Resource World Magazine

O C T O B E R / N O V E M B E R 2 0 1 7 www.resourceworld.com 21 "to address the most significant social and environmental impacts related to the extraction and processing of raw materials used in the global supply chains of tech- nology companies." Increased demand and corporate socially responsible practices have sparked a race for new sources of cobalt in North America and mineral exploration companies have been staking potential cobalt properties at a record pace. The following companies are leading the charge in North American cobalt exploration and mine development. American Manganese Inc. [AMY- TSXV; AMYZF-OTC; 2AM-FSE] owns the Rocher Deboule property 10 km south- west of Hazelton, British Columbia. The property features past-producing, under- ground mines including Rocher Deboule, Victoria, Highland Boy, and Cap. The Rocher Deboule Mine produced 36,457 tonnes containing 2,167,780 grams silver, 133,676 grams gold and 2,557,433 kg cop- per between 1915 and 1929; the adjacent Highland Boy Mine produced 68 tonnes containing 1,089 grams silver, 124 grams gold and 4,760 kg copper. The Victoria No.1 Vein produced 51 tonnes, contain- ing 7,341 grams gold and 785 kg cobalt between 1926 and 1940. Fieldwork by American Manganese in the 2017 field season focused on the Victoria No.1 Vein. Eight of 14 rock chip samples returned encouraging gold, silver, cobalt, molybdenum and nickel grades. The company also completed geochemical sampling an area covering approximately 300 hectares (Victoria No.1 & No.3 Vein Zones) to outline buried potential mineral targets. Brixton Metals Corp. [BBB-TSX.V] has 100% interest in the Langis-Hudson Bay silver-cobalt project which includes the former Langis and the Hudson Bay silver mines in the Cobalt region of northern Ontario. The Langis Mine historically pro- duced 10.4 million oz silver and 358,340 lb cobalt, while the Hudson Bay Mine pro- duced 6.4 million oz silver and 185,570 lb cobalt. Historical data compilation is underway. Historical (non NI 43-101 complaint) rock grab samples returned up to 18% silver and 16% cobalt. Subject to funding, the company plans to conduct drilling at the Langis and Hudson Bay Project in the fall and winter field seasons. Castle Silver Resources Inc. [CSR- TSXV] is exploring the former Castle Mine and the Beaver and Violet mines, also in the Cobalt area. A 2,000-metre drill program (20 holes) is underway on the 100%- owned Castle Mine property. The drilling follows an 82-kg underground bulk sam- ple from the first level of the former mine which returned 1.48% cobalt, 5.7 g/t gold and 26.3 g/t silver. The Castle Silver Mine operated at various times between 1917 and 1989 pro- ducing a documented total of 292,686,672 grams (9,410,095 oz) silver and 376,053 lb cobalt. Meanwhile, multiple surface samples have been collected on the Beaver property, where historically 140,000 pounds of cobalt was produced. CBLT Inc. [CBLT-TSXV] has acquired four claim blocks in the Gowganda region, 85 km northwest of Cobalt. Four historical surface grab samples taken at Bloom Lake ranged from 219 to 603 g/t silver, 0.3 to 0.9% cobalt, and 11.0-14.7% copper. A single drill hole intersection of 1,250 g/t silver over 3.0 metres is reported at the Unit Reef prospect, while historic values reported to the west, northwest and east of Nicol include values of 50 and 7,800 g/t silver from two surface grab samples taken at the Byberg prospect 400 metres west of Nicol. At the Bishop occurrence, a 365-metre shaft and adit were part of the develop- ment work, with values of 0.3% cobalt and 1.6% copper reported from a single surface grab sample taken there. To the east, values of 0.1% silver and 0.9% cobalt were reported from a single surface grab sample taken at the Powerful pros- pect. A single grab sample taken from a trench returned 65.4 1,844 g/t silver and 0.2% cobalt at the Lacarte prospect 2.5 km north of Lawson. The company is planning an exploration program. Cruz Cobalt Corp. [CUZ-TSXV] cur- rently has nine cobalt projects located throughout North America – four in Ontario, three in British Columbia, one in Idaho and one in Montana. Cruz's four separate Ontario cobalt prospects are all located in the vicinity of Cobalt. Cruz's Ontario projects include the 1,265-acre Coleman cobalt prospect, the 900-acre Johnson cobalt prospect, the 5,000-acre Hector cobalt prospect and the 1,580-acre Bucke cobalt prospect. To date, the company has completed an airborne work program over the four-properties and plans to begin additional exploration work to assess after they analyze the results of the recent airborne survey. The company has also mobilized crew and begun exploration work on its 100%- owned Idaho Star property. First Cobalt Corp. [FCC-TSXV] is exploring its 2,100-hectare Silver Centre property, near Cobalt, which includes the former Keeley-Frontier Mine that produced 3.3 million lb cobalt and 19.1 million oz silver. Keeley and Frontier were developed and operated as separate mines and integrated in 1961. Keeley produced intermittently Increased demand and corporate socially responsible practices have sparked a race for new sources of cobalt in North America and mineral exploration companies have been staking potential cobalt properties at a record pace.

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