Shares of First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) jumped 37 percent in early trade after the company announced the expansion of its Cobalt Camp muckpile sampling program in Cobalt South to the Drummond Mine and Kerr Lake Area in Cobalt North to test a different style of mineralization. “First Cobalt controls 50 historic mining operations across the Cobalt Camp and this program will give us important insights into the geology, metallurgy and bulk mining potential of the Camp. Success with this program could warrant reactivating the mill and potentially the First Cobalt Refinery to produce battery materials,” company president and CEO Trent Mell stated in the press release. As previously announced, this extensive sampling program is intended to provide insight into the distribution of cobalt, silver, nickel and copper from underground waste material brought to surface by historic mining operations.
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About First Cobalt
First Cobalt’s objective is to create the largest pure-play cobalt exploration and development company in the world. Upon completion of the mergers with Cobalt One Ltd. and CobalTech Mining Inc., First Cobalt will control over 10,000 hectares of prospective land and 50 historic mining operations in the Cobalt Camp in Ontario, Canada as well as a mill and a permitted refinery facility. For more information, visit www.FirstCobalt.com.
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