Canadian Mining Journal

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COBALT: First Cobalt outlines $7M exploration program for 2018



The land package assembled by First Cobalt in the Cobalt Camp. (Image: First Cobalt)

ONTARIO – First Cobalt of Toronto has set aside $7 million for its 2018 exploration program on its Cobalt Camp properties in Northern Ontario. Thirteen targets – 10 of which are near historic mines – will receive 26,000 metres of drilling. Targets in different styles of mineralization and in diverse geological settings will be tested.

The company is also planning geophysical surveys including down-hole and ground work. Televiewer surveys and soil geochemistry will be used to refine some targets. Regional mapping and prospecting will be applied to some of the many under-explored Central Cobalt area. A century’s worth of data is being digitized and modeled in 3D to facilitate new structural interpretations for follow-up drilling this year.

A new NI 43-101 technical report is being compiled on the consolidated land package including recently acquired claims and results from the 2017 drill program. First Cobalt expects the report will be finished during Q1 2018.

More information is available at www.FirstCobalt.com.