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US Cobalt Inc.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt | |
| Date: | 1/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2018: US Cobalt Inc. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 18.7m @ 0.30% Co, 0.67% Cu from 36.8m. January 15, 2018 – VANCOUVER, BRITISH COLUMBIA – US Cobalt Inc. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Garry Clark (Clark Exploration Consulting) | |
| ABSTRACT: | January 15, 2018 – VANCOUVER, BRITISH COLUMBIA – US Cobalt Inc. (the "Company") (TSXV: USCO) (Frankfurt: 26X) (OTCQB: USCFF) announces analytical results from a further seven surface core holes drilled during 2017 at the Iron Creek project (the "Property") in Idaho, USA. All seven of these core holes encountered sulfide mineralization with significant cobalt values. Several of the holes have discovered much thicker cobalt-bearing zones not previously identified at Iron Creek. These mineralized zones occur in the footwall of the main No Name Zone. The interpretation of these results are allowing the expansion of the Company’s search for cobalt mineralization outward from the previously targeted areas. The objective of the 40-hole, 2017 drilling campaign is to confirm the historical estimates of cobalt mineralization (see Company news release - September 7, 2016). The historical estimates are comprised of two zones with a gap along strike of approximately 400 feet (122 meters) between them. Hole IC17–19, located in this area, intersected a true thickness of 19.1 feet (5.8 meters) grading 0.46% CoEq (0.43%Co+0.30%Cu). This intercept lies within a true thickness of 61.2 feet (18.7 meters) grading 0.37% CoEq (0.30%Co+0.67%Cu). [CoEq = Cobalt Equivalent; calculated as copper/10.58=CoEq]. IC17–19 indicates the potential continuity of mineralization between the two areas of the historical estimates. Results of five additional holes completed in this gap will be released as they become available. | |
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