Resource World Magazine

24 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 7 439.1 hectares of staked crown claims. In the past, $25 million was spent on infrastructure including an adit which goes down 500 feet parallel to a vein which, based on historic drilling results, provides access to a probable and inferred resource of 100,000 tons of cobalt with a grade of 0.45%. Several zones of min- eralization have been identified nearby and the project is targeted for drilling to increase resources. The Glencoe property is west of Teledyne and covers the southern exten- sion of the former producing Agnico Mine property which produced 4,350,000 lb cobalt and 980,000 oz silver. In the 1980s, the property was explored by 36 drill holes totaling 3,323 metres and outlined two separate vein systems. At the time it was hypothesized the Main Zone was the extension of the #3 vein of the Cobalt Contact Mine north of the lease. PolyMet Mining Corp. [POM-TSX; PLM-NYSE MKT] is focused on permit- ting, building and operating the NorthMet copper-nickel project in the Mesabi Iron Range, northeast Minnesota. The company also owns 100% of the nearby Erie Plant and associated infrastructure. The company has submitted envi- ronmental permits and the State and Federal agencies have published the Final Environmental Impact Statement. When commissioned, the mine will produce 72 million lb copper, 14.4 million lb of nickel, 720,000 lb cobalt and 106,000 oz precious metal concentrate. The company's objectives are to have the draft permit applications out for pub- lic comment in Q3, updating the feasibility study and technical reports, advancing the project engineering and beginning reha- bilitation plant work at the Erie Plant. Power Americas Minerals Corp. [PAM-TSXV; VV0-FSE], fomarly Victory Ventures, owns the Kittson cobalt property in the Cobalt Mining Camp. The property includes two former mines, the Shakt Davis and Cobalt Kittson. Shakt Davies saw intermittent development from 1906 to 1964 with the bulk of the underground workings completed 1924-1926. No pro- duction records remain; however, historic reports indicate values of 1.5% cobalt over 1.37 metres and select grab samples returned up to 4% cobalt and 93.3 g/t gold. More recent sampling (1987) of the mine waste pile by the Ontario Geological Survey returned 0.25% cobalt, 0.75% nickel, 0.05% copper and 3.4 g/t gold. In January 2017, the company signed an option to acquire 100% interest in the Kittson property for a purchase price of $1,155,000 by issuing 25,000,000 shares at $0.045 per share and $30,000 cash payable within 12 months. The property is subject to an underlying 2% Net Smelter Return royalty. US Cobalt Inc. [USCO-TSXV; USCFF- OTCQB; 26X-FSE] owns the Iron Creek cobalt property, Lemhi County, Idaho. The property has had 30,000 feet of drilling and 1,500 feet of underground workings developed. US Cobalt has completed a three-hole drill program of 1,913 feet to confirm historic data. A total of 30,000 feet of drilling is planned for the 2017 field sea- son. In addition, 133 channel samples have been completed in the rehabilitated adit. Underground sampling identified a 20-foot true thickness zone in four chan- nels: 20 feet grading 0.45% cobalt, 20 feet of 0.57% cobalt, 30 feet of 0.56% cobalt and 45 feet of 0.54% cobalt. Most of the cobalt mineralization occurs within copper mineralization identified by the underground channel sampling. The larger copper zone has a thickness of 70 feet grading 0.985% copper and 65 feet of 1.0% copper. A copper zone near the por- tal represented a 20 feet thickness grading 1.5% copper. Volt Energy Corp. [VOLT-TSXV] owns two blocks of property in the Cobalt Camp: the Temiskaming and Fabre proper- ties. Historical drilling predates NI 43-101 standards; however, cobalt and silver mineralization has been recorded on both properties through historical drilling. n WHY CRUZ IS COMPELLING NOW • Cruz has 9 separate high-grade cobalt prospects across North America • Cruz is one of the largest landholders surrounding the town of Cobalt, Ontario • Cruz has hired experienced Geologists to begin exploration in Ontario, Idaho, Montana & BC • Cruz is fully financed with multiple work programs now under way • Market internals are strong for a continued cobalt rally. CUZ–TSXv BKTPF–USA A2DMG8–Germany 604.899.9150 | www.cruzcobaltcorp.com info@cruzcobaltcorp.com twitter@CruzCobalt North America's Most Active COBALT Exploration Company

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