Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning announced the filing of an independent NI 43-101 technical report evaluating its Greater Cobalt Project located near Cobalt, Ontario. Per the update, this report encompasses all of the Cobalt Camp properties resulting from the company’s 2017 merger with Cobalt One and CobalTech. The technical report, titled ‘NI 43-101 Technical Report for the Cobalt Project’, notes that the Cobalt Project is located in a favorable exploration area with a high concentration of cobalt and silver occurrences. As such, the report recommends a $4.5 million budget and exploration program for 2018, consistent with First Cobalt’s 2018 program. “The report is a strong endorsement of the quality of First Cobalt’s Canadian assets and supports our position that the Cobalt Camp has the potential to host new cobalt discoveries amenable to bulk mining,” Trent Mell, president and CEO of First Cobalt, stated in the news release.
To view the full press release, visit http://ibn.fm/SgDBI
Let us hear your thoughts: First Cobalt Corp. Message Board
About First Cobalt Corp.
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities. For more information, visit www.FirstCobalt.com
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment