First Cobalt Drill Program Extends Mineralization at Iron Creek

- July 19th, 2018

First Cobalt is a North American pure-play cobalt company. Currently First Cobalt has three assets: the Iron Creek project, the Canadian cobalt camp and the Iron Creek project. 

First Cobalt Corp. (TSXV:FCC,ASX:FCC,OTCQX:FTSSF) has announced that drilling from underground at the Iron Creek cobalt project in Idaho, USA continues to extend mineralization beyond the extents of the historic resource.

First Cobalt is a North American pure-play cobalt company. Currently First Cobalt has three assets: the Iron Creek project, the Canadian cobalt camp and the Iron Creek project.

As quoted from the press release:

Results from six drill holes completed at the western extension of the mineralized zones validate previously reported intersections which have, to date, extended the total strike length of the Waite Zone to 520 metres along a dip length of more than 250 metres.

Highlights

  • 6.4m of 0.61 percent Co and 0.24 percent Cu within a broader 24.6m intercept grading 0.28 percent Co and 0.22 percent Cu in the Waite Zone to the west of the previously drilled initial resource area
  • Four holes drilled over 50m west of the previously known mineralization have traced the Waite Zone along a dip length of 250m from surface to depth
    • This portion of the Waite Zone is particularly copper-rich, returning up to 6.5m of 0.83 percent Cu and 0.19 percent Co
  • High-grade intercepts are contained within broader zones of lower grade cobalt-copper that, with further drilling, could be suitable for bulk mining methods

“Drilling continues to extend the strike and dip extent of the Iron Creek project beyond the boundaries of the maiden resource estimate expected in October. The consistency of cobalt grades across wider widths and the higher copper grades were expected and are encouraging. These results support further testing the western strike extension of Iron Creek for a second resource estimate in early 2019,” said Trent Mell, president & CEO of First Cobalt.

Click here to read the full press release

 

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