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Declan Acquires Copper Cobalt Project in European Electric Vehicle Hub
VANCOUVER, British Columbia, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Declan Cobalt Inc. ("Declan" or the "Company") (CSE: LAN) (FSE: DCR1) announces that, further to
About this update from Quest Critical Metals Inc
[{"type":"text","content":"VANCOUVER, British Columbia, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Declan Cobalt Inc. (\"Declan\" or the \"Company\") (CSE: LAN) (FSE: DCR1) announces that, further to its press release dated July 6, 2018, it has completed the acquisitions of both Tisová Pty Ltd. (\"Tisova\") and TGER Pty Ltd. (\"TGER\"), owners of certain mineral concessions located in the Czech Republic and Germany (the \"Properties\"). The Properties are comprised of two concessions and four concessions application parcels comprising 15,929 ha in both Germany and the Czech Republic. The concessions are less than 150km from several electric vehicle battery plants, including BMW’s principal supplier’s planned factory at Erfurt. Declan is currently conducting a comprehensive program of geological mapping, deep geophysical surveying, and 3D modeling with a view to identifying drill targets and commencing drilling as soon as feasible. Further details of the program results will be released upon receipt, expected prior to the end of October. The 2018 Tisová exploration program has been designed and supervised by Paul McGuigan, P. Geo., of Cambria Geosciences Inc. and includes: the completion of a deep, 3D Induced Polarization survey over the entire Tisová concession by Dias Geophysical of Toronto; the assembly of all historic mine drawings and diamond drilling data into a common 3D geo-referenced database; a planned detailed ground magnetic survey with detailed GPS locations to integrate with the IP and also provide an accurate digital elevation model for 3D modeling and drill targeting; re-interpretation of structural data from an extensive, multi-year underground mapping project conducted by Charles University, Prague wherein Levels 2 through 6 were mapped prior to the Tisová mine closure in 1994; and new geological and structural mapping to compliment and verify the historic data and provide the geological controls and 3D modeling for drill targeting. Preliminary results point to a successful return of electrical responses from the deepest levels of the Tisová mine at depths greater than 600m below surface. Detailed 3D inversions of the IP data are underway and will incorporate the detailed magnetic data, when obtained in early November. Otto Janout, an experienced Czech-Canadian explorationist, has expedited all Czech logistics and has also acted as the...