NetworkNewsBreaks – First Cobalt Corp. (TSX.V: F
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Posted On: 11/27/2017 6:08:52 PM
NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Generates Interest Amid Surging Demand for Mineral
First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF), the holder of one of only four cobalt extraction refineries that are fully permitted in Canada, is generating interest as it works through merger negotiations expected to give it control over 50 previous mining operations situated on 10,000 hectares (24,710.5 acres) in Ontario. Cobalt has experienced a significant increase in demand and many industry experts are forecasting a continued growth pattern over the next decade. An article discussing this reads: “Within the property lines is the Keeley-Frontier mine, along with the Drummond, Silver Banner, and Bellellen mines, which formerly produced over 3.3 million pounds of cobalt and 19.1 million ounces of silver. First Cobalt’s president and chief executive officer Trent Mell believes the mine that was shuttered many years ago is primed for rediscovery.” Mell stated, “We are very encouraged to see the polymetallic nature of the mineralization across the Cobalt Camp, as this suggests that a broader hydrothermal system exists beyond the historically mined veins. This is a geologically complex, target-rich land package.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF), the holder of one of only four cobalt extraction refineries that are fully permitted in Canada, is generating interest as it works through merger negotiations expected to give it control over 50 previous mining operations situated on 10,000 hectares (24,710.5 acres) in Ontario. Cobalt has experienced a significant increase in demand and many industry experts are forecasting a continued growth pattern over the next decade. An article discussing this reads: “Within the property lines is the Keeley-Frontier mine, along with the Drummond, Silver Banner, and Bellellen mines, which formerly produced over 3.3 million pounds of cobalt and 19.1 million ounces of silver. First Cobalt’s president and chief executive officer Trent Mell believes the mine that was shuttered many years ago is primed for rediscovery.” Mell stated, “We are very encouraged to see the polymetallic nature of the mineralization across the Cobalt Camp, as this suggests that a broader hydrothermal system exists beyond the historically mined veins. This is a geologically complex, target-rich land package.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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