NetworkNewsBreaks – Pacific Rim Cobalt Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) Begins Phase Two Drilling at Cyclops Nickel-Cobalt Project; Completes Debt Settlement

June 6, 2019 08:44:45

Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE), a Canada-based exploration company, this morning announced the beginning of phase two drilling at its flagship Cyclops nickel-cobalt development project in Indonesia. The drilling is part of a complex exploration program intended to verify historical results and produce a resource estimate in late 2019. In addition to historically identified and drill-tested areas, Pacific Rim Cobalt’s efforts will also focus on previously undrilled prospects. The company’s goal for the second half of 2019 is to complete up to 50 additional drill holes and then establish a maiden compliant resource on the project. In addition, Pacific Rim Cobalt also announced the completion of a debt settlement with three creditors which will result in a total of $180,000.00 of indebtedness being retired in consideration for the issuance of 600,000 common shares at a price of $0.30 per common share. “With the commencement of our phase two program guided by historical data, we are optimistic about the unique possibility of developing this project into an asset that will add shareholder value and position the company to play a future role in the battery metals supply chain,” Pacific Rim Cobalt CEO Ranjeet Sundher stated in the news release. “We expect the near-surface nature of cobalt/nickel mineralization at the Cyclops project will lend itself well to low-cost, logistically straightforward drilling.”

To view the full press release, visit

About Pacific Rim Cobalt Corp.

Pacific Rim Cobalt is a Canadian‐based exploration company focused on the acquisition and development of production grade nickel and cobalt deposits, key raw material inputs for the growing lithium‐ion battery industry. For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company’s newsroom at

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office