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US Cobalt Inc.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 5/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2018: US Cobalt Inc. announces an Exploration/Drilling Update report for its Iron Creek deposit at the Iron Creek project. Drilling results incl. 55.8m @ 0.18% Co, 0.26% Cu from 24.6m . VANCOUVER, British Columbia, May 23, 2018 -- US Cobalt Inc. (the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Garry Clark (Clark Exploration Consulting) | |
| ABSTRACT: | VANCOUVER, British Columbia, May 23, 2018 -- US Cobalt Inc. (the "Company") (TSXV:USCO) (Frankfurt:26X) (OTCQB:USCFF) is pleased to announce first results from its 2018 underground drill program at the Iron Creek project (the "Property") in Idaho, USA. All three holes encountered significant cobalt mineralization, extending the known mineralization to over 1,700 feet (520 meters) along strike. Results continue to indicate the strength and size potential of the Iron Creek mineralization as indicated by substantial true widths of cobalt mineralization. All widths or thicknesses reported here are true thickness based on 3-D modeling: Wayne Tisdale, President, commented: “We continue to increase the known strike length at the Iron Creek Project as we work towards a maiden resource estimate later this year. US Cobalt has already begun to work closely with First Cobalt ahead of the upcoming close of the recently approved acquisition by First Cobalt. We are pleased by the overwhelming support this transaction has received, and US Cobalt shareholders will benefit from a meaningful position in a leading vertically integrated pure-play North American cobalt company that is fully funded to execute on the 2018 programs.” Sr. Vice President, Exploration, Brian Kirwin commented: "We are excited to see the increasing strike length of cobalt and copper mineralization with good continuity. The 2018 drill campaign has begun with positive results, and is designed to double the known strike length of the mineralization. We remain excited to test the project's size potential." US Cobalt has completed 14 of 70 planned drill holes under its 2018 drilling campaign, which is conducted from underground. The third shipment of core samples has been delivered to the laboratory for analysis, and results will be reported as received. The objective of the initial 2018 drilling is to extend known mineralization westward beyond the limits of the 2017 drilling. | |
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