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First Cobalt Corp.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 10/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2018: First Cobalt Corp. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 25.7m @ 0.35% Co, 0.62% Cu from 124.7m. TORONTO, ON — (October 24, 2018) – 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 — (October 24, 2018) – First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to report new drill results from its Iron Creek Cobalt Project in Idaho, USA. Results reported today demonstrate thicker cobalt mineralized zones as well as mineralization between the two recognized zones. Trent Mell, President & Chief Executive Officer, commented: “Today’s drill results from our flagship asset support the development vision for the future of the Iron Creek Project. We now have three drill rigs on site for infill and extensional drilling as we work towards updating the mineral resource estimate in early 2019.” Assay results reported today infill previous drilling in the eastern portion of both the No Name and Waite Zones (Figure 1). Drilling specifically targeted mineralization near surface around Adit#1 using a relatively tight spacing of less than 20m, which could be considered appropriate for Indicated Resource estimation (Figure 2). Surface and underground drilling from the eastern extent of the resource identified higher grades of cobalt and copper mineralization (up to 0.61% Co and 2.02% Cu over 2.7m true width) within broader intervals of mineralization in the No Name Zone. All six holes intersected cobalt and copper mineralization in between the two recognized zones, No Name and Waite. Based on the current drilling data, these mineralized intervals between the zones in the eastern portion of Iron Creek support development vision of the Company’s pit constrained maiden resource estimate (see September 26 press release). More infill drilling is planned to test the continuity of mineralization in this area. | |
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