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First Cobalt Corp.
Summary
| Project: | Greater Cobalt | |
|---|---|---|
| Deposit: | Bellellen Mine, Keeley-Frontier, Haileyburn | |
| Location: | Canada | |
| Commodities: | Cobalt-Nickel | |
| Date: | 3/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 22-3-2018: First Cobalt Corp. announces an Exploration/Drilling Update report for its Bellellen Mine, Keeley-Frontier, Haileyburn deposit at the Greater Cobalt project. Summary of exploration completed at property since 2017 acquisition and merger. InnovE | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephane Faure, Marc Beauvais, Catherine Jalbert (InnovExplo Inc.) | |
| ABSTRACT: | InnovExplo Inc. (“InnovExplo”) was commissioned by First Cobalt Corp. (“First Cobalt” or the “issuer”) to complete a Technical Report for the Cobalt Project (the “Project”) in accordance with Canadian Securities Administrators’ National Instrument 43-101 Respecting Standards of Disclosure for Mineral Projects (“NI 43-101”) and Form 43- 101F1. The mandate was assigned by Mr. Trent Mell, President and CEO of First Cobalt. This Technical Report presents the exploration work completed by First Cobalt in 2017 following an acquisition and a merger. The environmental aspects of the Project are also described. First Cobalt is exploring approximately 3,000 hectares of prospective land in the Cobalt Camp in Ontario, Canada. This region includes the historically significant Keeley-Frontier, Haileybury and Bellellen mines. In 2017, the issuer completed the acquisition of Cobalt Industries of Canada Inc., and a merger with Cobalt One Limited (“Cobalt One”) and CobalTech Mining Inc. (“CobalTech”). On June 7 2017, First Cobalt acquired a 100% interest in 22 claims totalling 848 hectares in Cobalt, Ontario by making a $325,000 cash payment to Brixton Metals Corp. The claims cover prospective ground at both the southern and northern ends of the mining camp, near Silver Centre and Cobalt, respectively. The Technical Report was prepared by InnovExplo to describe the asset condition of First Cobalt following the acquisition and merger completed in 2017. The Cobalt Project is subdivided into three properties: Cobalt North, Cobalt Central and Cobalt South (the “Properties”). The Cobalt Project is an exploration project with historical development and production of major quantities of silver and cobalt. | |
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