• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    cobalt investing

    ePower Metals Inc. Reports Cobalt, Gold and Copper Results from Panther Creek Cobalt Project, Idaho and Announces Winter Program

    Pia Rivera
    Jan. 22, 2018 06:11AM PST
    Battery Metals
    Cobalt Investing

    ePower Metals Inc. (the “Company” or “ePower”) (TSXV:EPWR) announces results of its fall exploration program at Panther Creek Cobalt Project located in the Idaho Cobalt Belt in Lemhi County, Idaho.

    ePower Metals Inc. (the “Company” or “ePower”) (TSXV:EPWR) announces results of its fall exploration program at Panther Creek Cobalt Project located in the Idaho Cobalt Belt in Lemhi County, Idaho. Assays for 14 rock samples range from trace to 0.37% Co, and 0.014 to 19.3 g/T Au. 797 soil samples range from 4.7 to 355 ppm Co and have been received and highlights are reported below.
    Highlights include:
    Cobalt oxide and gold in outcrop (Figure 1 below)
    0.37% Co, 3.10 g/T Au and 1.75% Cu over 5’ (1.5m) chip/channel sample quartzite,
    0.27% Co, 19.3 g/T Au and 2.4% Cu over 1’ (0.3m) in oxidized quartz vein/gossan
    0.23% Co, 0.22 g/T Au and 0.70% Cu over 2’ (0.6m) in biotite rich quartzite
    0.002% Co, 4.15 g/t Au and 0.29 % Cu over 3’ (0.9m) in oxide stained quartz veining
    0.002% Co, 5.95 g/t Au and 0.35% Cu over 3’ (0.9m) in oxide stained quartz veining with biotite
    Delineation of two parallel soil anomalies which, (Figure 2 below)
    intersect historic working on Long Dyke and Sweet Repose and
    trend towards the Blackbird mine to the west along the Panther Creek trend
    Reconnaissance mapping confirmed the presence of widespread cobalt-copper mineralization including erythrite in stratiform and vein-type occurrences
    Michael Collins, President & CEO stated “These results demonstrate the robust nature of the mineralization on the Panther Creek trend and confirm our geological and exploration models as we search for the next cobalt deposit in the Idaho Cobalt Belt. The high gold grades in outcrop are also seen in the Ram and Blackbird deposits and indicates we are on the right track to discovery.”
    “ePower is committed to creating significant shareholder value by putting together a high-quality property portfolio of cobalt projects that the Company believes are undervalued, strategically positioned and have the potential to provide future supply to the growing rechargeable battery sector.”
    Winter Program
    ePower is permitting a sampling and structural mapping program for both the Sweet Repose Adit, and Long Dyke Adit. Given the high grade gold values returned from outcrop samples, the pulp splits from the fall soil sampling program have been sent for gold assay. This work will help define drill targets below the two adits and will refine our exploration model for the Panther Creek Trend. Additional soil and outcrop sampling is planned to fully cover the Panther Creek project as soon as weather permits. This information will be integrated with the results presented here and used for targeting geophysical surveys and drilling.
    The Panther Creek claims are contiguous with eCobalt Solution Inc.’s Ram deposit where a recently completed feasibility study outlined a Measured and Indicated Resource of 3.44 million tonnes grading 0.59% cobalt and 0.73% copper, (https://www.ecobalt.com/project/technical-reports).
    The Panther Creek Cobalt Property
    ePower has earned a 50% interest in the Panther Creek Cobalt Property and has the right to earn up to a 100% interest. The property comprises 156-lode mining claims totalling 3,060 acres and a 41.297-acre mining lease located in the heart of the Idaho Cobalt Belt. For full details on the property transaction please see the Company’s news release dated October 24, 2017 or ePower’s website at www.epowermetals.com.
    Located in the Blackbird Mining district Lemhi County Idaho, the property is contiguous with the claims of eCobalt Solution’s (“eCobalt”) and their Ram cobalt-copper-gold mine. There are several historic mine workings both on the Long Dike patent claims and around the Sweet Repose Adit which form a linear trend that ends at the historic Blackbird Mine. A historic mine adit on the property was channel sampled by US Geological Survey and returned 1.04% cobalt and 4.14% copper across 10 feet or 3.04 metres (US Geol. Survey, Open File Report 98-478).
    Surface sampling on the property by Utah Mineral Resources LLC returned values from trace to 0.91% cobalt and 3.63% copper and 0.74% cobalt and 0.27% copper. The cobalt-copper mineralization is hosted in the micaceous quartzites of the Apple Creek Formation which is a similar geological setting as the historic Blackbird Mine as well as eCobalt’s Ram Mine.
    Idaho Cobalt Belt
    The Idaho Cobalt Belt trends northwest-southeast for nearly 37 miles in east-central Idaho. Included within this belt are numerous historic mines and prospects of the centrally located Blackbird district and deposits of the Iron Creek area at the southeast end (U.S. Geological Survey, 2010). The Idaho Cobalt Belt contains the largest known cobalt resources in the United States and is important because it represents a stable and environmentally sustainable source of cobalt. eCobalt is developing the Idaho Cobalt Project, located to the west of the Panther Creek Cobalt Project in the Blackbird district. eCobalt has just completed a Feasibility Study with a Measured and Indicated Resource of 3.44 million tonnes grading 0.59% cobalt and 0.73% copper, (https://www.ecobalt.com/project/technical-reports).
    The Company’s fall exploration program was conducted under contract by Brewer Exploration and Geological Services, Inc. of Salmon, Idaho and was conducted by, or under the direct supervision of Brian Brewer, Certified Professional Geologist and a Qualified Person, as defined by NI 43-101. The soil and rock samples were delivered under chain of custody to the ALS Laboratory in Reno Nevada. As an early stage exploration program, the company has relied on internal ALS laboratory standards and blanks for QA/QC. Samples were processed and analyzed for cobalt, copper and 46 other elements using the 4-acid digestion and ICP analytical procedure, (ICP AES with Au 30g gravimetric finish for over limits).
    ON BEHALF OF THE BOARD OF DIRECTORS
    Michael Collins
    President and CEO
    For further information, please contact:
    ePower Metals Inc.
    Suite 501 – 525 Seymour Street
    Vancouver, BC, Canada V6B 3H7
    Telephone: (604) 764-7094
    Website: www.epowermetals.com

    Figure 1 Rock Samples with cobalt and gold assays


    Figure 2 Panther Creek soil sample locations with cobalt contour values


    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
    We seek safe harbor.

    Source: www.newsfilecorp.com

    cobalt resourcesgold assaycobalt projectscobalt investingcanadaboard of directorscobalt oxide
    The Conversation (0)

    Go Deeper

    AI Powered
    aqua metals stock

    Bathurst Metals Announces High Grade Copper Assay Results From Summer Sampling Program on 100% owned Gela Lake Project Area, Nunavut

    OTC:ISENF

    IsoEnergy Plans Aggressive Twenty Hole Winter Drilling Program at the Hurricane Uranium Zone

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    Electric Royalties

    ELEC:CA

    Fortune Minerals

    FT:CA

    Glencore

    GLCNF

    Stillwater Critical Minerals

    PGE:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×