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Thursday, December 07, 2017 Derek Macpherson

FCC Expands Cobalt Camp Land Position

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First Cobalt Corp. (TSXV:FCC) has announced that it has acquired four contiguous mining claims located in the Central Cobalt region in Ontario near the past-producing Caswell mine. The Caswell mine has historically hosted the highest cobalt-silver ratios within the camp. The claims cover an area that is suspected of containing the extension of structures related to mineralization at the Caswell mine and the Thompson prospect. The properties are contiguous to First Cobalt properties to the west of the Caswell and La Tour mines and the Thompson prospect in Central Cobalt, which further consolidates this prospective area in the Cobalt Camp. 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. Besides pending drill results, important upcoming catalysts are likely to include planned metallurgical test results. read more


Monday, December 04, 2017 Derek Macpherson

FCC Samples More High-Grade Cobalt

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First Cobalt Corp. (TSXV:FCC) has reported high grade cobalt assays at the past-producing Juno mine to the north of the Drummond mine. Grab samples of 3.9%, 2.6% and 2.0% Co confirm high grade cobalt veins and suggest the presence of a broad hydrothermal system in the Kerr Lake area. High grade cobalt was contained in sample material with elevated nickel and high-grade copper in one sample, similar to the mineral composition seen at Bellellen mine in Cobalt South. The company also sampled silver grades of up to 4,112 g/t Ag, which is believed to likely represent the type of material historically mined. The company stated that the high nickel, copper and silver grades indicate the potential to be recovered as payable metals. 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. Besides pending drill results, important upcoming catalysts are likely to include planned metallurgical test results. read more


Thursday, November 23, 2017 Derek Macpherson

First Cobalt and CobalTech Merger Approved

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First Cobalt Corp. (TSXV:FCC) announced the merger with CobalTech Mining Inc. (TSXV:CSK) has been approved, which owns the past-producing Kerr Lake and Lawson mines as well as a fully-permitted 100 tpd mill. As previously announced, for each CobalTech share, CobalTech will receive 0.2632 of a First Cobalt common share. Earlier in the week, the company also received approval for the merger with Cobalt One. Subsequently, First Cobalt can begin to finalize the consolidation of all three companies, expecting to close the transactions over the next 2 weeks. 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, important upcoming catalysts are likely to include planned metallurgical test results and the completion of the approved mergers with Cobalt One and CobalTech.  read more


Tuesday, November 21, 2017 Derek Macpherson

First Cobalt Reports 9.4% Co Sample

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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).  read more


Monday, November 20, 2017 Derek Macpherson

FCC to Begin Trading on ASX; Cobalt One Merger Approved

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First Cobalt Corp. (TSXV:FCC) announced the Cobalt One merger has been approved and the company is expected to begin trading on the ASX November 22, 2017 under the ticker FCC, subject to regulatory approval. Upon closing of the transaction, Cobalt One shares will be halted on November 21, 2017. First Cobalt will gain a dual-listing and own the only refinery in the Cobalt Camp, providing liquidity for the stock and the opportunity to accelerate production. 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, important upcoming catalysts are likely to include planned metallurgical test results and the completion of the planned mergers with Cobalt One and CobalTech Mining Inc. (TSXV:CSK).  read more


Thursday, November 16, 2017 Derek Macpherson

FCC to Assess Economic Potential of Muckpiles

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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.  read more


Wednesday, November 08, 2017 Derek Macpherson

FCC’s Sampling Yield’s Impressive Cobalt Grades

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First Cobalt Corp. (TSXV:FCC) has announced sampling results from grab samples taken from muckpiles at the historic Silver Banner mine at the northern part of the company’s Cobalt Camp in Ontario. The company highlighted grades of up to 1.14% Co from a vein-type mineralization, which contained silver and nickel mineralization as well. The relationship between the cobalt, silver and nickel is comparable to that of the large mineralized systems within the Cobalt Camp. These grab samples continue to reflect the potential for the presence of a broader cobalt mineralization in the camp that has been overlooked by previous exploration. 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.
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Thursday, November 02, 2017 Derek Macpherson

FCC Releases First Drill Results; More to Come

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First Cobalt Corp. (TSXV:FCC) has announced the first results from its drilling program at Keeley-Frontier. While drilling has yet to intersect, the wider disseminated cobalt mineralization sought, it continues to highlight that cobalt mineralization exists in the camp. Drilling targets on the property include cobalt mineralization over a total of 2km in strike length, which represents less than 2% of a proforma land package that hosts several historic cobalt-rich mines. The company intersected 0.83% Co and 30 g/t over 0.5m (Hole KV-WV-0008) north of the past-producing Frontier mine, which appears to represent an extension of the Woods-Watson vein system (Figure 1). This vein previously accounted for significant production on the property. 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.  read more


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