First Cobalt extends mineralization at Iron Creek in Idaho

First Cobalt (TXSV: FCC; US-OTC: FTSSF) has extended copper-cobalt mineralization along strike at both its Waite zone and No Name zone, part of its Iron Creek cobalt project in Idaho.

The company is reporting four holes it drilled west of the project’s current resource in 2018. The holes extend the Waite zone, 120 metres west along strike, and the No Name zone, 60 metres west along strike. The company also traced mineralization an additional 150 metres below surface to a total depth of 300 metres. Mineralization remains open down dip and along strike to the west.

The company has also identified a continuous horizon of mineralization between the two zones that extends for 800 metres along strike.

Highlights from the drill program include 13.4 metres grading 0.01% cobalt and 2.22% copper from 149 metres downhole, including 3 metres at 4.01% copper in the No Name zone, as well as 1.9 metres grading 0.22% cobalt and 3.9% copper from 261 metres downhole, including 0.5 metres at 0.47% cobalt and 10.37% copper in the Between zone.

Based on a September 2018 maiden resource, Iron Creek contains 26.9 million inferred tonnes grading 0.08% cobalt and 0.3% copper for 46.2 million lb. cobalt and 176.2 million lb. copper.

Shares of First Cobalt are currently trading at 18¢ with a 52-week range of 14¢ to $1.24. The company has a $59 million market capitalization.


Be the first to comment on "First Cobalt extends mineralization at Iron Creek in Idaho"

Leave a comment

Your email address will not be published.


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.