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First Cobalt Corp.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 2/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2019: First Cobalt Corp. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 13.4m @ 2.22% Cu, 0.01% Co from 149.2m. TORONTO, ON — (February 13, 2019) – First Cobalt Corp. (TSX- | |
| Resources: | (Resource, Inf.): 29.6Mt @ 0.08% Co, 0.30% Cu for 45.4Mlbs Co, 175.4Mlbs Cu contained | |
| CP/QP: | [Overall Report]: Frank Santaguida (Internal) | |
| ABSTRACT: | TORONTO, ON — (February 13, 2019) – First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to report drill results from its Iron Creek Cobalt Project in Idaho, USA, that continue to extend the strike and width of the mineralized zones while also identifying more copper-rich areas to the west of the deposit. Trent Mell, President & Chief Executive Officer, commented: “In 2018, electric vehicle sales in America were up 81%. Worldwide, more than 2 million EVs were sold, still representing just 2% of the global market. This upward trend is expected to continue to gain momentum as many of the larger automotive companies prepare to rollout new EV models over the next eighteen months. “The Iron Creek deposit in Idaho, USA is one of a few primary cobalt deposits in the world and it also derives substantial value from copper mineralization. Today’s results support our view that copperrich areas provide options for mine planning. There are 18 drill holes pending which will be included in an updated mineral resource estimate that is expected at the end of March. We anticipate a notable enhancement over the maiden resource estimate we released in September with still further upside, as the deposit remains open in all directions.” | |
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