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Cobalt Power Group to Acquire Significant Cobalt Assets in the Cobalt Mining Camp, Ontario
Cobalt Power Group to Acquire Significant Cobalt Assets in the Cobalt Mining Camp, Ontario...
About this update from Power Group Projects Corp.
[{"type":"text","content":"\n\n\n\nCobalt Power Group to Acquire Significant Cobalt Assets in the Cobalt Mining Camp, Ontario\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, Feb. 13, 2018\n\n\n\nTSX.V: CPO, Pink Sheets: CBBWF                                                                           \n\n\n\nVANCOUVER, Feb. 13, 2018 /CNW/ - Cobalt Power Group Inc. (the \"Company\") (TSX.V: CPO, OTC Pink: CBBWF) is pleased to announce signing a share purchase agreement to acquire Ontario Cobalt Property Developers Inc. (\"Ontario Cobalt\" or the \"Vendors\") - a privately held mineral exploration company which holds 14 strategically located mineral claims (184 units) (the \"Properties\") in the Gillies Limit Township, Ontario. The Properties encompass approximately 2,944 ha (7,275 acres) of prospective mineral lands in the Cobalt Camp.\n\n\n \n \n\n \nHighlights\n\n\nCobalt Power will become one of the largest landowners in the Cobalt and Silver Center camps of Ontario, holding over 11,680 ha (28,862 acres). \nOntario Cobalt claims are contiguous with both Cobalt Power Group and First Cobalt Corporation assets and are located within the \"fairway\" of the Cobalt Camp. \nGeological setting of the Properties exhibits all of the critical features for Co-Ag mineralization in the region (diabase dyke, Coleman member sediments, major regional faulting). \nThe Company is fully funded for this calendar year and plans are underway for an aggressive 2018 exploration program.\n\n\"Our company continues to accumulate valuable assets within the prolific Cobalt Camp,\" comments Dr. Andreas Rompel, President & CEO. \"Our aim is to become the most important player in the region. Acquisition and intelligen...