ONTARIO – Toronto-based First Cobalt Corp. is preparing for closer inspection of its Greater Cobalt project near the historic town of the same name. The company has filed a recent 43-101 report outlining property details and its plans, although no new resource estimate is available.
The company holds 100% of several mining leases and claims plus an option to earn a 100% interest in the former Keeley-Frontier mine. The mine was active between 1908 and 1965 during which time it produced 19.1 million oz. of silver and 3.3 million lb. of cobalt. First Cobalt is making Keeley-Frontier a primary exploration target since it had the best cobalt-to-silver ratio of all the nearby historic mines.
First Cobalt’s 2017 exploration plans for Keeley-Frontier include the generation of a 3D geological model using 50 years of historic data. Structural mapping of mineralized veins and host rocks is to be done. Systematic surface sampling and a detailed magnetic survey will be done on the property. A borehole geophysics and video imaging of drill holes from the 2012 campaign is planned for the Beaver Lake Fault west of the former mine.
The 3D model will be used to target 5,000 metres of diamond drilling within the footprint of the Keeley-Frontier mine and another 2,000 metres of regional drilling will be done.
Further information about the Greater Cobalt project is available at www.FirstCobalt.com.