First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC), a North American pure-play cobalt company, this morning reported drill results extending the strike and width of the mineralized zones at its Iron Creek Cobalt Project. The results also identified additional copper-rich areas to the west of the deposit. Among other highlights, the company reported that the cobalt-copper mineralization was extended by 120 meters to the west along strike in the Waite Zone and to a depth of 300 meters. Results show that the western portion of the No Name Zone is distinctly copper-rich, having intercepted broad widths of copper mineralization including 2.22% Cu over 13.4m in ICS18-12. As the cobalt and copper mineralization between the No Name and Waite zones consistently grow, the area now spans 800 continuous meters. “The Iron Creek deposit in Idaho, USA is one of a few primary cobalt deposits in the world and it also derives substantial value from copper mineralization. Today’s results support our view that copper-rich areas provide options for mine planning. There are 18 drill holes pending which will be included in an updated mineral resource estimate that is expected at the end of March. We anticipate a notable enhancement over the maiden resource estimate we released in September with still further upside, as the deposit remains open in all directions,” First Cobalt CEO Trent Mell stated in the news release.
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About First Cobalt Corp.
First Cobalt is a North American pure-play cobalt company whose flagship asset is the Iron Creek Cobalt Project in Idaho, USA, which has Inferred mineral resources of 26.9 million tonnes grading 0.11% cobalt equivalent. The company also owns the only permitted cobalt refinery in North America and 50 past-producing mines in the Canadian Cobalt Camp. For more information, visit http://nnw.fm/FTSSF
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