Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) this morning announced a $9 million work program for its Iron Creek Project in Idaho, which it acquired on June 4, 2018. Per the update, the company intends to publish a mineral resource estimate by October 2018 and complete an additional 30,000 meters of drilling designed to double the mineralized zone along strike beyond the area drilled in 2017. “First Cobalt acquired US Cobalt because we believe that Iron Creek is one of the most prospective and advanced projects in North America. With a historic resource estimate, patented land and 600 metres of underground development, Iron Creek is a prized high grade primary cobalt asset in a great mining jurisdiction,” Trent Mell, president and CEO of First Cobalt, stated in the news release. “Today’s budget and work program is a testament to our conviction about this cobalt-copper projects’ ability to be expanded and ultimately fast-tracked for future production in North America.”
To view the full press release, visit http://ibn.fm/Otm4D
About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. First Cobalt controls over 10,000 hectares of prospective land covering over 50 historic mines as well as mineral processing facilities in the Cobalt Camp in Ontario, Canada. The First Cobalt Refinery is the only permitted facility in North America capable of producing cobalt battery materials. First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus on North America. For more information, visit the company’s website at http://ibn.fm/FTSSF
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