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First Cobalt Corp.
Summary
| Project: | Keeley-Frontier | |
|---|---|---|
| Deposit: | Keeley | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver | |
| Date: | 2/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 6-2-2018: First Cobalt Corp. announces an Exploration/Drilling Update report for its Keeley deposit at the Keeley-Frontier project. Drilling results incl. 30.2m @ 0.07% Co, 5g/t Ag, 0.04% Ni from 22.8m. TORONTO, ON — (February 5, 2018) – First Cobalt Corp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Frank Santaguida (Internal) | |
| ABSTRACT: | TORONTO, ON — (February 5, 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 over 30 metres of disseminated cobalt mineralization in the southern part of the Canadian Cobalt Camp. Multiple drill intercepts in this area demonstrate that cobalt mineralization likely occurs as a broad zone, over approximately 350 metres of strike length associated with the historically mined Woods Vein and other transecting structures. “A key objective of our maiden drill program has been realized. We have demonstrated that disseminated cobalt and silver mineralization exist near-surface and outside the veins that were the focus of historic underground mining operations, confirming findings from our 2017 surface sampling and prospecting. Drilling is now underway at the Bellellen mine in Cobalt South and shortly thereafter we will drill targets in Cobalt North.” First Cobalt has intersected a broad zone of cobalt mineralization in drill hole KF-KV-0013 (Figure 1), including over 30m of disseminated cobalt mineralization at 0.07% Co, at a vertical depth of 25 metres from surface (Figure2). Within this zone, 15.7 metres grade 0.12% Co, including 6.2 metres at 0.21% Co (Table 1). The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported. Overall, more than 70m of anomalous cobalt (>0.03%) were intersected 200m to the south of KF-K3-0001, which intersected 25m of silver mineralization (reported February 1, 2017)1 . Anomalous cobalt and silver occur in several drill holes to the north and along strike of the Woods Vein. | |
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