First Cobalt Corp. (TSXV:FCC) has announced the sampling for multiple high grade cobalt outcrops and muckpiles from the historic small high-grade Caswell
mine in the Cobalt Camp. The company reported sampled cobalt grades at surface and shallow depths of 9.4%, 4.8%, 6.1% and 1.1%. The company continues
to sample rock from other historic mines in the camp with several assays currently pending. In addition to grab sampling, the company will be assessing
near surface high grade cobalt mineralization through shallow drilling, bore-hole geophysical surveys and ground geophysics covering larger areas in
the camp. The sampling at Caswell indicates that small high-grade targets need to be targeted in addition to the current focus on bulk tonnage opportunities
at the historic Bellellen, Drummond, Keeley and Frontier mines. We would also highlight that the company has recently merged with Cobalt One Ltd.,
which has enabled First Cobalt to trade on the ASX and given the combined company 100% ownership of a permitted cobalt refinery. 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
merger with CobaltTech Mining Inc. (TSXV:CSK).
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Alex Pitcher | Associate
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Company Specific Disclosure Details
First Cobalt Corp. - TSXV:FCC - 1,2
CobaltTech Mining Inc. - TSXV:CSK - None
Cobalt One Ltd. - NA - None
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