Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) recently announced that it had started drilling in Cobalt North. The program is centered on the historic Drummond, Kerr and Conisil mines within the Cobalt Camp mining region of northern Ontario. An article discussing the company’s endeavors reads: “In the update, president and CEO of First Cobalt Trent Mell explained that, during the company’s first drill campaign, three distinct cobalt mineralized zones were identified in Cobalt South, and the company will follow up on the discovery. The second leg of the winter drill campaign, in Cobalt North, is based on a rich set of historical data with the company’s own field work to build a 3D geological model. … The company’s decision to begin drilling in Cobalt North was based on polymetallic mineralization found in muckpile grab samples. These yielded grades of up to 0.65 percent cobalt with 4,990 g/t silver and up to 1.79 percent copper with 56 g/t silver. Historic records from the Drummond, Kerr and Conisil mines show almost one million pounds of cobalt and more than 36 million ounces of silver. These records were from a time when silver was the main target mineral, but the global surge in demand for cobalt over the last few years has put the spotlight firmly on developing mining assets for this mineral.”
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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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