NetworkNewsBreaks – First Cobalt Corp. (TSX.V: F
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Posted On: 10/19/2018 7:05:07 PM
NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Files Technical Report for Flagship Iron Creek Project
Vertically integrated North American pure-play cobalt company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) this morning announced the filing of a technical report to support the maiden resource estimate for its wholly owned Iron Creek project located in Lemhi County, Idaho. The report highlights mineralization along the strike and at depth, with true widths between 10m and 30m. Results reflect 29.6 million tons grading of 0.08 percent cobalt and 0.30 percent copper under a deeper mineral resource and pit constrained base scenario with alternative results reflecting 4.9 million tons grading of 0.23 percent cobalt and 0.69 percent copper in an underground-only scenario. President and CEO Trent Mell stated in the news release, “Our flagship asset in Idaho, USA continues to grow to the east, west and at depth. Primary cobalt deposits are rare worldwide and we have the added benefit of 600 metres of underground development and mining patents across much of our land package. Drilling is ongoing to test mineralization along the strike length from 450 metres to over 900 metres, while also systematically testing depth extensions from 150 metres to over 300 metres. These new drilling results will support an updated resource estimate in early 2019. Unlike most cobalt deposits in North America, cobalt at Iron Creek is associated with pyrite rather than arsenic-bearing minerals, which could offer processing and offtake advantages.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Vertically integrated North American pure-play cobalt company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) this morning announced the filing of a technical report to support the maiden resource estimate for its wholly owned Iron Creek project located in Lemhi County, Idaho. The report highlights mineralization along the strike and at depth, with true widths between 10m and 30m. Results reflect 29.6 million tons grading of 0.08 percent cobalt and 0.30 percent copper under a deeper mineral resource and pit constrained base scenario with alternative results reflecting 4.9 million tons grading of 0.23 percent cobalt and 0.69 percent copper in an underground-only scenario. President and CEO Trent Mell stated in the news release, “Our flagship asset in Idaho, USA continues to grow to the east, west and at depth. Primary cobalt deposits are rare worldwide and we have the added benefit of 600 metres of underground development and mining patents across much of our land package. Drilling is ongoing to test mineralization along the strike length from 450 metres to over 900 metres, while also systematically testing depth extensions from 150 metres to over 300 metres. These new drilling results will support an updated resource estimate in early 2019. Unlike most cobalt deposits in North America, cobalt at Iron Creek is associated with pyrite rather than arsenic-bearing minerals, which could offer processing and offtake advantages.”
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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