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First Cobalt Corp.
Summary
| Project: | Keeley-Frontier | |
|---|---|---|
| Deposit: | Kerr | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver-Copper-Nickel | |
| Date: | 5/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-5-2018: First Cobalt Corp. announces an Exploration/Drilling Update report for its Kerr deposit at the Keeley-Frontier project. Drilling results incl. 1.4m @ 0.82% Co, 9.5g/t Ag, 0.16% Ni, 0.21% Cu, 0.16% Pb, 0.04% Zn from 126m. TORONTO, ON — (May 24, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Frank Santaguida (Internal) | |
| ABSTRACT: | TORONTO, ON — (May 24, 2018) – First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to announce that results of recent drilling have further extended the strike length of the mineralized zone in the Kerr area to over 350 metres. Results to date from this recently-identified mineralized zone located south of Kerr Lake in the Cobalt North area of the Canadian Cobalt Camp confirm the area hosts a near-surface network of cobalt veins and disseminated mineralization associated with silver and nickel, as well as copper, zinc and lead. Trent Mell, President & Chief Executive Officer, commented: “These results have reinforced our confidence in the geological model we have developed for drill targeting in the Cobalt Camp. The Kerr area results support our thesis for the Camp that there is considerable potential for near-surface cobalt mineralization. We have extended the strike length of mineralization and established a more robust understanding of the geologic controls to cobalt mineralization that can be applied to future targeting.” Recent drilling in the Kerr #2 target in Cobalt North has extended the length of the zone of cobalt mineralization initially recognized by First Cobalt (see March 26, 2018 and May 3, 2018 press releases) to more than 350 metres. A network of multiple veins at various orientations containing cobalt and several other metals has been intersected along with disseminated mineralization. | |
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