• 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 Purchases Connel Creek Cobalt Project, Lillooet Mining District BC

    Anwesha Sengupta
    Sep. 19, 2018 06:49AM PST
    Battery Metals
    TSXV:EPWR

    ePower Metals Inc (TSXV:EPWR) (the “Company” or “ePower Metals”) has purchased the 1,500 ha Connel Creek Cobalt Project in the Lillooet Mining District British Columbia from Paul D. Gray for a cash payment of $5,000 and 25,000 common shares.

    ePower Metals Inc (TSXV:EPWR) (the “Company” or “ePower Metals”) has purchased the 1,500 ha Connel Creek Cobalt Project in the Lillooet Mining District British Columbia from Paul D. Gray for a cash payment of $5,000 and 25,000 common shares.

    The Connell Creek Cobalt Property

    The Connel Creek property covers a historic 400m x 200m Co-Ni-As in soil anomaly detected in the late 1990s during regional gold exploration. The property lies near the headwaters of Connel Creek and the soil anomaly is supported by regional geochemical samples from the BC Geological Survey (GeoFile 2017-11). The property is underlain by rocks of the Cayoosh assemblage, which also hosts the Bralorne Au deposit. The property lies proximal to the Cadwallader Fault and serpentinized ultramafic rocks of the Bridge River Complex. The property is considered prospective for high grade Co-Au mineralization similar to the historic Little Gem deposit.

    The Connel Creek project is bordered to the west and south by the Cobalt One Claim package which is now owned by Blackstone Minerals Limited, (Blackstone). Blackstone owns claims over distance 40km in close relation to the Caderwaller Fault including both the Little Gem and Jewel cobalt claims to the north west of the Bralorne Mine.

    The property is located in the Lillooet Mining Division, 41 km west of the town of Lillooet, BC, and 47 km Northeast of Pemberton, BC. The property has no road access, but dry weather roads are as close as 8km east within Cadwallader Creek and the Bridge River Road along the north shore of Anderson Lake, 9 km to the south.

    Michael Collins, President and CEO of ePower Metals comments, “ePower is pleased to have identified this excellent cobalt target in British Columbia and we look forward to releasing initial results this fall. Connel Creek is an inexpensive acquisition with the potential for high grade mineralization. The Company will continue to expand and develop its cobalt portfolio in this long term cobalt market.”

    Recent results from Blackstone Minerals Limited Little Gem project include assays from drilling including:

    LGD17-001R
    1.1 m @ 3.0% Co and 44 g/t Au;
    within 4.3 m @ 1.0% Co and 15 g/t Au,
    Historic Underground channel samples:
    1.8 m @ 4.4% Co & 73 g/t Au;
    and 2.0 m @ 3.1% Co & 76 g/t Au.
    Historic Surface channel sampling:
    0.4 m @ 5.7% Co & 1,574 g/t Au;

    *The results obtained by Blackstone at the Little Gem project have not been verified by the Company and may not be reproducible by the Company on the Connel Creek project.

    Connel Creek Claims

    To view an enhanced version of this graphic, please visit:
    https://orders.newsfilecorp.com/files/5688/38747_a1537317267225_44.jpg

    ePower 2018 Work Program

    The Company has contracted a team to immediately conduct a soil grid and grab sampling program. It is hoped that the results will be received in time to allow for a follow up program in October.

    Bruce Kienlen, P.Geo., is Vice President of Exploration for the Company and is the Qualified Person for the Connel Creek Project.

    The Company has granted incentive stock options under the Company’s stock option plan to an officer of the Company to purchase up to an aggregate of 40,000 treasury shares. The options are exercisable at a price of $0.21 per share for a period of two years and are subject to the policies of the TSX Venture Exchange and the Company’s stock option plan.

    About ePower Metals

    ePower Metals Inc. is committed to creating significant shareholder value by advancing a high-quality portfolio of metals for the future – cobalt, copper and manganese – that the company believes are undervalued, strategically positioned and have significant potential to provide future supply to the growing rechargeable battery industry. With core projects in British Columbia, Idaho and Suriname, ePower is well placed to develop significant cobalt resources in in the face of tightly constrained cobalt market supply.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Michael Collins
    President and CEO

    For further information, please contact:
    Nancy Curry
    VP Corporate Development
    ePower Metals Inc.
    1507 — 1030 West Georgia Street,
    Vancouver BC, V6E 2Y3
    Telephone: (604) 428-6128
    Facsimile: (604) 428-6430
    Website: www.epowermetals.com

    Forward Looking Information

    Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of ePower Metals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. ePower Metal’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

    Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

    Click here to connect with ePower Metals Inc (TSXV:EPWR) for an Investor Presentation. 

    Source: www.newsfilecorp.com

    epower metals inc.tsxv:epwrbritish columbiacobalt investing
    The Conversation (0)

    Go Deeper

    AI Powered
    CSE:MREY

    Monterey Minerals Reports Results from Recent Field Work Program at Cobalt Mountain

    ASX:FCC

    First Cobalt Drills 25.7 metres of 0.35% Cobalt at Iron Creek

    Latest News

    Outlook Reports world

    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

    Nord Precious Metals

    NTH:CC

    BRAINCHIP FPO [BRN]

    BRN:AU

    European Electric Metals Inc.

    EVX:CA

    Grizzly Discoveries Inc.

    GZD:CA
    More featured stocks

    Browse Companies

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