NetworkNewsBreaks – US Cobalt Inc. (TSX.V: USCO)
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Posted On: 05/23/2018 5:51:19 PM
NetworkNewsBreaks – US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) Extends Mineralization at Iron Creek Project; President Comments on Upcoming Acquisition by First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF)
US Cobalt (TSX.V: USCO) (OTCQB: USCFF) this morning reported initial results from its 2018 underground drill program at the Iron Creek project in Idaho. Per the update, all three holes met significant cobalt mineralization, expanding the known mineralization to over 1,700 feet along strike. US Cobalt shareholders recently voted 99.87% in favor of a friendly merger with First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) which is anticipated to close by the end of May 2018. “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,” US Cobalt president Wayne Tisdale stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
US Cobalt (TSX.V: USCO) (OTCQB: USCFF) this morning reported initial results from its 2018 underground drill program at the Iron Creek project in Idaho. Per the update, all three holes met significant cobalt mineralization, expanding the known mineralization to over 1,700 feet along strike. US Cobalt shareholders recently voted 99.87% in favor of a friendly merger with First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) which is anticipated to close by the end of May 2018. “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,” US Cobalt president Wayne Tisdale stated in the news release.
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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