- New report intercepts additional mineralization at First Cobalt’s flagship project in western United States
- Company has established inferred resource estimate and is working to quickly produce an updated resource statement while doubling strike length
- First Cobalt has also begun testing material at the only permitted cobalt refinery in North America capable of delivering a battery-grade product
The prospects of pure play cobalt explorer First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) as it develops a site in the western United States are continuing to materialize, with drilling extending the mineral zonation beyond limits that were previously known at its flagship project. The company also continues to work on restarting a cobalt refinery in eastern Canada that is the only currently permitted cobalt refinery in North America capable of producing materials for the computer industry’s lithium-ion batteries.
First Cobalt previously identified two primary areas of mineral potential at its Iron Creek Cobalt Project in Idaho, noted as the Waite and No Name zones, with inferred mineral resources of 26.9 million metric tons grading 0.11 percent cobalt equivalent. The zones comprised more than…
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