First Cobalt Reports Initial Mineralogical Results

- October 5th, 2017

First Cobalt Corp. (TSXV:FCC) announced initial results from a mineralogical assessment of sample material from various historical mines in the Ontario-based Cobalt Camp.

First Cobalt Corp. (TSXV:FCC) announced initial results from a mineralogical assessment of sample material from various historical mines in the Ontario-based Cobalt Camp.
Highlights include:

  • High grade vein style mineralization containing up to 9.22% cobalt and over 5,300 g/t silver found in muckpiles throughout the Cobalt Camp can be considered representative of historic mineralization styles and useful for mineralogical tests
  • Similarity of cobalt minerals in all types of veins allows for a consistent processing system for the various deposits throughout the camp
  • Disseminated and fracture-controlled mineralization styles, as found at the Bellellen and Haileybury Mines, with cobalt values of 0.25% and 0.5% occur in the same mineral phases, thus can be processed using one system
  • While generally lower in abundance, there may be opportunities for the metallurgical recovery of copper and nickel

Trent Mell, president and CEO of First Cobalt, commented:

We are finding high grade values in various mineralization styles, including disseminated and fractured mineralization styles, which is supportive of our strategy for the Cobalt Camp. In addition, these mineralogical test results are encouraging as they suggest that both cobalt-rich and silver-rich mineralization styles may be processed using similar flowsheets. The Cobalt Camp is rich with muckpiles located in proximity to historic mines and they provide an opportunity to study discarded material previously mined underground without the additional cost of drilling. The results of this study support further work to assess the muckpiles for processing, and they could potentially be a future source of initial ore.

Click here to read the full First Cobalt Corp. (TSXV:FCC) press release.

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