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Power Group Projects Corp V.PGP

Alternate Symbol(s):  PGPGF

Power Group Projects Corp is a Canada-based exploration stage company. The Company’s principal business activity is the acquisition and exploration of resource properties. It has not yet determined whether these properties contain economically recoverable ore reserves. Its properties include Atlin West, IceFall, and Rizz. The Atlin West Property is located approximately 14 kilometers (km) west-northwest of Atlin, British Columbia, northwest of Tagish Lake and covers an area of 3,125 hectares (ha). The Atlin West project is underlain by undivided sedimentary and volcanic rocks of the Cache Creek complex. The Icefall Property is located approximately 20 km north of Tulsequah, British Columbia, covering 8,704 ha. The Icefall Project is underlain by Stuhini and Labarge Group volcanic and sedimentary rocks, overlain by Sloko Group volcanic rocks. The Rizz Property is located approximately 20 km northwest along the trend of New Polaris/Tulsequah Chief, British Columbia, covering 5,415 ha.


TSXV:PGP - Post by User

Bullboard Posts
Post by wanttoretireearlyon May 30, 2018 12:06pm
106 Views
Post# 28099590

CPO in the news FYI

CPO in the news FYI

 

FP says First Cobalt, rivals enlivening Cobalt, Ont.

 

2018-05-28 08:47 ET - In the News

See In the News (C-FCC) First Cobalt Corp

The Financial Post reports in its Saturday, May 26, edition that Cobalt, Ont., experienced a historic and prolific silver rush at the turn of the last century, but it petered out at the end of the 1980s. The Post's Gabriel Friedman writes that last year, in a welcome turn of events, prospectors started flocking to the area. Now, properties are changing hands at a pace not seen in years, and executives from junior mining companies have been rooting around old mine sites and raising tens of millions of dollars in the belief they can build a world-class cobalt mine in Cobalt. The metal, which blooms pink in reaction with oxygen, is clearly visible in the hills and rocks around town. However, it can take years to discover a deposit, secure financing to build a mine and then actually start extracting ores. With exploration just beginning, the town has a thin window of time to capitalize on high cobalt prices, which could crumble if the electric vehicle market tanks. Roskill analyst Jack Bedder, who studies the cobalt market, says, "In 10 years time, we may not even be focusing on lithium ion anymore." For now, however, he says, "Cobalt is in the mix for the next decade or so according to our forecasts."

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