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International Cobalt advances Blackbird Creek project to drill-ready

The company has now identified four distinct prospects for follow up

International Cobalt Corp is on the hunt for the commodity in Idaho

International Cobalt Corp (CNSX:CO) said it had advanced its Blackbird Creek project in  Idaho to drill-ready status as it has received and compiled all sampling results from the summer program.

Crews completed a systematic program, which resulted in 2015 soil samples and 293 rock chip samples, it said.

The company has now identified four distinct prospects for follow up, it added.

"We are very pleased to be able to advance the Blackbird Creek Project to drill-ready status, with so many quality targets for our 2019 field season," said Tim Johnson, the chief executive of International Cobalt.

"These results, combined with other news releases from the Idaho Cobalt Belt, including the recent press release by First Cobalt, our neighbours 20km to the south, reinforces the world-class nature of the belt."

The prospects are the Raven prospect, which has returned 16 samples with grades over 1% cobalt and a high of 5.88%.

At the Ludwig zone, there was a continuous 9.0-metre channel sample, which returned an average of 0.27% Co including 4 metres of 0.53% Cobalt.

At Copper Hill, soil sampling has defined a large 1200 metre by 800-metre copper anomaly averaging 400 ppm (parts per million) copper from 125 samples.

Shares in Toronto are unchanged at $0.075.

Quick facts: International Cobalt Corp

Price: 0.01 CAD

Market: CSE
Market Cap: $1.87 m


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International Cobalt reports encouraging assays from Raven prospect

Tim Johnson, president of International Cobalt Corp (CNSX:CO),  discusses with Proactive's Andrew Scott ''encouraging'' grab sample assays from their recently discovered Raven prospect at the Blackbird Creek project in Idaho, USA. The company reckons the nature of the mineralization...

on 27/9/18

2 min read