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European Cobalt Ltd.

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Summary

Project:

Dobsina

Deposit:Joremeny Adit
Location:Slovakia
Commodities:Cobalt-Nickel
Date:10/19/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:19-10-2018: European Cobalt Ltd. announces an Exploration/Drilling Update report for its Joremeny Adit deposit at the Dobsina project. Drilling results incl. 5.43m @ 0.48% Co, 0.23% Ni from 0m. European Cobalt Ltd (“EUC” or “the Company”, ASX: EUC) is ple
Resources:x
CP/QP:[Overall Report]: Robert Jewson (Internal)
ABSTRACT:European Cobalt Ltd (“EUC” or “the Company”, ASX: EUC) is pleased to announce multiple high-grade cobalt-nickel intercepts from underground diamond drilling within the Joremeny Adit, Dobsina Project, Slovakia. The mineralisation intersected represents extensions to high grade channel sampling previously reported. The initial drilling has been completed using the Company’s man portable underground diamond drill rig in order to gain an understanding of the true width, geometry and grade of mineralisation within Joremeny. Two drill cuddy positions have been established underground to facilitate drill testing utilising the onram1000 drill rig. Of particular interest is the thickening of mineralisation in Do-J-HD-17, the width of mineralisation is greater than what has been observed in Joremeny Adit. Managing Director, Rob Jewson commented “After extensive refurbishment of the Joremeny Adit during the first half of CY2018 we are pleased to have received our first batch of assays arising from hand portable drilling of our priority target zone within Joremeny Adit extending across a 320m strike. The results to date have been highly encouraging. These results have validated the exploration strategy implemented. It is important to note that the mineralisation intersected is located within 5m of existing development. The hand-held diamond drilling has proven particularly effective at further understanding the geometry and grade of mineralisation within the Joremeny Adit. We look forward to providing further updates on the underground drilling within Joremeny Adit.”

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