Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning said it has initiated an extensive sampling program at historic mining operations in the Cobalt Camp in Ontario. The sampling program is intended to expand the company’s understanding of the characteristics of the material for potential processing of future ores from the Cobalt Camp. First Cobalt intends to acquire a representative sample of grades across several muckpiles and examine the material. In an effort to increase the grade of feed material, ore sorting technology will also be tested on large representative samples. “In tandem with ongoing exploration, this sampling program is a cost-effective way to understand the potential of this district and one that can be repeated across our post-merger land package. Success with this program could warrant reactivating the mill and potentially the refinery to produce refined battery materials and generate early cash flow,” First Cobalt president & chief executive officer Trent Mell stated in the news release.
To view the full press release, visit http://dtn.fm/9vIPo
About First Cobalt
First Cobalt’s objective is to create the largest pure-play cobalt exploration and development company in the world. Upon completion of the mergers with Cobalt One Ltd. and CobalTech Mining Inc., First Cobalt will control over 10,000 hectares of prospective land and 50 historic mining operations in the Cobalt Camp in Ontario, Canada as well as a mill and a permitted refinery facility. For more information, visit www.FirstCobalt.com.
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