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Cobalt Power Group Reports New Outcrop with Veins on Proteus Property and Structural Analysis of Smith Cobalt East Outcrop
Cobalt Power Group Reports New Outcrop with Veins on Proteus Property and Structural Analy...
About this update from Power Group Projects Corp.
[{"type":"text","content":"\n\n\n\nCobalt Power Group Reports New Outcrop with Veins on Proteus Property and Structural Analysis of Smith Cobalt East Outcrop\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, Oct. 30, 2017\n\n\n\nTSX.V: CPO, Pink Sheets: CBBWF       \n\n\n\nVANCOUVER, Oct. 30, 2017 /CNW/ - Cobalt Power Group Inc. (the \"Company\") (TSX.V: CPO, OTC Pink: CBBWF) is pleased to announce that a new outcrop been found on the Proteus property in Cobalt, Ontario, and that an exploration plan has been approved. Work has already begun, including opening up trenches and pits, which resulted in the exposing of several veins. These veins have been sampled and assay results are pending.  Additionally, the Company has conducted a 2D seismic survey with the Mineral Exploration Research Centre (MERC) at Laurentian University in Sudbury.\n\n\n \n \n\n \n\"We are excited about the new outcrop and vein showings on our Proteus concession,\" comments Dr. Andreas Rompel, President & CEO. \"In order to increase opportunities to detect mineralization, we plan to continue opening up more strike length along these veins.\"\n\nThe Company also announces completion of a structural analysis of the Smith Cobalt East outcrop. A major fault that was detected by the aeromagnetic survey conducted last year has been opened. Details of the analysis are described below.\n\nSurface Sampling:Five samples collected from the Temiskaming Project shaft area (one from each side of the shaft and three from surface immediately adjacent to the shaft) have been submitted for analysis. The zones sampled are located in NW-trending Keewatin volcanics.  \n\nFour historic drill holes (1985 and 1986) appear to undercut this zone.  These holes were reported to intersect significant Au and Ag values (no Co assays were taken).  Hole 86-23 intersected 0.58m at 6.21 g/t Au (0.181 oz/T); hole 86-28 intersected 0.24m at 694 g/t Ag (20.24 oz/T); hole 85-16 intersected 0.25m at 679
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