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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.


TSXV:ELBM - Post by User

Post by niceindyon Aug 09, 2017 7:57am
104 Views
Post# 26559749

First Cobalt Commences Drilling at Keeley-Frontier

First Cobalt Commences Drilling at Keeley-Frontier

TORONTO, ONTARIO--(Marketwired - Aug 9, 2017) - First Cobalt Corp. (TSX VENTURE:FCC)(OTCQB:FTSSF) (the "Company") is pleased to announce it has commenced drilling at the former producing Keeley-Frontier Mine, near Cobalt, Ontario. A total of 7,000 metres are planned at Keeley-Frontier as well as some nearby targets on the adjoining exploration claims.

Highlights

  • Initial drill program of 7,000m based on a 3D geological model compiled from historic information and detailed field mapping conducted over the past three months
  • Drill targets over a two kilometre strike length, including the Haileybury and the Bellellen systems, testing known cobalt-rich areas of the Keeley-Frontier vein system that were not historically mined
  • Drillholes range from 30 to 300 metre depths to establish variable vein orientations and determine the Co-Ni-Ag grades in the host rocks to the calcite veins
  • Multi-element geochemical analyses including Co-Ag-Ni-Bi-Cu will be done, adding to the existing data to determine rock alteration trends which may point to new prospective areas
  • Borehole geophysics will be conducted on select drillholes to identify potential extensions to any mineralizations intersected.

Trent Mell, President & Chief Executive Officer, commented:

"I am delighted by the hard work and dedication of the exploration team to reach this point. After extensive data compilation and analysis, we have commenced drilling at our flagship property. Through our acquisitions over the past few months, we now find ourselves with a target-rich environment, evidenced in the number of historic silver mining operations in the Cobalt Ontario camp that have never been assessed for their cobalt potential. Our proposed mergers with Cobalt One Limited and CobalTech Mining are progressing well and on completion First Cobalt will be the largest cobalt exploration company in the world. Controlling over 10,000 hectares of property and covering almost half of the prospective land in the camp, we look forward to announcing additional exploration targets once this consolidation is completed."


Read more at https://www.stockhouse.com/news/press-releases/2017/08/09/first-cobalt-commences-drilling-at-keeley-frontier#YFOZAUxZeF4iH0Ou.99
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