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First Cobalt Corp.
Summary
| Project: | Larder Lake | |
|---|---|---|
| Deposit: | Larder Lake | |
| Location: | Canada | |
| Commodities: | Cobalt | |
| Date: | 9/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-9-2017: First Cobalt Corp. announces an Exploration/Drilling Update report for its Larder Lake deposit at the Larder Lake project. Summary of exploration work on the Larder Lake project. This technical report (the “Report”) was prepared by CSA Global Ca | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Trinder (CSA Global Geosciences Canada Ltd.) | |
| ABSTRACT: | This technical report (the “Report”) was prepared by CSA Global Canada Geosciences Ltd (CSA Global) at the request of Mr Peter Campbell, Vice President Business Development of First Cobalt Corp. (“First Cobalt” or “the Issuer” or “the Company”) and focuses on the exploration potential of the Issuer’s Greater Cobalt Project (“Project”) in Ontario. The Report is specific to the standards dictated by National Instrument 43-101 (“NI 43-101”), companion policy NI43-101CP and Form 43-101F1 (Standards of Disclosure for Mineral Projects). This Report is dated 31 July 2017 with an Effective Date of 15 June 2017. First Cobalt’s Greater Cobalt Project in eastern Ontario comprises one group of near contiguous claims in the historic Silver Centre mining camp, herein referred to as the Silver Centre Property, and one group of non-contiguous claims in the historic Cobalt mining camp herein referred to as the Cobalt Area Properties, approximately 400 kilometres (km) north of Toronto. The Cobalt Area Property claims lie within an 8 km radius of the community of Cobalt and the Silver Centre Property is approximately 25 km southeast of the community of Cobalt, west of Lake Temiskaming and the Ottawa River which form the Ontario-Quebec provincial border in this area. As of the Effective Date of this Report, the Project covers a total area of approximately 4,301 hectares (ha). First Cobalt holds an option to earn a 100% interest in the five mining leases, 13 patented mineral claims and seven unpatented mineral claims of the Keeley‐Frontier claim group. Upon earning a 100% interest, Canadian Silver Hunter shall be granted a 2% net smelter return royalty, subject to First Cobalt having the right to purchase 1% for $1 million over the ensuing 10 years. The Company may elect to accelerate the earn‐ in. | |
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