Formation Metals Extends Cobalt Deposit Strike by 14%

- January 21st, 2011

Formation Metals Inc. (TSE:FCO) reports its final assay results from its 2010 mine plan optimization drill program on its Idaho cobalt project, Lemhi County, Idaho.

Formation Metals Inc. (TSX:FCO) reports its final assay results from its 2010 mine plan optimization drill program on its Idaho cobalt project, Lemhi County, Idaho. 

The press release is quoted as saying:

These assays have confirmed economic ore grade mineralization an additional 390 feet along strike to the south and 200 feet down dip, representing a 14% increase in the known strike extension of the Ram deposit to 3,200 feet. These results are expected to increase the reserve / resource base and mine life of the project. A total of 5,727.5 feet were drilled in six holes in a previously untested area along the southern extension of the Ram deposit.

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Click here to access Formation Metals’ company profile.

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