Developing Energy Metal Projects for the Clean Technology Market
This profile is part of a paid investor education campaign.*
Go Cobalt Mining Corp. (CSE:GOCO) is a Vancouver-based mining exploration company that is focused on developing energy metal projects for the growing battery market. The company is currently focused on developing their copper-cobalt Monster project in the Yukon, Canada.
In recent times, there has been an emphasis on developing copper and cobalt projects due to the advances in clean technologies and the rising demand for electric vehicles (EV) and lithium-ion batteries, of which both materials are key components. Cobalt exploration companies have been focused on finding an alternative source to the politically-unstable Democratic Republic of Congo (DRC), which controls approximately 60 percent of the world’s cobalt supply. Copper is also expected to reach a supply deficit in face of the rising demand for the metal.
Go Cobalt’s flagship Monster property resides in the Dawson Mining District in the Yukon. The property hosts iron oxide copper-gold (IOCG) occurrences, which are associated with large cobalt deposits found in Australia and Chile.The property also features an extensive exploration history and highlights include values of 25.9 percent copper and 2.8 percent cobalt found.
Go Cobalt’s CFO Brian Murray brings over 20 years of financial and mining experience to the company. He has served as the President of Nebu Resources Corp. for ten years and is the CFO of Sea Green Capital Inc., a junior gold mining company in Quebec. Additionally, management is notably invested in the company, holding approximately 35 percent of the company’s shares.
- Operating in mining-friendly jurisdiction of the Yukon.
- Wernecke breccia has been compared to other large IOCG deposits in Australia and Chile.
- IOCG deposits offer high-tonnage potential.
- Substantial historic work has been completed on the property.
- Historial grab samples returned values of 25.9 percent copper and 2.8 percent cobalt.
- Insiders notably own approximately 35 percent of the company’s shares.
The Monster Project
In January 2018, Go Cobalt acquired a 100 percent interest in the 43.3-square-kilometer Monster property in the Yukon. In October, the company increased the land size of the property when they staked 21 additional claims, creating a land package of 63 square kilometers.
The property consists of 212 mineral claims and is located west of the Peel Watershed Planning Region in the Dawson Mining District. The Monster property hosts IOCG occurrences across the property that are hosted within and directly adjacent to the Wernecke breccia, which has been associated with large deposits in Australia and Chile. The presence of an IOCG deposit trend is significant as the deposits are known for hosting cobalt.
Between 1975 and 1976, exploration focused on the DAS and Cobalt Cirque mineral claims. Highlights from the exploration programs include assays of up to 190 ppm copper and up to 270 ppm zinc at Cobalt Cirque and assays of up to 480 ppm copper and up to 110 ppm cobalt at DAS.
The property remained dormant until 1993, when Monster Joint Venture took over the property. A total of 872 soil samples and 377 rock samples were taken from the property between 1993 and 1988. In 1993, soil samples returned values of up to 1,000 ppm copper and returned anomalous cobalt, zinc and lead mineralizations. In 1994, grab samples returned values of 25.9 percent copper and 2.8 percent cobalt.
Between 2001 and 2007, Monster Copper Resources Inc. acquired the property and conducted a range of exploration programs on the property. In 2007, Monster Copper analyzed rock and soil samples collected by Blackstone Resources AG (SWX:BLS) for uranium. Highlights from those samples include 32 ppm uranium and 20 ppm uranium.
Go Cobalt has been concentrating their recent exploration efforts on the middle of the property at the CC and Cobalt Cirque zones. Grab samples taken from the two zones contain visible cobaltite and erythrite, which are different types of cobalt mineralization.
In addition to the grab samples, the company has completed a property-wide remote sensing survey called remote spectral geology (RSG), the measurement and analysis-interpretation of spectral data to identify rock types, surface materials and their alteration signatures. This technique has allowed the company to outline targets that may contain copper-gold and copper-cobalt mineralizations on the property.
The company plans on deploying an airborne EM survey over the property and to follow up on targets identified in their 2018 exploration program. The company also intends to develop the magnetic anomalies associated with surface mineralization.
Don Sheldon, MBA — Chairman
Don Sheldon brings more than 30 years of experience working with reporting issuers. He has had an extensive career managing and raising capital for junior resource companies; holding positions with Range Oil & Gas, Shoal Point Energy, Castle Rock Minerals, and Pure Gold. He is a graduate from the University of Western Ontario with a Master’s degree in Business Administration.
Brian Murray, MBA, CPA — Director & CFO
Since December 1973, Brian Murray has worked as Chartered Professional Accountant and a Chartered Accountant in Ontario. He has also worked with reporting issuers for more than 20 years. Murray is currently CFO and Director of Sea Green Capital Inc., a junior gold mining company focused on exploration in Quebec. From January 2008 to date, Murray has served as President and Director of Nebu Resources Corp., a company listed on the TSXV which is engaged in the acquisition, exploration and development of mineral properties in Canada.
Adrian Smith, P.Geo. — Director
Adrian Smith is a Consulting Geologist with over 10 years’ experience working in the mining and exploration industries. He began working for exploration companies as an underground mine geologist in the Shasta gold-silver mine in northern BC. He then began work for North American Tungsten Corp. at the Cantung mine in the Northwest Territories, where he was involved in successfully identifying, modeling and producing ore, in addition to known reserves.
Since then, he has taken his mining and exploration experience from underground and applied it to exploration projects across Canada and the US. Currently, Smith sits on the board of Go Cobalt Mining Corp., and has founded Divitiae Resources Ltd. He graduated from Simon Fraser University with a Bachelor of Science degree specializing in Geology and has been a member of APEGBC since 2008.
Scott Sheldon, BA — Director & CEO
Scott is President of Surgenia Productions, a web campaign company he established in April 2003. As president of Surgenia, he has worked on projects with Manulife, Bank of America, Ford Motor Company, Sun Microsystems and the GLOBE Foundation. He has also helped a handful of Vancouver junior mining companies including Pure Gold, Gold Giant and Cross Lake Minerals to promote and advance their mining exploration projects online. He graduated from Dalhousie University in Halifax.
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