Cobalt Power Group Announces Commencement of Drilling

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[{"type":"text","content":"\n\n\n\nCobalt Power Group Announces Commencement of Drilling\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\nVANCOUVER, May 23, 2017\n\n\n\nTSX.V: CPO, Pink Sheets: CBBWF\n\n\n\nVANCOUVER, May 23, 2017 /CNW/ - Cobalt Power Group Inc. (the \"Company\") (TSX.V: CPO, OTC Pink: CBBWF) is pleased to announce that the Phase 1 drilling program on its Smith Cobalt property is underway. With access roads and drill pad construction ongoing, and the rig and associated equipment delivered, the contractor, G4 Drilling, has begun the campaign.\n\n\n \n \n\n \nThe objectives of the approximately 1800-metre (5900 ft.) drill program are to:\n\n\nExpand the Company's knowledge of the geological setting of known veins that extend from the nearby Deer Horn Mine onto the Smith Cobalt property.\nExtend the strike length of those veins from the historic Smith Cobalt underground workings toward the southeast.\nConfirm the values received from muck pile sampling (see news release dated January 9, 2017).\nMake initial determinations of grade and thickness of the cobalt- and silver-bearing veins.\n\n\"We are very happy see that our diamond drilling program is moving ahead on schedule as promised,\" comments Dr. Andreas Rompel, President and CEO. \"As the first company to launch its drill program this year for the cobalt and silver-bearing veins after a long winter, we are looking forward to seeing the first drill core in our core shack.\"\n\nAlso, Cobalt Power announces receipt of the final report on the OreVision Time Domain Resistivity/Induced Polarization survey, carried out earlier this year by Abitibi Geophysics.  These results have been used by the Company to fine tune drill targets.\n\nAbout the Smith Cobalt Project\n\nThe Smith Cobalt project is underlain by a sequence of Archaean volcanics which are unconformably overlain by Huronian sediments. These formations have been intruded by the Proterozoic-age Nipissing diabase sill. Faulting, on both a regional and local scale, has been found by surface mapping and in drill cores. Polymetallic veining, and especiall...

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