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Fuse Cobalt to Conduct a Detailed Scoping Study for the Dewatering and Rehabilitation of the Teledyne Ramp
(via TheNewswire) Vancouver, BC - TheNewswire - May 21, 2020 - Fuse Cobalt Inc. ("...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"Fuse Cobalt to Conduct a Detailed Scoping Study for the Dewatering and Rehabilitation of the Teledyne Ramp(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - May 21, 2020 - Fuse Cobalt Inc. (\"the Company\" or \"Fuse\") (TSXV:FUSE) (OTC:WCTX) (FRA:43W2) is pleased to announce that it has begun the process to appoint one of Canada's largest mining contracting firms to conduct a detailed scoping study for the rehabilitation and dewatering of the ramp on the Company's Teledyne property. The selected firm will be an experienced and established Ontario-based engineering firm. Potential candidates have assisted many mining exploration companies with similar technical work in the past.\n\n \n \nRobert Setter, Fuse President & CEO comments \"Fuse is going to select the best available engineering firms to assist us in the evaluation of the dewatering and rehabilitation of our Teledyne Ramp asset. As previously noted, in today's dollars it would cost approximately CAD$25 million to recreate the Teledyne ramp. For this reason, the Company considers this one of its highest prized assets on the Teledyne property. Once rehabilitated, we will be in a position to complete a bulk sample and further drill the Teledyne high-grade cobalt deposit from underground using visual cues to guide our work. This, along with our past and potential future drilling efforts, will be an important factor in determining the overall cobalt resource value on our Ontario Cobalt Properties. In 2017, we originally engaged several engineering groups to provide an estimated budget for this work which we now plan to update. It was the logical choice to go back to these same groups for assistance given our history and current needs.\"\n\n \n \nThe work methodology for the Teledyne Ramp dewatering and rehabilitation project is fairly straight forward with the first step involving the overall site setup and installation of the necessary buildings and trailers needed to complete the work. During this set up period, the necessary underground equipment will be brought on site, including related materials and consumable supplies. Also, during the construction phase an experienced subcontractor will be brought in to construct the settling pond and both the ore and waste pads. \n\n \n \nOnce the surface work has been completed the rehabilitation and dewatering of the existi...