The company reckons the nature of the mineralization at the site, coupled with the continuity of assays across is "highly suggestive of a local source in close proximity".
Raven will be prioritized for drilling next season.
As for the assays, all 16 samples returned grades over 1% Co (cobalt) and a high of 5.88% cobalt, samples from the prospect returned consistent gold values of up to 1.8 g/t (grams per ton) gold, along with the highly anomalous lanthanum (averaging 2350 ppm (parts per milion).
The new prospect lies near the historically known Slippery Gluch prospect, where recent sampling uncovered a sample with 5.19% cobalt, 0.2% copper and 3.24 g/t (grams per ton) gold adjacent to a rock sample with 630 ppm (parts per million) cobalt, 1.82% copper and 0.35% gold.
International Cobalt added that the so-called Raven prospect was around 1500m along strike from drilling on high grade zones, which was completed by Noranda Exploration in the late 1970’s and early 1980’s.
That included the Idaho Zone where 1.85 Mt (million tons) of 0.58% Co (cobalt) and 2.29% Cu (copper) was delineated.