Cobalt in OntarioCobalt is getting to be a hot industrial metal as demand driven by battery makers for EV is starting to push up the price. I see in our technical report we identify certain areas of the Pardo property as being possible deposits of the metal. At one point previous owners back in the 90's we're all set to begin to prove that, but then the price of the metal faltered. There are properties in the Gowganda area like Castle Silver that have proven deposits, which by the way are enjoying a nice ride, that as the crow flies are not to far from our eastern property boarder. Maybe that's why we brought in a new science guy.
COBALT GROUP
GOWGANDA
The Gowganda is the youngest Huronian formation on the Property. It consists of glacial marine
deposits such as argillite, siliceous sandstone, and diamictites. The diamictite is mainly composed of
boulder to pebble sized drop stones in a fine-grained dark argillaceous matrix. The drop stones are
dominantly granite. This formation truncates the lower Huronian sequences in the northern portion of
the Property.
This discription is from the Inventus Technical Report avail on our webpage.