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LiCo Energy Metals Announces the Commencement of its Phase 2 Diamond Drilling Programs for its Ontario Cobalt Properties
(via TheNewswire) October 1, 2018 / TheNewswire / Vancouver, British Columbia - LiCo...
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[{"type":"text","content":"LiCo Energy Metals Announces the Commencement of its Phase 2 Diamond Drilling Programs for its Ontario Cobalt Properties(via TheNewswire)\n \n \nOctober 1, 2018 / TheNewswire / Vancouver, British Columbia - LiCo Energy Metals Inc. (\"the Company\" or LiCo\") TSXV: LIC, OTCQB: WCTXF is pleased to announce the commencement of its proposed Phase 2 Diamond Drilling Programs for its Teledyne Cobalt & Glencore Bucke Properties located in Ontario Canada, as originally announced on April 4, 2018. The Properties are located in Bucke & Lorrain Townships, 6 km east-northeast of Cobalt, Ontario. The diamond drilling programs will be conducted as part of LiCo's flow thru financing and work commitments for the Glencore Bucke and Teledyne Cobalt Properties.\n\n \n \nAlongside the Phase 2 Diamond Drilling Programs, a surface exploration program will also commence on both Properties to define additional drill targets in what management believes are underexplored areas on the Glencore Bucke and Teledyne Cobalt Properties. \n\n \n \nPhase 2 Diamond Drilling Plan: Glencore Bucke Cobalt Property\n\n \n \nA two-phase diamond drilling program of up to 4,000 m (13,123 ft.) has been planned to continue to test the mineralization at the Northwest and Main zones, as well as testing additional targets that may be generated from the surface exploration program, with the intent of completing a NI 43-101 resource estimate upon the completion of the program.\n\n \n \nPhase 2 Diamond Drilling Plan: Teledyne Cobalt Property\n\n \n \nA two-phase drilling program of up to 1,500 m (4,921 ft.) has been planned to extend the known mineralization on the Main Zone, as well as testing additional targets that may be generated from the surface exploration program, also with the intent of completing a NI 43-101 resource estimate upon the completion of the program.\n\n \n \nThe proposed multi-phase diamond drilling programs follow up the successful completion of the Teledyne & Glencore Bucke Phase 1 diamond drilling programs completed during the fall of 2017. Here, a combined 32 diamond drill holes totaling over 4,100 m (13,451 ft.) of drilling was completed.\n\n \n \nQualified Person\n\n \n \nThe technical content of this news release has been reviewed and approved Joerg Kleinboeck, P.Geo., an independent consulting geologist and a qualified person as defined i...