Business
Go Cobalt Mining Data Compilation on Barachois Vanadium Project
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2019) - Go Cobalt Mining Corp. (CSE: GOCO) ("Go Cobalt" and/or the "Company") is pleased to update rega
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 24, 2019) - Go Cobalt Mining Corp. (CSE: GOCO) (\"Go Cobalt\" and/or the \"Company\") is pleased to update regarding a data compilation on the optioned Barachois Project (\"Property\") in Quebec, Canada. Go Cobalt reports the following: Highlights: Two types of mineralization identified on the Barachois claims Surface showings in Carboniferous sediments line up with Troisième Lac fault Plans for two-phase field program Context: Go Cobalt optioned the Barachois Property in the fall of 2018. The Company contracted the consulting firm Ronacher McKenzie Geoscience for a data compilation and literature review on the Barachois Property. The data compilation and literature review help Go Cobalt to identify cost-effective exploration techniques to target vanadium mineralization on the claim. Geology of the Barachois Project The Barachois Property is centered on a suite of carboniferous sedimentary rocks that are rich in organic material. The sedimentary rocks include conglomerate and sandstone shale in the north as well as limestone and mudstone in the south. The rocks underlying these sediments are cut by a regional fault. Sedimentary rock on the northern part of the claim is sub horizontal and therefore potentially open pitable with low strip ratio. The Barachois Property is considered an early stage and prospective exploration project. Sandstone-hosted V-U mineralization The first is unconformity related vanadium and uranium mineralization in sandstones shales. Unconformity related mineralization tends to be regional in scale. The primary vanadium minerals are oxides such as montroseite and paramontroseite. Vanadium concentrations in sandstone-hosted vanadium deposits around the world generally stand at 1 percent V2O5 or higher. These deposits tend to be high grade (>1% V2O5) up to 1 million MT of ore. Vanadium in oxide minerals is easier to process and extract versus vanadium in silicates minerals. Mississippi-Valley-Type (MVT) mineralization Lead-zinc mineralization of Mississippi-Valley-Type occurs in conglomerates. The mineralization may be in part structurally controlled by the Troisième Lac Fault. Whether the MVT and sandstone V-U mineralization always occurs together is unclear. As an example, MVT deposits generally range up to 20 million tonnes and have combined lead an...