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Pacific Rim Cobalt Corp.
Summary
| Project: | Cyclops | |
|---|---|---|
| Deposit: | Cyclops | |
| Location: | Indonesia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 9/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-9-2019: Pacific Rim Cobalt Corp. announces an Exploration/Drilling Update report for its Cyclops deposit at the Cyclops project. Drilling results incl. 10.00m @ 1.65% Ni, 0.12% Co from 0.00m. Vancouver, B.C. – September 24, 2019 – Pacific Rim Cobalt | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Garry Clark (Internal) | |
| ABSTRACT: | Vancouver, B.C. – September 24, 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 drilling program at its flagship Cyclops, nickel/cobalt development project, Indonesia. The drilling is part of a multi‐faceted exploration program aimed at confirming historical results and guiding a project development plan. As previously announced highly anomalous cobalt values together with elevated nickel were intersected in the near surface zone. These intersections were encountered in the limonite zone and form a continuous blanket over the entire 600 metre x 300 metre area drilled. This zone varies in thickness from 2 to 11 metres and immediately overlies previously reported nickel values in the saprolite zone and considerably enhances the potential size of the mineralized body of material. "The Company is very pleased with this latest round of drill results. The elevated cobalt values are of significant importance, considering the commodity’s recent price increase and the role it plays in the battery metals supply chain. Both our cobalt and nickel results continue to add to our optimism that the Cyclops project will create shareholder value." remarked Ranjeet Sundher, President and Chief Executive Officer of Pacific Rim Cobalt. | |
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