Business
Go Cobalt Mining Identifies Large Gravity Anomalies Associated with Magnetic Targets
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2019) - Go Cobalt Mining Corp. (CSE: GOCO) ("Go Cobalt" and/or the "Company") is pleased to announce com
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 3, 2019) - Go Cobalt Mining Corp. (CSE: GOCO) (\"Go Cobalt\" and/or the \"Company\") is pleased to announce completion of a gravity inversion on the Monster IOCG Project (\"Property\") in the Yukon, Canada, in the traditional territory of Tr'ondëk Hwëch'in First Nation (\"THFN\"). Highlights: Several large gravity highs have been identified and are locally associated with large magnetic highs and multi-element surface mineralization. The new Beast target consists of a large near-surface magnetic high and gravity high, indicative of buried IOCG mineralization. The large scale \"bullseye\" radiometric anomaly at the Arena target is also underlain and connected to a large gravity high. Go Cobalt has reprocessed 584 historical gravity stations and completed the first ever 3D gravity inversion on the Monster project using a newly acquired high-resolution digital elevation model. Based on the positive results, Go Cobalt is planning to enhance and expand the coverage of the gravity survey in the coming field season in order to determine the extent of the potential sub-surface mineralization. Figure 1. Regional gravity inversion showing several gravity highs. The data coverage will be increased during the coming field program on the top 3 targets: Arena, Bloom and Beast. Context: The Monster is a large copper cobalt IOCG property in the Yukon. The style of mineralization and geological context is similar to that of IOCG deposits in Southern Australia such as Oak Dam, Carrapateena, and Olympic Dam. As such, the south Australian IOCG deposit model is an important guide for exploration on the Monster. Gravity surveys have proven to be paramount targeting tools for IOCG deposits on Australia. The importance of detailed gravity surveys is apparent from a recent discovery in Australia. BHP reported 3.04% Cu over 425.7 m (not true width) in an IOCG prospect in Southern Australia. Their drill program was planned using recently acquired high-resolution gravity data (see Appendix 1 of the BHP news release) Gravity interpretation The gravity survey indicates a large gravity high in proximity to the Beast target. The Beast consists of a 1.5 km wide shallow magnetic anomaly surrounded by surface mineralization. These encouraging results have made the Beast a high-priority target for the summer pr...