Vertically integrated North American pure-play cobalt company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) this morning announced the filing of a technical report to support the maiden resource estimate for its wholly owned Iron Creek project located in Lemhi County, Idaho. The report highlights mineralization along the strike and at depth, with true widths between 10m and 30m. Results reflect 29.6 million tons grading of 0.08 percent cobalt and 0.30 percent copper under a deeper mineral resource and pit constrained base scenario with alternative results reflecting 4.9 million tons grading of 0.23 percent cobalt and 0.69 percent copper in an underground-only scenario. President and CEO Trent Mell stated in the news release, “Our flagship asset in Idaho, USA continues to grow to the east, west and at depth. Primary cobalt deposits are rare worldwide and we have the added benefit of 600 metres of underground development and mining patents across much of our land package. Drilling is ongoing to test mineralization along the strike length from 450 metres to over 900 metres, while also systematically testing depth extensions from 150 metres to over 300 metres. These new drilling results will support an updated resource estimate in early 2019. Unlike most cobalt deposits in North America, cobalt at Iron Creek is associated with pyrite rather than arsenic-bearing minerals, which could offer processing and offtake advantages.”
To view the press release, visit http://nnw.fm/Jc1Mv
About First Cobalt Corp.
First Cobalt is a vertically integrated North American pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, the Canadian Cobalt Camp and the only permitted cobalt refinery in North America capable of producing battery materials. For more information, visit http://nnw.fm/FTSSF
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com