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Cobalt Power Group Announces Acquisition of Little Trout Project in Cobalt Ontario Mining Camp.
Cobalt Power Group Announces Acquisition of Little Trout Project in Cobalt Ontario Mining ...
About this update from Power Group Projects Corp.
[{"type":"text","content":"\n\n\n\nCobalt Power Group Announces Acquisition of Little Trout 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 5, 2018\n\n\n\nTSXV CPO, Pink Sheets CBBWF\n\n\n\nTORONTO, July 5, 2018 /CNW/ - Cobalt Power Group Inc. (\"Cobalt Power\" or the \"Company\") (TSXV CPO, OTC Pink CBBWF) is pleased to announce the acquisition of the Little Trout group of claims in the South Lorraine Township of Ontario, Canada. The Little Trout property consists of 46 claim units comprising approximately 776 hectares of highly prospective geology for cobalt and copper mineralization. The claims are contiguous with Cobalt Power's Canadian Cobalt project. \n\n\n \n \n\n \nHighlights:\n\n\nThe Little Trout property was originally staked to cover the source area of a cluster of 3 significant cobalt and copper lake sediment anomalies 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, 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 Little Trout property.\n\nProject Details:\n\nThe Little Trout property is located approximately 2.5 km southwest of the historic town of Silver Centre and approximately 27 km south of the town of Cobalt, Ontario. The property is accessible by forestry roads followed by 2 km of ATV trails.\n\nThe Little Trout property lies within the Huronian Basin and is almost entirely underlain by gently dipping sedimentary rocks belonging to the Lorrain Formation, consisting of quartzites, feldspathic quartzites, and arkose. A Nipissing gabbroic intrusion crosses the NW corner of the property.\n\nLake sediment samples taken by the Ontario Geological Survey in 2004 returned assay values as high as 123 ppm Co and 308 ppm Cu. The met...