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Edison Cobalt Intersects 1.24% Cobalt over 0.35 Meters and 0.20% Cobalt over 4.65 Meters in Diamond Drilling at the Historic Edison Mine on the Kittson-Cobalt Project
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2018) - Edison Cobalt Corp (TSXV:...
About this update from Edison Lithium Corp.
[{"type":"text","content":"Edison Cobalt Intersects 1.24% Cobalt over 0.35 Meters and 0.20% Cobalt over 4.65 Meters in Diamond Drilling at the Historic Edison Mine on the Kittson-Cobalt ProjectVancouver, British Columbia--(Newsfile Corp. - October 23, 2018) - Edison Cobalt Corp (TSXV: EDDY) (\"Edison Cobalt\" or the \"Company\") is pleased to announce initial results from their summer diamond drilling program targeting the historic Edison Mine area of their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. A total of 2,620 metres (21 holes) have been completed during the summer program, results of which have been received for the first 12 holes. Highlights include hole KIT-18-010 which returned 0.20% Co over 4.65 meters, including 0.34% Co over 2.65 meters and hole KIT-18-012 which returned 0.27% Co over 2.65 metres including 1.24% Co over 0.35 meters and a separate intercept of 0.63% Co over 1.00 meters.The program successfully intersected the fracture zone that hosts the Edison Mine mineralization over a strike length of ~150 metres and to a maximum depth of ~175 meters. The fracture zone was much wider than was observed at surface, ranging from 7 to 30 metres wide (drilled core length) and hosting several 0.1 - 2.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture and vein controlled cobalt mineralization in the form of smaltite and erythrite (cobalt bloom) occurred throughout this zone with values as high as 1.24% Cobalt over 0.35 meters. A full list of significant intersections is provided in Table 1 below. A drill hole location map, an isometric view and cross section are shown here. (Click here to view Maps and Figures)Commenting on the latest results, Neil Pettigrew, President and CEO said: \"We're highly encouraged by this initial drill program on the historic Edison Mine. These results represent the first drilling ever conducted at the Edison Mine.\"Table 1. Diamond Drilling Highlights.Hole NumberFrom (Metres)To (Meters)Width (Meters)Co wt. %Au g/tAg g/tCu wt.%Ni wt. %ED-18-001No Significant ResultsED-18-002No Significant ResultsED 18-003No Significant ResultsED-18-004No Significant ResultsED-18-005No Significant ResultsED-18-006No Significant ResultsED-18-00742.1045.303.200.050.0050.30.0200.010And66.2067.381.180.060.0060.20.0020.005And86.5086.800.300.130.0090.30.0060...