Business
Drilling Update - Ontario Cobalt Exploration Program On LiCo's Glencore And Teledyne Properties
(via TheNewswire) November 15th, 2017 / TheNewswire / Vancouver, British Columbia; - ...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"Drilling Update - Ontario Cobalt Exploration Program On LiCo's Glencore And Teledyne Properties(via TheNewswire)\n\n \nNovember 15th, 2017 / TheNewswire / Vancouver, British Columbia; - LiCo Energy Metals Inc. (\"the Company\" or \"LiCo\") TSX-V: LIC, OTCQB: WCTXF is pleased to update its shareholders on the current diamond drilling program for its Teledyne and Glencore Bucke Cobalt Properties situated in Bucke and Lorrain Townships, 6 km east-northeast of Cobalt, Ontario, as originally announced on September 12th, 2017.\n\n\n \nThe Company has recently completed drilling 27 diamond drill holes for a combined depth of approximately 3,106 meters on its two cobalt mineral exploration properties in Ontario. The current drill program is designed to confirm and extend the existing known mineralization and to provide the company with sufficient drill hole information to create a geological model and a 43-101 complaint resource estimate.\n\n\n \nOn the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. Visual cobalt camp style mineralization has been noted in every drill hole that the Company has logged to date. The drill program has been completed as planned, and the drill rig was demobilized earlier in the week. Historical drilling completed on the Glencore Bucke Property outlined two separate vein systems hosting significant cobalt and silver values. The Main Zone, currently is 152 m in length, and the Northwest Zone, measuring 70 m in length. The Main Zone had a north-south strike, which is hypothesized as the southern extension of the #3 vein from the Cobalt Contact Mine located immediately to the north of the Property (Bresee, 1982). \n\n\n \nOn the Company's adjoining Teledyne Property, a total of 1,206 m has been completed in 6 diamond drill holes. Drilling has intersected Cobalt camp style mineralization in each drill hole that has been logged to date. Diamond drilling is expected to continue testing targets identified by management throughout the month of November and early December.\n\n\n \n \"We are exceptionally pleased with the exploration program to date\", says Tim Fernback, President & CEO of LiCo and \"we look forward to the assay results that will be released over the next 30-45 days\".\n\n\n \nThe results for the first five...