Resource World Magazine

Resource World - Aug-Sept 2016 - Vol 14 Iss 5

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a u g u s t / s e p t e m b e r 2 0 1 6 www.resourceworld.com 65 p r o F e s s i o n a l d i r e c t o r Y WE PROMISE AND WE DELIVER LILTHIUM PROJECTS FOR INITIAL PUBLIC OFFERING Fayz Yacoub Professional Geologist Tel: (604) 831-0424 Email: fayz@ontrackexploration.com www.ontrackexploration.com ity prospects. We have started in Canada and are now evaluating North American and Australian prospects. The prospects will be available for option or selling outright making the company self-financing." In late July, Cruz Capital acquired six prospects in Canada; two in BC and four in the famous Cobalt Mining Camp of northeast Ontario. In 1903 extremely rich silver veins were discovered which also hosted significant quantities of cobalt – not yet an important metal. By 1905 there were sixteen mines with many more to come. Cobalt became the richest silver camp in the world. Silver-cobalt mineralization was widespread, often occurring in many parallel veins and dozens of mines achieved produc- tion. The last mines closed down in the early 1980s – sometimes leaving behind attractive mineralization at today's metal prices. With the advent of lithium-cobalt ion batteries and several factories under construction, the Cobalt Mining Camp offers a compelling case for discovering and developing mineral prospects hosting the critical specialty metal cobalt. Cruz Capital has just over eight million shares outstanding and seven separate cobalt assets. n continued from page 53 An aerial view of the Fortune minerals NICo project 160 km northwest of Yellowknife, Northwest territories during the test mining phase. photo courtesy Fortune minerals Ltd.

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