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Bankers Cobalt Corp.
Summary
| Project: | Kabolela | |
|---|---|---|
| Deposit: | Kabolela | |
| Location: | Congo | |
| Commodities: | Copper-Cobalt | |
| Date: | 4/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2018: Bankers Cobalt Corp. announces an Exploration/Drilling Update report for its Kabolela deposit at the Kabolela project. Drilling results incl. 6m @ 3.69% Cu, <0.05% Co from 72m. Vancouver, British Columbia - (April 4, 2018) – Bankers Cobalt Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adam Anderson (Internal) | |
| ABSTRACT: | Vancouver, British Columbia - (April 4, 2018) – Bankers Cobalt Corp. (TSXV: BANC; OTCQB: NDENF; FSE: BC2) (the “Corporation” or “Bankers”) is pleased to announce further high-grade copper results from the ongoing drill program at the Kabolela North concession in the Democratic Republic of Congo (DRC). Kabolela North, Hole KADD013 has returned 3.69% Copper over 6m from 72m – 78m depth extending the zone originally discovered in Hole KADD011(3.17% copper over 4m from 28m) and Hole KADD012 (2.01% copper over 6m from 34m; including 1m @ 0.3% cobalt from 39m). A total of 1,537 meters have been drilled to date on the first ever drilling campaign conducted at Kabolela. Thirteen holes have been released to date with additional holes pending from the Kabolela discovery zone. Stephen Barley, President and CEO states, “We are excited by our initial drilling at Kabolela North. To place our results in perspective, public records for the operating Boss Mine located three kilometers west of Kabolela show an estimated mineral resource of 75.1Mt averaging 2.2% copper and 0.2% cobalt. Copper is an important aspect of our business plan as cobalt invariably comes as a credit to copper in the DRC and regional geology indicates the frequent occurrence of high grade copper with pods of higher grade cobalt similar to our recent results.” Note: Mineralization at Kabolela North may not be necessarily indicative of mineralization at the Boss Mine which will be determined with additional work at Kabolela North. | |
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