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Edison Cobalt Corp.
Summary
| Project: | Kittson-Cobalt | |
|---|---|---|
| Deposit: | Edison | |
| Location: | Canada | |
| Commodities: | Cobalt-Gold-Silver-Copper-Nickel | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2019: Edison Cobalt Corp. announces an Exploration/Drilling Update report for its Edison deposit at the Kittson-Cobalt project. Drilling results incl. 9.28m @ 0.07% Co, 0.001g/t Au, 0.1g/t Ag, 0.002% Cu, 0.023% Ni from 78.60m. Vancouver, British Colu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Neil Pettgrew (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - January 15, 2019) - Edison Cobalt Corp (TSXV: EDDY) ("Edison Cobalt" or the "Company") is pleased to announce final results from the summer-fall diamond drilling program targeting the historic Edison Mine area of their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. A total of 2,620 metres (21 holes) were completed during the summer-fall program, results from the final 8 holes of the program comprise this release. The First 12 holes of the program (see news release October 23, 2018) included intercepts up to 0.27% Co over 2.65 metres including 1.24% Co over 0.35. Highlights from the final 8 holes include, hole ED-18-013 which returned a wide intercept of 0.07% Co over 9.28 meters Including 0.88% Co over 0.31 meters. And hole ED-18-015 which encountered two zones returning 0.48% Co over 1.85 meters, including 0.55% Co over 1.02 meters and 0.46% Co over 2.05 meters. The program successfully intersected the fracture zone that hosts the Edison Mine mineralization over a strike length of ~150 metres and to a maximum depth of ~175 meters. The fracture zone ranged from 7 to 30 metres wide (drilled core length) and hosts several 0.1 - 2.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture and vein controlled cobalt mineralization in the form of smaltite and erythrite (cobalt bloom) occurred throughout this zone with values as high as 1.24% Cobalt over 0.35 meters. A full list of significant intersections from the final 8 holes of the program is provided in Table 1 below. A drill hole location map, an isometric view and cross section are shown here. (Click here to view Maps and Figures) Commenting on the latest results, Neil Pettigrew, President and CEO said: "We're very encouraged by the 2018 drill programs on the historic Edison Mine and throughout the Kittson-Cobalt Project. These results will help guide future drilling plans." | |
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