Business
Go Cobalt Mining: Cobalt and Copper Mineralization Borders Magnetic Anomalies at Monster Bloom Target
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - Go Cobalt Mining Corp. (CSE: GOCO) ("Go Cobalt" and/or the "Company") is pleased to announce
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - Go Cobalt Mining Corp. (CSE: GOCO) (\"Go Cobalt\" and/or the \"Company\") is pleased to announce it has identified cobaltite in additional rock samples bordering magnetic anomalies on the Bloom Target on the 100% owned copper cobalt Monster Project (the \"Property\") in the Yukon, Canada. The Monster Property is a 6,300 Hectare IOCG-Cobalt property in the Yukon Territory north of Dawson City. Highlights: Visible cobaltite has been identified in additional rock samples from Bloom Target (see Figure 2) Surface cobalt and copper mineralization shows positive correlation with magnetic anomalies The center of the magnetic highs are high priority targets Multiple, additional, untested shallow magnetic anomalies remain in the Bloom Target Cobalt and copper mineralization appear to be hosted in certain sedimentary layers and can be projected into the subsurface Cobalt and copper mineralization on property occurs over large area Plans to advance the high priority Bloom Target include: Drill down-dip extensions of surface mineralization Test the relationship of surface mineralization to shallow magnetic anomalies Complete additional geochemical and geophysical surveys Further expand zones of copper and cobalt mineralization Figure 1. The Bloom Target overlain on a 1st vertical derivative magnetic map. Several magnetic highs are untested. The Bloom Target Historical work has yielded 14 surface showings of copper and cobalt. Of these, 5 surface showings occur on the Bloom Target. These surface showings include: The East Cu-Co Zone - strata-bound copper and cobalt mineralization in carbonates and grades up to 1.87% Co, 0.9 % Cu and 1 g/t Au. The 4900 Zone - occurs on the northwest edge of the Bloom Target area and includes up to 1.7% Cu, 1.47% Pb and 1.65% Zn, highlighting the polymetallic nature of the Monster deposit. The South Co Zone - occurs in shales and contains up to 2.8% Co, 1.7% Cu and 0.7 g/t Au. This zone has also been confirmed by Go Cobalt during the 2018 field work. Go Cobalt has not independently verified assays reported in this release and they are considered historic in nature. Additional assays from Go Cobalt's 2018 field program are pending. Rock samples Rock samples of the East Cu-Co zone and several other showings on the property are commonly erythrite,...