Primary Cobalt Corp. (CSE – Prim) (“Primary” or the “Company”) is please to announce the results of grab samples taken during May 2018 due diligence site visits.
Primary Cobalt Corp. (CSE – Prim) (“Primary” or the “Company”) is please to announce the results of grab samples taken during May 2018 due diligence site visits. The samples were taken from the Cobalt, Copper, Silver, Lead, Nickel and Manganese projects, inside one of the galleries on its Buran permit permits in Almeria and from the waste dumps of old cobalt mines located within the Beatriz permit in Granada province in southern Spain.
Daniel Porras, Dipl.-Geol, member European Federation of Geologists (“EFG”) who is a Qualified Person as defined under National Instrument 43-101, supervised the collection of the samples (Buran Sample). The samples were submitted to ALS Minerals in Seville, Spain for analysis. The samples were crushed, split, a portion was pulverized and a one-gram aliquot analyzed by ALS Chemex method ME-MS61 (48 elements, including Si, Cu, Pb, four-acid ICP-MS). Some relevant results among others are summarized in the table below, in grey colour the anomalous values:
|PROJECT||SAMPLE||Ag (ppm)||Co (ppm)||Cu (ppm)||Mo (ppm)||Ni (ppm)||Pb (ppm)||Zn (ppm)|
Buran and Beatriz Projects, Andalucia, South-South East Spain
- The mineralization is enriched in several elements (Co-Ni-Ag-Se-As-Hg) that entry into the category of RSE (redox-sensitive elements). The mineralization is stratified with high TOC dolomites affected by thrusts, a Mississippy Valley-type origin can be extrapolated for this deposit, with the origin of the metals in the washing of marine series or from the mafic intercalations into the series, with the carbonate/dolomite formations as a “reducing trap” for mineralization.
- The concentrations of primary cobalt minerals are important and with further exploration to determine to their regional extension. This type of deposit can be very widespread in Betica, and could also concentrate elements of the platinum group. It is quite similar to the D.R.C. mineralizations.
References: Algunos minerales característicos de la Provincia de Granada ,Arana R. Boletin de la Sociedad Española de Mineralogía 2, Investigaciones Mineralógicas en Sierra Nevada(Cordilleras Béticas. España) – TESIS DOCTORAL Universidad de Granada Arana R. Monografía sobre recursos minerales de cobalto en España, Rubio Navas J. IGME (Instituto Geológico y Minero de España)
Pat Morris, President of Primary, said, “The analytical results from this sampling program will assist us in identifying potential target areas for core drilling during our exploration program. The unexpected high contents in other important elements are very encouraging and speak to the potential upside in our search for these critical energy metals.”
The technical information contained in this news release has been reviewed and approved by Daniel Porras, Dipl.-Geol, member European Federation of Geologists (“EFG”) who is a Qualified Person as defined under National Instrument 43-101.
PRIMARY COBALT CORP. (CSE: PRIM) is a listed junior exploration company and is engaged in the business of acquiring, exploring and developing ethically sourced Cobalt, Copper, Nickel and Vanadium focussed mineral resource properties to create value for its shareholders.
ACQUISITION FOCUS – Other projects Primary is investigating are in the clean energy sector. In this sector, the Company if focused specifically upon exploration opportunities to source green energy power minerals for use in battery production. Primary’s interests in this sector are guided by the following:
- Identifying opportunities in regions that are conducive to mining due to the regulatory nature of the government with existing infrastructure.
- Identifying opportunities in geographical locations that provide easy access large markets for these metals.
- Identifying opportunities with locations with existing mine shafts.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Patrick Morris
Patrick Morris, CEO
Telephone: +1 778-735-1000
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
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