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LiCo Energy Metals Inc. Announces its Proposed Exploration Programs for the Teledyne & Glencore Bucke Cobalt Properties
(via TheNewswire) April 4 th , 2018 / TheNewswire / Vancouver, British Columbia ...
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[{"type":"text","content":"LiCo Energy Metals Inc. Announces its Proposed Exploration Programs for the Teledyne & Glencore Bucke Cobalt Properties(via TheNewswire)\n\n \nApril 4th, 2018 / TheNewswire / Vancouver, British Columbia - LiCo Energy Metals Inc. (\"the Company\" or LiCo\") TSX-V: LIC, OTCQB: WCTXF announces its proposed Exploration Programs for both its Teledyne & Glencore Bucke Cobalt Properties located in Ontario Canada situated in Bucke & Lorraine Townships, 6 km east-northeast of Cobalt, Ontario. \n\n \n \nGlencore Bucke Cobalt Property\n\n \n \nA surface exploration work program including geological mapping and prospecting is recommended to further evaluate the geological potential of the Property. Management believes that potential remains on the Property for the discovery of parallel mineralized zones to that of the Northwest and Main zones. \n\n\n \nA two-phase drilling program of up to 4,000 m of diamond drilling program has been planned by LiCo to continue to test the mineralization along strike of the Northwest and Main zones along strike to the south, with the intent of completing a 43-101 compliant resource estimate upon its completion, as well as testing any other targets that may be generated from the surface mapping and prospecting programs. \n\n\n \nIn 1981, Teledyne Canada Ltd., completed 36 diamond drill holes totaling 10,903 ft (3323.3 m) on the Property, and delineated two mineralized zones, named the Main Zone and Northwest Zone, measuring 500 ft (152.4 m) and 200 ft (70.0 m) in length respectively (Bresee, 1982). Based on the surface drill program completed by Teledyne, historical reserves of 60,000 tons in the geologically inferred category, and 15,000 tons in the probable category, at an average grade of 0.45% Co, 3.0 oz/t Ag was estimated (Linn, 1983). The reserve estimate is a historical estimate as defined by National Instrument 43-101. The historical reserve estimate contains categories that are not consistent with current CIM definitions. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. No attempt was made to reconcile the historical reserve calculations as reported by Teledyne Tungsten. LiCo is not treating the historical reserve estimate as a current mineral resource or mineral reserve. \n\n\n \nTeledyne Cobalt Property\n\...