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Resource World - October-November 2017 - Vol 15 Issue 6

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22 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 7 1908 to 1965. Total reported production was 12,154,353 oz silver and 1,617,784 lb cobalt. Frontier operated 1921-1965 and produced 7,023,110 oz silver and 1,692,772 lb cobalt. A 7,000-metre drill program is under- way, with 5,000 metres targeting a 2-km strike length including the Haileybury and the Bellellen systems, both histori- cally well known for supporting silver and cobalt mineralization. The remaining 2,000 metres will be drilled on regional explora- tion targets to identify new mineralized vein systems. Geochemistry and assay sampling is now underway, while outcrop stripping continues at the Keely 1 and 2 prospects to better guide the orientation of the future drill programs. In addition, First Cobalt has a letter of intent to form a strategic alliance and earn a controlling interest in seven cop- per-cobalt properties near several major copper-cobalt operations and projects. The interest represents a substantial land pack- age totaling 19,000 hectares in the Central African Copperbelt in Katanga, DRC. First Cobalt has also planned a merger with Cobaltech Mining Inc. [CSK-TSXV] that would include a portfolio of 11 past- producing mines and a mill facility in the Cobalt mining camp. Cobalt Power Group [CPO-TSXV] holds 8,900 hectares in the Cobalt and Silver Centre camps, Ontario. The company is focusing on the Smith Project immedi- ately west of the past-producing Deer Horn Mine (Cross Lake O'Brien Mine). Until 1966, this mine produced 100,000 lb cobalt and 11 million oz silver. Several of its known veins extend onto the Smith property. Cobalt Power conducted a 1,897- metre drill program aimed at identifying/ extending the strike length of the veins on the Smith property. Assay results are pending. eCobalt Solutions Inc's. [ECS-TSX] primary asset is its 100%-owned Idaho Cobalt Project in Lemhi County, Idaho, near the town of Salmon. The project is fully permitted and has received a final Environmental Impact Statement and positive Records of Decision from both the U.S. Department of Agriculture National Forest Service and the US Environmental Protection Agency. A feasibility study is expected late September to update the 2014 PEA which slated the project to produce the equiva- lent of 1,500 tons cobalt sulfite annually over the mine life of 12.5 years. In antici- pation of the final feasibility study, the company has initiated pre-construction activities. Fortune Minerals Ltd. [FT-TSX; FTMDF-OTCQX] is advancing its NICO deposit in the Northwest Territories, where the deposit contains open pit and under- ground proven and probable reserves of 33 million tonnes containing 1.1 million oz gold, 82 million lb cobalt, 102 million lb bismuth, and 27 million lb copper. At the planned mill throughput rate of 4,650 tonnes per day, reserves will sustain operations for 20 years. The company's Sue-Dianne copper-silver-gold deposit

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