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Bankers Cobalt Makes Near-Surface High Grade Copper and Cobalt Discovery at Kabolela
VANCOUVER, British Columbia, March 16, 2018 (GLOBE NEWSWIRE) -- Bankers Cobalt Corp. (TSXV:BANC) (the “Corporation” or “Bankers”) is pleased to announce results
About this update from Magma Silver Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 16, 2018 (GLOBE NEWSWIRE) -- Bankers Cobalt Corp. (TSXV:BANC) (the “Corporation” or “Bankers”) is pleased to announce results from the inaugural drill program at the Kabolela North concession in the Democratic Republic of Congo (the “DRC”). Exploration drilling began at Kabolela in November 2017 and 12 holes have been completed for a total of 1,403 meters. Assays have been received on the first holes and drilling is ongoing with additional results expected shortly. Select Highlights: • Kabolela North - hole KADD001 – 4.7% copper over 0.65m from 54.8m • Kabolela North - hole KADD001 – 4.75% copper over 0.3m from 60.7m • Kabolela North - hole KADD002 – 2.81% copper over 2.5m from 39.4m including 11.52% copper over 0.5m from 41.4m • Kabolela North - hole KADD004 – 9.68% copper over 0.6m from 96.3m • Kabolela North - hole KADD005 – 0.37% cobalt over 1.4m from 163m • Kabolela North - hole KADD0011 – 3.17% copper over 4m from 28m • Kabolela North - hole KADD012 – 2.01% copper over 6m from 34m; including 1m @ 0.3% cobalt from 39m Stephen Barley, President and CEO of Bankers states, “We are very excited by the preliminary results from our very first drill program on the previously unexplored Kabolela concession indicating high-grade copper and cobalt in Kabolela North (see attached concession map). In terms of grade and depth, these results appear to be in line with producing mines in the region and follow the regional pattern of high-grade copper with pockets of cobalt. There are producing copper cobalt operations on the east and west side of Kabolela. Kabolela is favorably positioned to benefit Bankers’ shareholders from a new copper cobalt discovery in the DRC. We look forward to further defining the structure and potential size of this high-grade system.” All drill core has been submitted to SGS Lubumbashi for Cu and Co determination by AAS. The initial drilling program is intended to provide information on the orientation, width, and strike length of the mineralization discover...