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US Cobalt Inc.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 3/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2018: US Cobalt Inc. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 23.9m @ 0.35% Co, 0.53% Cu at project. March 1, 2018 – VANCOUVER, BRITISH COLUMBIA – US Cobalt Inc. (the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Garry Clark (Clark Exploration Consulting) | |
| ABSTRACT: | March 1, 2018 – VANCOUVER, BRITISH COLUMBIA – US Cobalt Inc. (the "Company") (TSXV: USCO) (Frankfurt: 26X) (OTCQB: USCFF) announces analytical results from a further five surface core holes drilled during 2017 at the Iron Creek project (the "Property") in Idaho, USA. All five core holes encountered sulfide mineralization with significant cobalt values. All widths or thicknesses reported here are true thickness based on 3-D modeling. One hole reported here (IC17-29) further confirms significant mineralization within the main target identified by the historical estimate (see Company news release - September 7, 2016), and another six holes have been completed in this area with results pending (see Company news release dated October 4, 2017 for previous drill results from this target). Three holes reported here (IC17-24, 27, and 30) are located west of the historical estimates, and results for one additional hole are pending. One hole reported here (IC17-25) is located between the two historical estimates, with results for one additional hole pending in the area. The objective of the 40-hole, 35,000 foot (approximately 10,700 meter) 2017 drilling campaign is to confirm the historical estimates of cobalt mineralization (see Company news release - September 7, 2016). The Iron Creek Property covers a west-northwest striking, steeply northerly dipping mineralized zone which contains cobalt and copper mineralization in sulfides. The 2017 surface drilling campaign is complete and analysis of the samples continues. The Company is building the geological and grade models for resource estimation. In anticipation of completing a resource estimate during 2018, the Company has started collecting samples for density testing, mineralogical investigations, and will soon initiate metallurgical testing. | |
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