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LiCo Energy Metals - Second Drill Rig Planned - Drilling Its Two Cobalt Properties (Teledyne and Glencore Bucke) Near Cobalt Ontario
(via TheNewswire) October 18, 2017 : Vancouver, British Columbia / TheNewswire / LiCo...
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[{"type":"text","content":"LiCo Energy Metals - Second Drill Rig Planned - Drilling Its Two Cobalt Properties (Teledyne and Glencore Bucke) Near Cobalt Ontario(via TheNewswire)\n\n \nOctober 18, 2017: Vancouver, British Columbia / TheNewswire / 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 completed a total of 10 holes for 775 metres testing the Main and Northwest zones on the Glencore Bucke property. Cobalt camp style mineralization has visually been noted in every drill hole that the Company has completed. The historical drilling program 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 \nThe Company is adding additional meterage to the diamond drilling programs than what was originally planned for the Glencore Bucke and Teledyne Properties. LiCo is expecting the drilling contractor to provide a second diamond drill rig later this week. The current drill rig will remain drilling on the Glencore Bucke property, while the second drill rig will be used to test the drill targets identified by management on the Teledyne property.\n\n\n \nTim Fernback, President & CEO of LiCo, states \"We are encouraged with the visual results that have been noted in the drill core to date. Based on the visual results, LiCo has decided to increase the overall planned drill program in the area. The samples from the initial drill holes have recently been sent to the laboratory for analysis and LiCo is anxiously waiting to receive the results.\"\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 current drilling program will be to confirm the results of historical drilling...