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First Cobalt Corp.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 3/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-3-2019: First Cobalt Corp. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 12.0m @ 0.01% Cu, 0.20% Co from 383.4m. TORONTO, ON — (March 4, 2019) – First Cobalt Corp. (TSX-V: FC | |
| 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 — (March 4, 2019) – First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to report that a 611-metre drill hole has extended mineralization by an additional 150 metres downdip in the central portion of the Iron Creek Cobalt Project in Idaho, USA. Trent Mell, President & Chief Executive Officer, commented: “We have doubled the depth extent of mineralization across the entire deposit and it still remains open. With good continuity of grade and thickness, we can now extend the deposit more quickly and cost-effectively with wider spaced step out holes. The future potential remains high beyond the next resource update as each step-out has shown mineralization remains open at depth and along strike. An updated resource estimate will be published in about a month, incorporating more than 13,000 metres of drilling. “Confidence is returning to the cobalt market as EV sales continue to set new records in the face of lower mine production forecasts in 2019. Our Iron Creek Project and the near term cash flow potential of the First Cobalt Refinery provide direct exposure for investors seeking leverage to the electric vehicle revolution.” The No Name Zone has now been traced to | |
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