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Go Cobalt Mining Samples 2.96% Cobalt and Extends Copper, Cobalt, Gold and Silver Showings
Vancouver, British Columbia--(Newsfile Corp. - November 6, 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 6, 2018) - Go Cobalt Mining Corp. (CSE: GOCO) (\"Go Cobalt\" and/or the \"Company\") is pleased to announce rock sample assay results from the Arena area on the 100% owned copper cobalt Monster Project (the \"Property\") in the Yukon, Canada. The Monster Property is a 6,350 Hectare IOCG-Cobalt property in the Yukon Territory north of Dawson City. Additional assays are pending. Go Cobalt's 2018 program has been successful in expanding pre-existing zones of mineralization and identifying significant values of cobalt, copper, gold, and silver. Together with the geological mapping, geophysical and remote sensing surveys, the highest priority drilling targets are being identified. Geochemical confirmation of several targets within the 1,200-hectare Arena area included 31 grab samples highlighted below. Highlights from the Arena Area: Cobalt grades average 0.1%, up to 2.96% Co Copper grades average 0.59%, up to 3.81% Cu Silver grades average 4.95 g/t, up to 53.52 g/t Ag Gold grades average 0.03 g/t up to 0.49 g/t Au The Cobalt Cirque showing has been extended from 200 metres to a total of 450 metres Large bullseye target indicates mineralization within Arena area may be connected Multiple high priority drilling targets Figure 1. Left, Sample J35, a dolostone with erythrite staining. This sample yielded 2.96% Co. Right, Malachite staining in the Mark's Hi-Grade showing. The Arena The Arena is host to large geophysical, spectral, and radiometric anomalies that helped guide the initial phase of exploration and identified many targets that remain untested. The Arena is defined by a 4-km \"bullseye\" radiometric target showing elevated potassium and thorium, bounded by elevated potassium and uranium indicating large mineralized system and alteration footprint. Several positive magnetic anomalies also occur within the Arena and are locally associated with surface mineralization. The initial geochemical results from the Arena area targeted and expanded zones of mineralization proving they are larger than previously indicated. Seven showings of cobalt, copper, gold and silver occur in various outcrops starting from tens and ranging to hundreds of metres. Rock samples of surface mineralisation in the Arena are commonly azurite and/or malachite stained. The principal copper bearing minera...