First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC), a North
American pure-play cobalt company, this morning reported drill results from its
Iron Creek Cobalt Project in Idaho, extending mineralization at an additional
100m to 250m from surface in the central section of the present resource area
at grades similar to the resource estimate. Per the update, broad widths of
mineralization continue to be intercepted and numerous new cobalt-copper
intercepts occur between the main zones as well as in the footwall and
hangingwall, providing more evidence that continuous mineralization extends
along other horizons. Importantly, this could provide additional tonnage to a
future resource calculation. “Results from the drill campaign completed in
December are showing very good continuity and consistency of mineralization. As
expected, we have encountered mineralization at depth and in the footwall and
hangingwall of the No Name and Waite Zones. In addition, mineralized intercepts
between the two historic zones are occurring over appreciable widths,
indicating the possibility that the two zones could in fact be a single, larger
zone. A total of 13,000 meters were completed in phase two drilling and assays
received to date provide a strong indication that the company can show a
significant enhancement over the maiden resource estimate,” First Cobalt
president & CEO Trent Mell stated in the news release. “First Cobalt is
well positioned for a rebound in the commodities sector. Important near-term
catalysts for shareholders include an update on the First Cobalt Refinery
expected shortly and the Iron Creek resource estimate anticipated by March 31.”
To view the full press release, visit http://ibn.fm/0u1bI
About First Cobalt Corp.
First Cobalt is a North American pure-play cobalt company
whose flagship asset is the Iron Creek Cobalt Project in Idaho, USA, which has
Inferred mineral resources of 26.9 million tonnes grading 0.11% cobalt
equivalent. The company also owns the only permitted cobalt refinery in North
America and 50 past-producing mines in the Canadian Cobalt Camp. For more
information, visit http://ibn.fm/FTSSF
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