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First Cobalt Corp.
Summary
| Project: | Keeley-Frontier | |
|---|---|---|
| Deposit: | Kerr | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver-Copper-Nickel | |
| Date: | 5/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-5-2018: First Cobalt Corp. announces an Exploration/Drilling Update report for its Kerr deposit at the Keeley-Frontier project. Drilling results incl. 4.6m @ 0.27% Co, 11g/t Ag, 0.03% Ni, 0.21% Cu, <0.01% Pb, 0.38% Zn from 187m. TORONTO, ON — (May 3, 20 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Frank Santaguida (Internal) | |
| ABSTRACT: | TORONTO, ON — (May 3, 2018) – First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to announce that results of recent drilling have doubled the strike length of the mineralized zone in the Kerr area to over 200 metres. Further potential for mineralization exists along strike of this newly-identified mineralized zone, located south of Kerr Lake in the Cobalt North area of the Canadian Cobalt Camp. The Kerr area contains several drill targets, with the Kerr #2 target now a priority for follow up. Trent Mell, President & Chief Executive Officer, commented: “In short order First Cobalt has doubled the strike length of a newly discovered cobalt-rich zone and there is potential to increase this further. This is a testament to the integrated geological model our team has developed and continues to update with new data. The presence of a network of veins and disseminated mineralization across more than 200 metres is encouraging for our strategy of identifying open pit targets in this historic Canadian mining district. Our 2018 drilling program will continue targeting 15 areas containing past-producing mines, but the Kerr area is now a high priority for exploration work.” Drilling in the Kerr #2 target in Cobalt North has confirmed that a zone of cobalt mineralization recently identified by First Cobalt (see March 26, 2018 press release) extends across more than 200 metres, double the size initially recognized. A network of multiple veins, at various orientations, containing cobalt and several other metals has been intersected along with disseminated mineralization. Further potential for mineralization exists along strike and additional drilling will continue to test the target. Drill holes are designed using a 3D geological model of the entire Kerr area compiled by First Cobalt and based on digital compilation of historic mine workings, integrated with exploration drilling and surface bedrock geology maps. At the Kerr #2 target, elevated silver was intersected by historic drilling but not developed by underground mining. Four holes were initially planned to test this intersection along the general trend of mineralization in the area. Assay results from two holes, FCC-18-0021 and FCC-18-0023 collared over 160m apart, | |
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