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LiCo Energy Metals to Drill Ontario Cobalt Teledyne and Glencore Bucke Properties
(via TheNewswire) September 12, 2017 / TheNewswire / Vancouver, British Columbia; - Li...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"LiCo Energy Metals to Drill Ontario Cobalt Teledyne and Glencore Bucke Properties(via TheNewswire)\n\n \nSeptember 12, 2017 / TheNewswire / Vancouver, British Columbia; - LiCo Energy Metals Inc. (\"the Company\" or \"LiCo\") TSX-V: LIC; OTCQB: WCTXF is pleased to announce that it is planning to start a Phase 1 diamond drilling on its Teledyne and Glencore Bucke cobalt properties situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. A minimum 1,500 m diamond drill program is planned to commence approximately on September 21st, 2017, by a reputable diamond drill contractor. \n\n\n \nIn 1981, Teledyne Canada Ltd. leased the Glencore Bucke Property from Falconbridge Nickel Mines Ltd. as they recognized the exploration potential that the Property had due the possible southern extension of the #3 vein located on the Cobalt Contact Property to the north. In the same year, Teledyne completed 36 diamond drill holes totaling 3,323.3 m, and delineated two zones of mineralization measure 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 \nInitially, on the Glencore Bucke Property, the first few holes of the program will be oriented to confirm results from historical drilling completed by Teledyne Canada Ltd., and then followed by step out drill holes to expand the mineralized zones. \n\n\n \nDrilling is also planned for the adjacent Teledyne Cobalt Property where historical drilling also encountered two zones of cobalt/silver mineralization extending from the boundary of mined zones at the Agaunico Mine in a north-south direction. Historically, the Agaunico Mine produced 4,350,000 lbs. of cobalt and 980,000 oz. of silver during the mining boom of the early 1900's (Cunningham-Dunlop, 1979). In 1979, Teledyne completed 6 diamond drill holes totaling 1,281.1 m. In 1980, Teledyne completed a 700 m long production decline to reach the mineralization encountered in their recently completed surface diamond drill program. A total of 22 underground diamond drill holes totaling ...