Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning reported high grade cobalt from muckpile sampling at the historic Silver Banner mine at the northern part of the Cobalt Camp in Ontario, Canada. Per the update, these results make Silver Banner an attractive drilling target for 2018, as they confirm the presence of a productive vein system in the underexplored mafic volcanic rocks, similar to those seen at the Bellellen, Keeley and Frontier mines. “We have quickly identified several prospective cobalt targets within the First Cobalt, CobalTech and Cobalt One land packages and we are confident others will follow. As with Bellellen and Drummond, the positive results at Silver Banner make it an excellent candidate for additional work,” Trent Mellen, president and CEO of First Cobalt, stated in the news release. “The next task is to prioritize these targets for more focused exploration work and drilling through the winter months.”
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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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