RCKS Talk

Wednesday, January 24, 2018 Derek Macpherson

FCC Initiates Structural Study of Cobalt Camp

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First Cobalt Corp. (TSXV:FCC) announced the start of a research program to study the structural controls for cobalt-silver mineralization in the Cobalt Camp. We view this study as important in allowing First Cobalt to achieve its objective of identifying a Cobalt deposit of scale within the camp. The study should complement exploration work completed in 2017, continuing to build on and improve geological models of the property. Understanding the structural controls is a valuable strength in defining the presence of a large disseminated deposit the company is exploring for. 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. We expect results from the upcoming exploration program to be an important upcoming catalyst. read more


Tuesday, January 16, 2018 Derek Macpherson

FCC Launches Property Wide 2018 Exploration

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First Cobalt Corp. (TSXV:FCC) has budgeted C$7 million for 26,500m of drilling and exploration throughout the Cobalt Camp, focusing on 13 targets to test the different styles of mineralization and the diverse geological settings realized during 2017 exploration (Figure 1). In Cobalt North area, targets include the past-producing Drummond, Kerr, Silver Banner, Juno, Silverfields, Hamilton, Ophir, Lawson and Conisil mines where historically cobalt was not an area of focus, rather copper, zinc and lead. The under-explored Central Cobalt area will be the focus of regional mapping and prospecting, targeting the Caswell mine. In the Cobalt South area, 3,000m of drilling will target the Bellellen Mine, 2,000m is being considered for the Maiden Lake region and follow up drilling is planned at the Keeley and Frontier mines. To further define targets, geophysical testing will be undertaken in certain areas, including downhole and ground geophysical surveys, televiewer surveys and soil geochemistry. In Q1 2018, the company is planning to release a consolidated NI 43-101 technical report, to include recently acquired claims and results from 2017 drilling. 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. We expect results from the upcoming exploration program to be an important upcoming catalyst. read more


Wednesday, January 10, 2018 Derek Macpherson

FCC Intersects Co Mineralization in Woods Extension

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First Cobalt Corp. (TSXV:FCC) reported drill results from two holes, intersecting two separate veins, in the Woods Extension area of the Cobalt Camp (Figure 1). Between the Woods and Watson veins, results returned 0.57% Co and 1.40% Ni over 0.40m (KF-WV-0003). In addition to previously drilling (KF-WV-0008), recent results indicate a possible extension of the Watson vein, returning 0.34% Co over 0.40m (KF-WV-0007). The company has planned further drilling in the Woods Extension area which remains open along strike to the north, following drilling at Bellellen. 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, January 04, 2018 Derek Macpherson

FCC Tucks-In 5 Claims in North Cobalt

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First Cobalt Corp. (TSXV:FCC) has acquired five unpatented claims in the North Cobalt region of the Cobalt Camp, three of which border current land holdings east of the historic Silver Banner and Ophir mines (Figure 1) where muckpile grab samples included 1.14% Co, 0.69% Co and 0.47% Co. In the summer of 2018, the company is planning a grassroots exploration program which will include soil and till geochemical surveys as well as field mapping. We view the consolidation favourably, as the company continues to expand its land position in the Cobalt Camp. 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, 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


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