Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) today announced results from its ongoing 2019 shallow drilling program at its flagship Cyclops, nickel/cobalt development project, Indonesia. The drilling is part of a multi-faceted exploration program focused to confirm historical results and guide a project development plan. According to the update, highly anomalous cobalt and nickel were encountered in shallow intersections across a continuous zone overlying the previously reported nickel saprolite mineralization. “The Company is very pleased with this latest round of drill results. The elevated cobalt values are of significant importance, considering the commodity’s recent price increase and the role it plays in the battery metals supply chain,” Pacific Rim President and CEO Ranjeet Sundher said in the news release. “Both our cobalt and nickel results continue to add to our optimism that the Cyclops project will create shareholder value.”
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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 www.PacificRimCobalt.com.
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