RCKS Talk

10-Jul-2018

First Cobalt Corp.

Second Cobalt Trend Identified in Kerr Area of Cobalt Camp

Impact: Mildly Positive

First Cobalt has identified a second cobalt mineralized trend in the Kerr area at the Cobalt North project in the Canadian Cobalt Camp. The near surface cobalt mineralization extends over a 500m strike length and is parallel to the previously identified Kerr #2 Zone located 400m south, which has been traced over 350m to date.
  • Several closely spaced Co-Ag veins were intersected near the historic Drummond and Kerr Lake Mines, including: 6.5m grading 0.33% Co and 133 g/t Ag in addition to 10.7m grading 0.14% Co and 13.9 g/t Ag
  • Recent results support the company’s vision of large scale open pit mining in the Cobalt Camp, with new mineralization located just 400m north of Kerr #2 Zone; further testing is required to determine the continuity within the vein network system
  • First Cobalt is now reallocating a larger portion of this year’s exploration budget into the Kerr area despite having a multitude of other prospective targets across its land package; results from 9 holes are pending and additional drilling is planned
On an EV/hectare basis, First Cobalt is trading at a discount to other cobalt explorers in the Cobalt Camp of Ontario (C$0.011/ha vs peers at C$0.016/ha). We continue to believe the company’s unique attributes, including its land position, infrastructure and recent acquisition of US Cobalt are likely to close the gap to other cobalt exploration peers.

24-May-2018

First Cobalt Corp.

Kerr Strike Extended; US Cobalt Acquisition Approved

Impact: Positive

First Cobalt continues to gain momentum as the company releases another set of drill results from the Kerr area in Cobalt North and the US Cobalt acquisition gains approval.

  • US Cobalt acquisition approved; recent high-grade results confirm reasoning
  • Kerr area mineralized zone expands another 150m, total length now 350m and remains open
  • Mineralization mostly intercepted from 25m to 100m: believed to extend to surface
We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers. The completion of the US Cobalt acquisition is the next key catalyst for the company, which is expected around May 31, 2018.

 

03-May-2018

First Cobalt Corp.

High Priority Kerr Area Extends over 200m; Remains Open

Impact: Mildly Positive

Encouraging recent drilling in the Kerr area provides momentum for First Cobalt in advancing exploration efforts across its large land package in the Cobalt Camp.

  • Kerr area mineralized zone expands to 200m, remains open
  • Drilling complements disseminated mineralization thesis
  • Follow-up planned for the high priority Kerr area
We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers. Next key catalyst for the company is the completion of the US Cobalt acquisition, expected on or around May 28, 2018.

16-Apr-2018

First Cobalt Corp.

US Cobalt Drill Results Encouraging; Acquisition Advances

Impact: Mildly Positive

On March 14, 2018, First Cobalt Corp. (TSXV:FCC) announced a move into the U.S. with the acquisition of US Cobalt Inc. (TSXV:USCO), owner of the Iron Creek Cobalt Project in Idaho.

  • Acquisition continues to advance, US Cobalt was granted an interim order last week and securityholders will meet May 17, 2018 to consider the transaction
  • Encouragingly, US Cobalt intersected more high-grade cobalt from 2017 drilling, highlight by 0.31% CoEq over 4.1m and 0.50% CoEq over 2.0m including 0.71% over 0.9m (Hole IC17–39), results are pending from 2018 drilling
  • We view the transaction is accretive as provides diversity outside of the Cobalt Camp and adds resources for First Cobalt 
We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers. Next key catalyst for the company is the completion of the US Cobalt acquisition, expected on or around May 28, 2018.

04-Apr-2018

First Cobalt Corp.

Woods Extension Drilling Expands Zone

Impact: Neutral

Download Report

A total of 7 holes (1,436m) were drilled north of the Frontier Mine, in the Woods Extension Zone to further test cobalt mineralization. Results from the latest two holes returned 0.47% Co and 0.50% Cu over 0.65m (FCC-18-0015) as well as 0.77% Co and 2.67% Ni over 0.30m (FCC-18-0020).

  • Results continue to extend the Woods vein and could represent an initial resource area but more work is needed
  • While there are hints of broader zones of alteration; assay results continue to suggest narrow veins of mineralization
  • First Cobalt continues to actively explore with ongoing drilling and surface exploration, along with downhole geophysical surveys and televiewer imaging planned in an effort to understand the complex structural nature of this area
 
We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers. Next key catalyst for the company is the completion of the US Cobalt acquisition.

26-Mar-2018

First Cobalt Corp.

Initial Results Identify Possible +100m Zone near Kerr Mine

Impact: Mildly Positive

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Results have identified a possible +100m zone of cobalt mineralization, with more results pending.

  • Initial results identify possible +100m zone in Cobalt North.
  • Results from 3 more holes are pending.
  • Cobalt camp continues to advance, bulk tonnage sampling targets developing.  
We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers. Next key catalyst for the company is the completion of the US Cobalt acquisition.

01-Jan-2018

First Cobalt Corp. (TSXV:FCC)

RCKS Talk Blog Archive

We updated the look & feel of our RCKS Talk Research Blog in March 2018.

To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.

Click here to access the RCKS Talk Blog Archive for First Cobalt Corp. (TSXV:FCC)


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