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First Cobalt Corp.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 2/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2019: First Cobalt Corp. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 13.1m @ 0.04% Cu, 0.27% Co from 21.9m. Trent Mell, President & Chief Executive Officer, commented: “ | |
| 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: | Trent Mell, President & Chief Executive Officer, commented: “We are very pleased that the higher grade cobalt mineralization we have seen in Adit#1 continues to extend to depth. Equally impressive is the doubling of the strike extent since the September 2018 resource estimate, with cobalt and copper mineralization spanning over a 900-metre area. I look forward to delivering an updated resource estimate to our investors at the end of next month.” The holes reported today were drilled from the eastern extent of the current resource area (Figure 1). Three holes were drilled below Adit#1 and extend mineralization downdip an additional 100m beyond the 200m already identified this year, to a total of 300m and mineralization remains open at depth. The other two holes were drilled to test beyond the resource area to the east. These holes returned grades comparable to those of the 2018 Inferred resource estimate and extend mineralization an additional 75m to the east. Extending mineralization along strike and at depth continues to suggest favourable tonnage potential for an updated resource estimate. Mineralization has now been traced along a continuous strike of nearly 900m, or nearly double that of the current Inferred resource estimate. | |
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