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Quantum Cobalt drilling planned to test historic development rock pile at the Nipissing Lorrain Mine
VANCOUVER, Jan. 18, 2018 /CNW/ - Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23BA) ("Quantum" or the "Company") wishes to announce it has planned a drilli
About this update from Quantum Battery Metals Corp.
[{"type":"text","content":"VANCOUVER, Jan. 18, 2018 /CNW/ - Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23BA) (\"Quantum\" or the \"Company\") wishes to announce it has planned a drilling program (subject to permitting) to determine the size of a dump pile of material that was excavated during historic underground development work at the \"Nipissing Lorrain Mine\" Cobalt-Silver-Nickel Property (collectively, the \"Nipissing Lorrain Mine Property\" or the \"Property\") located 26km South East of Cobalt, Ontario. The company intends to use this information to prepare a mineral resource estimate (per CIM definitions) and file a technical report on SEDAR. Following a successful sampling program over the historic waste pile in late 2017, Quantum has completed planning and budgeting of a tightly spaced grid of reverse circulation (\"RC\") drill holes to collect representative samples and dimensions of the pile. The company intends to begin permitting immediately and return to site as soon as weather conditions and permitting allow to carry out the systematic definition of the pile. A recently completed first phase exploration program included grab samples from the historic development rock pile of the historically mined 'Staples Vein'. The average grade of the 15 previously released samples sent for assay from the pile was over 2.33% Co, with a peak value of 8.33% Co. The grab samples were carefully selected and are not necessarily representative of the mineralization hosted on the property. About the Nipissing Lorrain Cobalt Project: LocationThe Nipissing Lorrain Mine Cobalt property is located 26km southeast of the town of Cobalt near the eastern border of Ontario. Cobalt is the epicentre of past Cobalt mining in Ontario. The district is mining friendly, with a rich history of cobalt and silver production. Property Status and ConfigurationThe property consists of 29 claim units for approximately 464 Hectares. Access and InfrastructureThe Property is accessible by road, 26km from Cobalt. From north Cobalt, follow Highway 567 to Silver centre. After 26.85km turn left on Maiden Road and continue for a further 4.35km. The road passes through the property with the Staples Vein visible on the left-hand side of the road. Past production means power and infrastructure is accessible within the area. MineralizationCobalt, silver and nickel mineralization occur on...