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Pacific Rim Cobalt Corp.
Summary
| Project: | Cyclops | |
|---|---|---|
| Deposit: | Cyclops | |
| Location: | Indonesia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 9/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-9-2019: Pacific Rim Cobalt Corp. announces an Exploration/Drilling Update report for its Cyclops deposit at the Cyclops project. Drilling results incl. 12m @ 1.66% Ni, 0.10% Co from 3m. Vancouver, B.C. – September 10, 2019 – Pacific Rim Cobalt Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Garry Clark (Internal) | |
| ABSTRACT: | Vancouver, B.C. – September 10, 2019 – Pacific Rim Cobalt Corp. (the “Company” or “Pacific Rim Cobalt”) (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE) is pleased to announce results from its ongoing 2019 shallow diamond drilling program at its flagship Cyclops Project, focused on nickel/cobalt development, in Papua Province, Indonesia. The drilling is part of a multi‐faceted exploration program aimed at confirming historical results and structuring the go‐forward development plan. The program was completed on the target plateau area developed over a lateritized upfaulted block of peridotite in order to test the continuity of the mineralized laterite profiles. The completion of this phase of the drill program was completed in the north block, a follow up with a 50 metre x 50 metre grid to test the continuity of previously encountered elevated zones of Ni and Co on the broad 100 metre x 100 metre grid. The mineralized laterite profile within the drilled area was found to be continuous over a zone of 600 metres x 300 metres with nickel values of interest from the surface to maximum depths of 16 metres within the saprolite zone. The overlying surface limonite zone consistently contains elevated cobalt and nickel values. | |
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