Cobalt exploration and development company First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that it is now drilling from the surface and underground at its Iron Creek Cobalt Project as two additional drill rigs have been mobilized. The addition of two surface rigs will accelerate drilling results and complement ongoing underground drilling at the project. Surface drilling stations were built earlier this year and both rigs have commenced operation. “Our confidence level in the growing footprint of the Iron Creek project warrants an acceleration of drilling activities. A maiden resource estimate is underway and will be available by October. We believe Iron Creek is an important part of the pipeline of cobalt concentrate we intend to feed into the First Cobalt Refinery in Ontario and the addition of two more drill rigs will significantly speed up activities,” First Cobalt president and chief executive officer Trent Mell stated in the news release.
To view the full press release, visit http://ibn.fm/NNWIV
About First Cobalt Corp.
First Cobalt Corp., with headquarters in Canada, is a vertically integrated North America pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101) of 1.3M tons grading 0.59% cobalt; the Canadian Cobalt Camp, with more than 50 past producing mines; and the only permitted cobalt refinery in North America capable of producing battery materials. For more information, visit http://ibn.fm/FTSSF
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