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First Cobalt Corp.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 1/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2019: First Cobalt Corp. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 28.8m @ 0.16% Co, 0.07% Cu from 246.4m. TORONTO, ON — (January 22, 2019) – First Cobalt Corp. (TSX-V | |
| 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 — (January 22, 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 extend mineralization at depth and continue to demonstrate thick mineralized areas between the two known zones as well as in the footwall and hangingwall of the current resource area. Trent Mell, President & Chief Executive Officer, commented: “Results from the drill campaign completed in December are showing very good continuity and consistency of mineralization. As expected, we have encountered mineralization at depth and in the footwall and hangingwall of the No Name and Waite Zones. In addition, mineralized intercepts between the two historic zones are occurring over appreciable widths, indicating the possibility that the two zones could in fact be a single, larger zone. A total of 13,000 metres were completed in phase two drilling and assays received to date provide a strong indication that the Company can show a significant enhancement over the maiden resource estimate. First Cobalt is well positioned for a rebound of the commodities sector. Important near term catalysts for shareholders include an update on the First Cobalt Refinery expected shortly and the Iron Creek resource estimate anticipated by March 31.” | |
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