Project Highlights
- Acquired in April 2017
- Initial acquisition of 672ha less than 10km SSW of the Historic Silver Mining Camp of the Cobalt Township in Ontario, Canada
- Proposed expansion of project through acquisition of 11 contiguous mineral claims to increase the Company’s landholding at Bay Lake four-fold to 2,744ha within a highly prospective Ag-Co rich geological domain
- 5km NNW of Equator Resources Limited’s (ASX: EQU) Cobalt Camp Project
- Historical mine shafts have exposed cobalt rich cobaltite veins assaying 15.36%, 15.29%, 14.31% and 15.27% Co
- Initial exploration plans include:
- A comprehensive ground mapping, mechanised trenching, sampling and drill target identification program – to commence during June 2017
- An Airborne EM survey over the key project area – to commence during July and August 2017
- An IP survey
- Drilling program targeted for Q3-2017 following detailed first phase data analysis
Target Geology
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