Business
Go Cobalt Radiometric Survey Highlights Existing Cobalt Zones and New Targets on Monster Property
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2018) - Go Cobalt Mining Corp. (CSE: GOCO) ("Go Cobalt" and/or the "Company") is pleased to provide a
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 25, 2018) - Go Cobalt Mining Corp. (CSE: GOCO) (\"Go Cobalt\" and/or the \"Company\") is pleased to provide an update regarding the analysis of its radiometric survey on the 100% owned Copper Cobalt Monster Project (\"Property\") in the Yukon, Canada. Highlights from the Survey: A new large high-priority \"bullseye\" target area has been highlighted by the radiometric survey, now named the 'Arena' (see Figure 1) Several existing showings of copper and cobalt (up to 1.34% cobalt and 44.8% copper) occur in the newly named Arena area which are now interpreted to be part of the larger system Radiometric data shows kilometre scale zonation and alteration (\"bullseye\" target pattern) in the Arena area, possibly representing a large mineralized system below the surface The radiometric data combined with soil data and spectral analysis highlight a second unexplored target to the north of the Arena area The previously named Bloom Zone (East Copper Cobalt and South Copper Cobalt showings) has been highlighted by a broad Uranium Thorium pattern, indicating these visually high-grade zones (results pending) are part of a larger system Context: The Monster Property is a 6,300 Hectare IOCG copper cobalt property in the Yukon Territory north of Dawson City. During the 2018 field program an airborne radiometric survey was flown by Precision Geosurveys. The data was further processed by Southern Geosciences. Alteration and zonation in the Arena The km-scale alteration zone over the Arena appears as a bullseye on a Property radiometric map and makes this a priority target for future exploration. The Arena has seven surface showings with historical grab samples that have yielded up to 1.34% cobalt and 44.8% copper. Go Cobalt's 2018 radiometric survey highlights these zones occur within a radiometric high of thorium and potassium. The entire zone is bounded by a zone that is high in potassium and uranium. The zonation occurs over 4 kilometres, indicating a potentially very large mineral system on the Monster Property in the Arena alone. Figure 1. The Arena alteration zones overlain on a ternary map of K (red), Th (green) and U (blue), and shaded according to total counts. Unexplored target The radiometric survey has uncovered a completely unexplored target. Several surface showings in the east...