First Cobalt Corp. (TSXV:FCC) has announced an extensive sampling program at the historic mining operations within the Cobalt Camp with the objective
of gaining a meaningful early insight into the geology, metallurgy and bulk mining potential of the Camp. The company will be sampling seventeen muckpiles,
mine rocks that have been broken and piled on surface by previous operators, to test ore sorting technology on samples, test metallurgy of samples
and assess opportunities for early cash flow. We would also highlight that 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, pro-forma. Besides pending drill results
(53 holes pending assay), important upcoming catalysts are likely to include planned metallurgical test results and the completion of the planned mergers.
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Alex Pitcher | Associate
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First Cobalt Corp. - TSXV:FCC - 1,2
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