Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE),
a Canada-based exploration company, this morning announced the beginning of
phase two drilling at its flagship Cyclops nickel-cobalt development project in
Indonesia. The drilling is part of a complex exploration program intended to
verify historical results and produce a resource estimate in late 2019. In
addition to historically identified and drill-tested areas, Pacific Rim Cobalt’s
efforts will also focus on previously undrilled prospects. The company’s goal
for the second half of 2019 is to complete up to 50 additional drill holes and
then establish a maiden compliant resource on the project. In addition, Pacific
Rim Cobalt also announced the completion of a debt settlement with three
creditors which will result in a total of $180,000.00 of indebtedness being
retired in consideration for the issuance of 600,000 common shares at a price
of $0.30 per common share. “With the commencement of our phase two program
guided by historical data, we are optimistic about the unique possibility of
developing this project into an asset that will add shareholder value and
position the company to play a future role in the battery metals supply chain,”
Pacific Rim Cobalt CEO Ranjeet Sundher stated in the news release. “We expect
the near-surface nature of cobalt/nickel mineralization at the Cyclops project
will lend itself well to low-cost, logistically straightforward drilling.”
To view the full press release, visit http://ibn.fm/vAIpL
About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt is a Canadian‐based exploration company
focused on the acquisition and development of production grade nickel and cobalt
deposits, key raw material inputs for the growing lithium‐ion battery industry.
For more information, visit the company’s website at www.PacificRimCobalt.com.
NOTE TO INVESTORS: The latest news and updates
relating to PCRCF are available in the company’s newsroom at http://ibn.fm/PCRCF
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