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Bankers Cobalt Corp.
Summary
| Project: | Kabolela | |
|---|---|---|
| Deposit: | Kabolela | |
| Location: | Congo | |
| Commodities: | Copper-Cobalt | |
| Date: | 3/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-3-2018: Bankers Cobalt Corp. announces an Exploration/Drilling Update report for its Kabolela deposit at the Kabolela project. Drilling results incl. 6m @ 2.01% Cu, 0.05% Co from 34m. Vancouver, British Columbia - (March 16, 2018) – Bankers Cobalt Corp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adam Anderson (Internal) | |
| ABSTRACT: | Vancouver, British Columbia - (March 16, 2018) – Bankers Cobalt Corp. (TSXV: BANC) (the “Corporation” or “Bankers”) is pleased to announce results from the inaugural drill program at the Kabolela North concession in the Democratic Republic of Congo (the “DRC”). Exploration drilling began at Kabolela in November 2017 and 12 holes have been completed for a total of 1,403 meters. Assays have been received on the first holes and drilling is ongoing with additional results expected shortly. Stephen Barley, President and CEO of Bankers states, “We are very excited by the preliminary results from our very first drill program on the previously unexplored Kabolela concession indicating high-grade copper and cobalt in Kabolela North (see attached concession map). In terms of grade and depth, these results appear to be in line with producing mines in the region and follow the regional pattern of high-grade copper with pockets of cobalt. There are producing copper cobalt operations on the east and west side of Kabolela. Kabolela is favorably positioned to benefit Bankers’ shareholders from a new copper cobalt discovery in the DRC. We look forward to further defining the structure and potential size of this high-grade system.” All drill core has been submitted to SGS Lubumbashi for Cu and Co determination by AAS. The initial drilling program is intended to provide information on the orientation, width, and strike length of the mineralization discovered to date. Mineralization is contained in two sub-parallel fault hosted zones and is open along strike and down dip at this early stage of exploration. | |
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