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First Cobalt Corp.
Summary
| Project: | Keeley-Frontier | |
|---|---|---|
| Deposit: | Keeley | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver | |
| Date: | 2/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 2-2-2018: First Cobalt Corp. announces an Exploration/Drilling Update report for its Keeley deposit at the Keeley-Frontier project. Drilling results incl. 13.7m @ 106.2g/t Ag from 98.8m. TORONTO, ON — (February 1, 2018) – First Cobalt Corp. (TSX-V: FCC, A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Frank Santaguida (Internal) | |
| ABSTRACT: | TORONTO, ON — (February 1, 2018) – First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company”) is pleased to announce positive drill results from its 2017 drill program, intersecting 25 metres of fracture-controlled silver mineralization in the Canadian Cobalt Camp. “These results are very encouraging as further validation of our view that the Cobalt Camp material previously believed to be barren does in fact host disseminated material amenable to a bulk tonnage operation. We are in the early days of our drill campaign and these results demonstrate the potential for long cobalt and silver drill intercepts outside the historically mined vein systems.” First Cobalt’s drilling near the historic Keeley mine intersected a significant interval of 13.7 metres grading 106.2 g/t silver along the Woods Vein. Anomalous silver (up to 11.3 g/t Ag over 1.0m) was also encountered over an additional 4.0m above this interval and 7.0m immediately below, indicating the presence of a broad style of mineralization in material historically considered insignificant (Table 1). Within the interval, background cobalt values of up to 0.03% Co are present but base metals are generally low. Cobalt was intersected 200m further south along the Woods Vein with grades of 0.12% Co over 5.5m as well as in veins to the west containing up to 1.15% Co and 0.55% Ni over 0.42m (see December 19, 2017 press release). This suggests a possible metal zoning pattern of cobalt-rich and silver-rich mineralization may be present. | |
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