eCobalt Solutions Inc. (“eCobalt” or “the Company”) (TSX: ECS, OTCQX: ECSIF)announces the results of an updated resource estimate prepared in accordance with National Instrument 43-101 for the Idaho Cobalt Project (“ICP”), located in the Idaho Cobalt Belt near Salmon, Idaho, USA (the “Updated Resource Model”).
As quoted in the press release:
“The Updated Resource Model delineates an increase in the resources available for reserve and is in line with our expectations with regards to the targeted conversion of inferred resources to M&I,” stated Floyd Varley, eCobalt’s Chief Operating Officer. “Work is ongoing to determine the economic significance of these results, which will be incorporated into a new feasibility study and mine plan. The Updated Resource Model also provides additional insight into the controls of mineralization. This information will help inform future drilling efforts to advance the Ram deposit as well as planning of mine infrastructure.”