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.
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.