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Cobalt Power Group Announces Acquisition of Blueberry Lake Project in Cobalt Ontario Mining Camp
Cobalt Power Group Announces Acquisition of Blueberry Lake Project in Cobalt Ontario Minin...
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[{"type":"text","content":"\n\n\n\nCobalt Power Group Announces Acquisition of Blueberry Lake Project in Cobalt Ontario Mining Camp\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 9, 2018\n\n\n\nTSX.V: CPO, Pink Sheets: CBBWF\n\n\n\nTORONTO, July 9, 2018 /CNW/ - Cobalt Power Group Inc. (\"Cobalt Power\" or the \"Company\") (TSX.V: CPO, OTC Pink: CBBWF) is pleased to announce the acquisition of the Blueberry Lake group of claims in the Cassels Township of Ontario, Canada. The Blueberry Lake property consists of 46 claim units comprising approximately 800 hectares of highly prospective geology for cobalt, copper, and silver mineralization. The claims are contiguous with Cobalt Power's TriEast project \n\n\n \n \n\n \nHighlights\n\n\nThe Blueberry Lake property was originally staked to cover the source area of a cluster of 3 geochemically anomalous Co (+/- Pb & Zn & Cu) lake bottom sediments derived from a 2004 Ontario Geological Survey sampling program.\nThe geochemical signature of the anomalies differs from much of the Cobalt Ontario camp in that the anomalous cobalt is coupled with copper, lead, and zinc, in contrast with the typical Co-Ag-As signature of the historical mining camp. This is suggestive of sediment-hosted copper-cobalt mineralization.\nThe Company is fully funded for the 2018 exploration season and plans are underway for an aggressive exploration program on its new Blueberry Lake property.\n\nProject Details\n\nThe Blueberry Lake property is located approximately 9 km east of the town of Temagami and approximately 35 km south of the town of Cobalt, Ontario. The property is accessible by forestry roads, boat, and ATV.\n\nThe Blueberry Lake property lies within the Huronian Basin and is underlain entirely by gently eastward dipping sedimentary rocks belonging to the Lorrain Formation, consisting of weakly deformed quartzites and feldspathic quartzites.\n\nLake sediment samples taken by the Ontario Geological Survey in 2004 returned assay values as high as 68 ppm Co. The metal suite of the lake anomalies is atypical of the Co-Ag-As signatu...