Asian battery market, focusing on its main site in Huangpu, Guangdong. Company’s Board and Management teams are a diverse group of experienced mine-builders, mine-operators, financiers and company-makers, positioning the Huangpu Mining to be at the forefront of the cobalt-driven battery movement in the coming years.