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LiCo Energy Metals Begins Drilling Its Two Cobalt Properties (Teledyne and Glencore Bucke) Near Cobalt Ontario
(via TheNewswire) S eptember 26, 2017 / The Newswire / Vancouver, British Columbia; -...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"LiCo Energy Metals Begins Drilling Its Two Cobalt Properties (Teledyne and Glencore Bucke) Near Cobalt Ontario(via TheNewswire)\n\n \nSeptember 26, 2017 / The Newswire / Vancouver, British Columbia; - LiCo Energy Metals Inc. (\"the Company\" or \"LiCo\") TSX-V: LIC; OTCQB: WCTXF is pleased to announce the commencement of its Phase 1 diamond drilling program on both 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. The drill program has commenced and the Company expects to drill upwards to a combined 3,500 m on the Glencore Bucke and Teledyne Properties. The drilling is being conducted by an experienced diamond drill contractor, Chenier Drilling Services Ltd.\n\n\n \nThe Teledyne and Glencore Bucke Properties are managed by Joerg Kleinboeck, P.Geo. (LiCo's QP), and supervised by Mr. Dwayne Melrose, Director and Head of the Technical Advisory Board of LiCo. \"The goal of this drilling program will be to confirm the results of historical drilling on the properties and to further expand the resource potential up and down dip and along strike. Drilling will commence on the Glencore Bucke Property for the initial 1,200 m of the drill program. While we await assays, we will shift the drilling over to Teledyne to complete five or six holes totaling 1,000 m\" states Mr. Melrose. \n\n\n \nHistorically, Teledyne Canada Ltd. completed 36 diamond drill holes totaling 3,323.3 m on the Glencore Bucke Property, and a combined 28 surface and underground diamond drill holes totaling 3,160.8 m on the Teledyne Property.\n\n\n \nDiamond drilling completed by Teledyne Canada Ltd. on the Glencore Bucke Property delineated two zones of mineralization measuring approximately 150 m and 70 m in length. The most significant results include 2.12% Co over 1.01 m in diamond drill hole T-18, 0.62% Co over 2.74 m in diamond drill hole T-23, 0.66% Co over 0.73 m, 1.68% Co over 0.46 m in diamond drill hole T-30, and 0.36% Co, 41 oz/t Ag over 0.58 m in diamond drill hole T-37 (Bresee, 1982). The historical reported intersections represent core lengths, and not true widths. \n\n\n \nBased on the surface diamond drill program completed in 1981 by Teledyne Canada Ltd, a historical resource of 75,000 tons at an average grade of 0.45% Co, 3....