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LiCo Energy Metals Inc.
Summary
| Project: | Glencore Bucke | |
|---|---|---|
| Deposit: | Glencore Bucke | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver-Copper-Lead-Zinc | |
| Date: | 12/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2017: LiCo Energy Metals Inc. announces an Exploration/Drilling Update report for its Glencore Bucke deposit at the Glencore Bucke project. Drilling results incl. 6m @ 0.47% Co, 1.2ppm Ag, 52ppm Cu, 43ppm Zn, 6ppm Pb from 27m. December 6th, 2017: Van | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joerg M. Kleinboeck (Internal) | |
| ABSTRACT: | December 6th, 2017: Vancouver, British Columbia; - LiCo Energy Metals Inc. (“the Company” or “LiCo”) TSX-V: LIC, OTCQB: WCTXF is pleased to report assay results for diamond drill holes GB17-08 to GB17-10 from the recently completed drill program on the Glencore Bucke Property located 6 km northeast of Cobalt, Ontario. The Company would also like to provide an update on the recently completed drilling program and a brief analysis of what has been determined to date by the Company. As reported on the Company’s November 30th, 2017 news release, LiCo has recently completed its 2017 diamond drilling program on its Teledyne and Glencore Bucke Properties completing a total of 32 diamond drill holes, drilling 4,100 m of core. This exploration work satisfies both its flow-through financing obligations and the contractual obligations outlined in the recently acquired Glencore Bucke Property from Glencore plc of Baar Switzerland (LSE: GLEN). The overall drilling program has confirmed and extended the cobalt mineralization on each property and these results are consistent with historical grades and widths in the overall Cobalt Camp. As reported previously, visual cobalt camp style mineralization has been noted in every drill hole that the Company has logged to date. On the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. Additional base metal mineralization within and proximal to the cobalt mineralization has also been intersected throughout the drill program. On the Company’s adjoining Teledyne Property, a total of 2,200 m has been completed in 11 diamond drill holes and the drill program is now complete. The analytical results for the Teledyne program have started to be received and reported by the Company. | |
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