Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning announced the filing of an independent NI 43-101 technical report evaluating its Greater Cobalt Project located near Cobalt, Ontario. Per the update, this report encompasses all of the Cobalt Camp properties resulting from the company’s 2017 merger with Cobalt One and CobalTech. The technical report, titled ‘NI 43-101 Technical Report for the Cobalt Project’, notes that the Cobalt Project is located in a favorable exploration area with a high concentration of cobalt and silver occurrences. As such, the report recommends a $4.5 million budget and exploration program for 2018, consistent with First Cobalt’s 2018 program. “The report is a strong endorsement of the quality of First Cobalt’s Canadian assets and supports our position that the Cobalt Camp has the potential to host new cobalt discoveries amenable to bulk mining,” Trent Mell, president and CEO of First Cobalt, stated in the news release.
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About First Cobalt Corp.
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities. For more information, visit www.FirstCobalt.com
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