First Cobalt announces that it will acquire the company US Cobalt, further enhancing First Cobalt’s...
First Cobalt starts borehole survey program in Ontario
First Cobalt Corp. announces it has commenced its 2018 borehole geophysical and optical televiewer survey program to test holes drilled in Cobalt South and for the first time in Cobalt North in the Cobalt Camp in Ontario, Canada. The Company controls 50 historic mines over 10,000 hectares as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials.
The borehole program is intended to expand known zones of cobalt mineralization and further define the controlling structures in these two areas. The borehole geophysical data will also be used to assess ground geophysical methods for detecting blind cobalt mineralization elsewhere in the Cobalt Camp.
Dr. Frank Santaguida, Vice President, Exploration, commented:
"Combining survey data with assay results and geological logs allows for quicker assessment and follow-up during the next stage of drilling. Borehole televiewer surveys are a relatively modern mineral exploration tool that will help map previously mined silver vein systems and could spatially define mineralization trends to predict where cobalt mineralization occurs."
The 2018 borehole geophysical and optical televiewer survey program is designed to improve understanding of the controlling structures in the mineralized system as borehole surveys provide more accurate data than surface geophysics and aerial surveys. By improving the understanding of the broader structural environment, First Cobalt anticipates it will be better able predict where other mineralized structures may lie.”