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LiCo Energy Metals Inc.
Summary
| Project: | Glencore Bucke | |
|---|---|---|
| Deposit: | Glencore Bucke | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver-Copper-Lead-Zinc | |
| Date: | 1/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-1-2018: LiCo Energy Metals Inc. announces an Exploration/Drilling Update report for its Glencore Bucke deposit at the Glencore Bucke project. Drilling results incl. 20.2m @ 0.17% Co, 19.9ppm Ag, 8983ppm Cu, 2638ppm Zn, 4747ppm Pb from 42.5m. January 26 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joerg M. Kleinboeck (Independent) | |
| ABSTRACT: | January 26th, 2018: Vancouver, British Columbia; ‐ LiCo Energy Metals Inc. (“the Company” or LiCo”) TSX‐V: LIC, OTCQB: WCTXF is pleased to the update its shareholders on the completion on the Glencore Bucke Property Phase 1 diamond drilling program. During the fall of 2017, LiCo completed 21 diamond drill holes totaling 1,900 m. This drill program, along with the Phase 1 diamond drilling program completed on the Teledyne Cobalt Property, satisfied LiCo’s flow‐through financing obligations. The exploration program at the Glencore Bucke Property also satisfied our contractual obligations to Glencore plc. whereby LiCo was to incur $250,000 of exploration expenditures on the Property within six months of the approval date (see News Release dated September 5th, 2017). In 1981, Teledyne Canada Ltd., completed 36 surface diamond drill holes totaling 3,323 m. The drill program outlined two separate vein systems hosting significant cobalt and silver values, known as the Main Zone, measuring 152.4 m in length, and the Northwest Zone, measuring 70.0 m in length (Bresee, 1982). LiCo’s Phase 1 diamond drill program was designed to confirm and extend the existing known mineralization along strike and up and down dip, and LiCo was successful in completing this objective. The program tested the Main Zone for a strike length of approximately 55 m and the Northwest Zone for a strike length of approximately 45 m. Due to the nature of the mineralization, drill holes were closely spaced apart, generally at 10 m along sections, and 12.5 m between sections on average. | |
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