NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Acquires Full Ownership of Iron Creek Project
First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that it has acquired 100% ownership of the Iron Creek property in Idaho which eliminates any future royalty payments on the property. This acquisition streamlines upcoming permitting and development activities and fast-tracks the mine planning process. First Cobalt has commenced a consultation process and started gathering baseline data for future permitting requirements. “Our outlook for the Iron Creek Project was instrumental in the decision to eliminate the outstanding royalty and acquire 100% ownership of the project at this time. Drilling has identified two broad zones of cobalt-copper mineralization that extend well beyond the historic resource area. The Company is fully funded to complete our work programs in the USA and Canada this year and into 2019. We anticipate releasing preliminary metallurgical work and the maiden resource estimate for Iron Creek in the next few weeks,” First Cobalt president & chief executive officer Trent Mell stated in the news release.
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First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that it has acquired 100% ownership of the Iron Creek property in Idaho which eliminates any future royalty payments on the property. This acquisition streamlines upcoming permitting and development activities and fast-tracks the mine planning process. First Cobalt has commenced a consultation process and started gathering baseline data for future permitting requirements. “Our outlook for the Iron Creek Project was instrumental in the decision to eliminate the outstanding royalty and acquire 100% ownership of the project at this time. Drilling has identified two broad zones of cobalt-copper mineralization that extend well beyond the historic resource area. The Company is fully funded to complete our work programs in the USA and Canada this year and into 2019. We anticipate releasing preliminary metallurgical work and the maiden resource estimate for Iron Creek in the next few weeks,” First Cobalt president & chief executive officer Trent Mell 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
