Canada-based exploration company Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) recently provided a Cyclops, nickel/cobalt project development update, as well as next steps for the company in 2018. Per the update, the company reported mini-bulk sample and drilling results indicating strong mineralization occurring from surface with nickel values of up to 2.65 percent and 1.78 percent, as well as cobalt of up to 0.24 percent and 0.16 percent. In addition, the company’s partner for mineral process and extraction completed a successful bench scale scoping program yielding recoveries of up to 98.6 percent nickel and 96.5 percent cobalt. Pacific Rim continues to receive drilling results it expects to disclose regularly through the balance of 2019. This year’s planned Phase 1 and Phase 2 drilling programs are approximately 15 percent complete with 50 percent of drilled holes assayed and made public. Further, the company aims to complete its maiden resource estimate at Cyclops in accordance with National Instrument 43-101 standards and may, in 2019, commence formal negotiations with Beijing Easpring Material Technology Co., Ltd. to achieve a binding Offtake Agreement for nickel and cobalt sulphates. The companies are currently party to a July 2018 Preliminary Offtake Agreement.
To view the full press release, visit http://ibn.fm/VZpxj
About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt Corp. is a Canadian publicly listed company currently focused on the development of cobalt projects within Indonesia. The company believes cobalt will be the next dominant investment trend related to the critical components of lithium-ion batteries. Cobalt is currently in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary potential. 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
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
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