Global Cobalt Begins Further Mine Planning Activities and Program For Karakul

Global Cobalt Corp. (TSXV:GCO) reported that the Company has initiated critical path items for the Karakul Cobalt Project in Russia such as updated environmental, social and metallurgical studies required for mine planning under Russian subsoil regulations, as a result of the Winter 2013 diamond drill program.

The 2013 results are leading the exploration team to consider the deeper, bulk tonnage underground potential of Karakul and are contributing to a greater understanding of the zonation of metals within mineralised zones. As a result of greater confidence in other metals in the deposit, cobalt equivalent (“CoEq”) grades are being reported for the first time at Karakul.

Global Cobalt’s team has initiated critical path items such as updated environmental, social and metallurgical studies required for mine planning under Russian subsoil regulations. Global Cobalt has short listed several consultants to complete updates to previously initiated environmental and social studies and hope to announce new contracts in the near future. Planning for additional metallurgical work, including a 750kg bulk sample is underway as part of the 2014 Work Program that will also focus on infill and deep drilling at the Western Zone and more definition drilling along the Eastern Zone where higher grade cobalt zones have been intersected.

Global Cobalt CEO, Erin Chutter, said:

Each release of assay results continues to confirm the validity of the historical drill and technical data but more importantly, we are gaining an understanding of the unique high grade sections for each metal group within the Karakul Cobalt Project which is key as we initiate on mine planning activities.

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