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US Cobalt Inc.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 1/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2018: US Cobalt Inc. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 70.9m @ 0.14% Co, 0.02% Cu from 185.34m (608.1ft). January 23, 2018 – VANCOUVER, BRITISH COLUMBIA – US C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Garry Clark (Clark Exploration Consulting) | |
| ABSTRACT: | January 23, 2018 – VANCOUVER, BRITISH COLUMBIA – US Cobalt Inc. (the "Company") (TSXV: USCO) (Frankfurt: 26X) (OTCQB: USCFF) announces analytical results from a further three surface core holes drilled during 2017 at the Iron Creek project (the "Property") in Idaho, USA. All three core holes encountered sulfide mineralization with significant cobalt values. These results confirm that cobalt mineralization exists outside of the historical estimate at Iron Creek. The historical estimates are comprised of two zones with a gap between them, along strike, of approximately 400 feet (122 meters). Hole IC17–19 (see Company news release - January 15, 2018) is located in the eastern portion of this area, and intersected a true thickness of 19.1 feet (5.8 meters) grading 0.46% CoEq (0.43%Co+0.30%Cu). The current three holes lie west of IC17-19, and cover approximately 330 feet (100 meters) of strike in the area between the two historical estimate zones. These three holes, along with IC17-19, strongly suggest continuity of mineralization between the two areas of the historical estimates. Sr. Vice President, Exploration, Brian Kirwin commented: "These drill results are very encouraging for potential of the Iron Creek project. These three drill holes, along with drill hole IC17-19, indicate that significant cobalt mineralization exists between the two zones comprising the historical estimate. Drill results continue to be very encouraging with respect to confirming the historical estimate, discovering high grade zones in the footwall of the main No Name Zone, and outlining a significantly wide lower grade envelope of cobalt mineralization. In response to the discovery of the wider mineralized zones, the Company has extended its sampling of the first 13 holes of the 2017 campaign and will be announcing the results as soon as they are ready." | |
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