further confirmation! VANCOUVER, British Columbia , Oct. 04, 2017 (GLOBE NEWSWIRE) -- US Cobalt Inc. (the "Company") (USCO.V) (26X1.F) (SCTFF) is pleased to announce analytical results from the first 13 surface core holes drilled during the 2017 exploration program at the Iron Creek cobalt project (the "Property") in Lemhi County, Idaho, USA. The Company has completed the first 24 of a planned 40 core drill holes comprising this surface core drilling campaign. The analytical results for cobalt of the first 13 core drill holes are presented in the table below - all holes encountered sulfide mineralization with significant cobalt.
Highlights (all widths are true thickness determined by 2017 drilling, underground mapping and sampling and analysis in 3-D Vulcan software):
- Drill hole IC17-08 encountered a zone grading 0.51% cobalt over a thickness of 32 feet, including a 12 foot thick zone grading 0.73% cobalt, which includes a 4.5 foot thick zone grading 1.08% cobalt.
- Drill hole IC17-08, with holes IC17-03, IC17-05 and IC17-06, defines cobalt mineralization up to 500 feet from surface.
- Drilled approximately 400 feet to the west of hole IC17-08, drill hole IC17-10 encountered a cobalt bearing zone 56 foot thick grading 0.31% cobalt, including a 26 foot thick zone grading 0.4% cobalt, which contains 6 feet grading 0.61% cobalt, and 11.5 feet grading 0.41% cobalt.
- Along with holes IC17-04 and IC17-07, drill hole IC17-10 contributes to the definition of a cobalt bearing zone which extends to a depth of 400 feet from surface.
Drill hole IC17-10 contains the most significant copper intercept among the 13 drill holes, encountering a 56 foot wide zone grading 0.91% copper and a 29 foot wide zone grading 1.37% copper. More copper is expected in the holes being drilled to the west.