Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning announced positive results from its 2017 drill program, which intersected 25 meters of fracture-controlled silver mineralization in Canada’s Cobalt Camp. The company’s drilling found 106.2 g/t silver over 13.7 meters, including 445 g/t silver over 3.0 meters, near the Keeley Shaft. The release also noted the discovery of anomalous silver occurring over 4.0 meters above the interval and 7.0 meters below, up to 11.3 g/t over 1.0 meter. Per the update, these findings suggest metal zoning patterns of silver-rich and cobalt-rich areas of mineralization at the mine-scale to guide future drilling targets. “These results are very encouraging as further validation of our view that the Cobalt Camp material previously believed to be barren does in fact host disseminated material amenable to a bulk tonnage operation,” Trent Mell, president and CEO of First Cobalt, stated in the news release. “We are in the early days of our drill campaign and these results demonstrate the potential for long cobalt and silver drill intercepts outside the historically mined vein systems.”
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About First Cobalt Corp.
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities. For more information, visit www.FirstCobalt.com
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