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eCobalt Solutions Inc.
Summary
| Project: | Idaho Cobalt | |
|---|---|---|
| Deposit: | Idaho Cobalt | |
| Location: | United States | |
| Commodities: | Cobalt-Copper | |
| Date: | 2/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-2-2018: eCobalt Solutions Inc. announces a Resource Estimation report for its Idaho Cobalt deposit at the Idaho Cobalt project. Updated mineral resource estimate at Idaho Cobalt. Vancouver, BC, Canada – February 7, 2018 – eCobalt Solutions Inc. (“eCobal | |
| Resources: | (Resource, M+I): 3.87Mt @ 0.59% Co, 0.85% Cu, 0.015oz/t Au at project | |
| CP/QP: | [Resources]: Charley Murahwi (Micon International Ltd.) | |
| ABSTRACT: | Vancouver, BC, Canada – February 7, 2018 – eCobalt Solutions Inc. (“eCobalt” or “the Company”) (TSX: ECS, OTCQX: ECSIF) announces the results of an updated resource estimate prepared in accordance with National Instrument 43-101 for the Idaho Cobalt Project (“ICP”), located in the Idaho Cobalt Belt near Salmon, Idaho, USA (the “Updated Resource Model”). The update is based on results from a three-hole, 5,000 ft drill program completed in 2017, as well as a review and inclusion of past drill results not included previously, and the creation of a new threedimensional resource model using current state of practice software and geostatistical tools. These results will be incorporated into a new, optimized feasibility study planned for completion in Q2 2018. Until that study is finalized there can be no assurance that any increase in resources will result in a material change to the reserves and economics of the ICP. “The Updated Resource Model delineates an increase in the resources available for reserve and is in line with our expectations with regards to the targeted conversion of inferred resourcesto M&I,” stated Floyd Varley, eCobalt’s Chief Operating Officer. “Work is ongoing to determine the economic significance of these results, which will be incorporated into a new feasibility study and mine plan. The Updated Resource Model also provides additional insight into the controls of mineralization. This information will help inform future drilling efforts to advance the Ram deposit as well as planning of mine infrastructure.” | |
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