Cobalt exploration and development company, First Cobalt (TSX.V: FCC) (OTCQB: FTSSF), this morning reported several high grade cobalt outcrop and muckpile samples from the Caswell mine in the Cobalt Camp. The high grade mineralization at surface in the Cobalt Central area of the Cobalt Camp in Ontario, Canada was identified by a prospecting program of samples showing 9.44% cobalt, 1.27% copper and 2.92% nickel. Additionally, grab samples at the former Caswell mine confirmed high grade cobalt at surface and at shallow depths, including cobalt grades of 4.8%, 6.1% and 1.1% “In just six months of exploration activity in the Cobalt Camp, First Cobalt has identified cobalt mineralization styles that have never been reported in its 110-year history, further confirming the need to re-examine the camp using modern geoscience techniques. Recent prospecting suggests that smaller high grade historic cobalt mines like Caswell could be ideal targets for near-term follow up,” First Cobalt president and chief executive officer Trent Mell stated in the news release.
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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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