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Cobalt Power Group Inc.
Summary
| Project: | Smith | |
|---|---|---|
| Deposit: | Smith | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver-Copper-Nickel-Zinc | |
| Date: | 11/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2017: Cobalt Power Group Inc. announces an Exploration/Drilling Update report for its Smith deposit at the Smith project. Drilling results incl. 0.1m @ 1.71% Co, 42.5g/t Ag from 182m. VANCOUVER, Nov. 14, 2017 /CNW/ - Cobalt Power Group Inc. (the "Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris M. Healey (Internal) | |
| ABSTRACT: | VANCOUVER, Nov. 14, 2017 /CNW/ - Cobalt Power Group Inc. (the "Company") (TSX.V: CPO, OTC Pink: CBBWF) is pleased to report positive results from the Phase 1, 9-hole, 1,896 m (6,220 ft.) drill program at its Smith Cobalt project in Cobalt, Ontario. "We have attained our primary objective for the drill program: to verify the trace of the vein swarms mapped from historical mine workings. From the old mine data, we know that cobalt and silver grades within the veins are highly variable and contain an extreme nugget effect. This has been verified by extensive outcrop sampling," Chris M. Healey, P.Geo and VP Exploration, comments. "We intersected several zones with high-grade cobalt and silver. Adding even more potential for this property is the fact that we encountered zones of base metal mineralization (Cu, Ni, Zn) as well." "The results of this first round of drilling are encouraging. Not only have we confirmed the presence and trend of the veins indicated on historic maps of Smith Cobalt, but we've also established that they are mineralized," comments Dr. Andreas Rompel, President & CEO. "We have intersected significant cobalt grades as well as base metal grades in copper, nickel and zinc. For confirmation of grade and strike extent of the veins intersected around the Smith Cobalt shaft, we are looking forward to Phase 2 drill results. These combined results will assist us with the interpretation process needed for the next steps in the exploration of the Smith Cobalt project and environs." | |
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