First Cobalt (TSX.V: FCC) (OTCQB: FTSSF) this morning announced positive assay results from the first drill holes located near the Kerr Mine in the Cobalt North area of the Cobalt Camp in Ontario, Canada. The results presented a potential zone of cobalt mineralization that can be tracked across more than 100 meters. Assays are currently pending for three additional holes. “Indications of both disseminated and vein styles of mineralization across a network for more than 100 meters make this an attractive target for a future bulk tonnage operation. With zones of mineralization now identified in Cobalt South and Cobalt North, we are seeing multiple opportunities in the Cobalt Camp for future primary cobalt sources to supply the North American battery market,” First Cobalt president and CEO Trent Mell stated in the news release.
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About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. The company controls over 10,000 hectares of prospective land covering over 50 historic mines as well as mineral processing facilities in the Cobalt Camp in Ontario, Canada. The First Cobalt Refinery is the only permitted facility in North America capable of producing battery materials. First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus on North America. On March 14, 2018, the company proposed a friendly, all-share acquisition of US Cobalt Inc. for its Iron Creek Project in Idaho, U.S. The transaction remains subject to shareholder and regulatory approvals and other closing conditions. This transaction is intended to further enhance First Cobalt’s position as a leading pure-play North American cobalt company. For more information, visit the company’s website at www.FirstCobalt.com
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