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Cobalt Power Group announces the acquistion of additional property
Mar. 23, 2017 08:59AM PST
Battery Metals Investing
Cobalt Power Group Inc. (the “Company”) (TSX.V: CPO) is pleased to announce signing an offer to purchase a 42-acre patented land claim in the Lorrain Township of Ontario, Canada. The T26282 block is contiguous to the Company’s Smith Cobalt Project, increasing the total land package to 1822 acres (737.3 hectares). The offer requires payment of 300,000 …
Cobalt Power Group Inc. (the “Company”) (TSX.V: CPO) is pleased to announce signing an offer to purchase a 42-acre patented land claim in the Lorrain Township of Ontario, Canada. The T26282 block is contiguous to the Company’s Smith Cobalt Project, increasing the total land package to 1822 acres (737.3 hectares). The offer requires payment of 300,000 common shares for a 100% interest in the patented land claim, upon TSX approval.
As quoted in the press release:
Dr. Andreas Rompel, President & CEO, comments: “We are delighted with this acquisition which consolidates the southwestern corner of our land package. Vein swarms, similar to the ones already defined on the Smith Cobalt property, have been identified using surface mapping and significantly contribute to the strike length. Such vein kilometers are essential for the economic valuation and assessment of potential mining prospects.”
