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Quantum Cobalt Reports up to 8.33% Cobalt from Grab Samples at Nipissing Lorrain Mine
VANCOUVER, Dec. 13, 2017 /CNW/ - Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23B) ("Quantum" or the "Company") wishes to announce it has received assay re
About this update from Quantum Battery Metals Corp.
[{"type":"text","content":"VANCOUVER, Dec. 13, 2017 /CNW/ - Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23B) (\"Quantum\" or the \"Company\") wishes to announce it has received assay results from the recent exploration program at the \"Nipissing Lorrain Mine\" Cobalt-Silver-Nickel Property (the \"Nipissing Lorrain Mine Property\" or the \"Property\"), located 26kms southeast of Cobalt, Ontario. The property is adjacent to First Cobalt's 'Silver Centre' claims. Six separate underground workings have been historically mined for Cobalt-Silver-Nickel on the property. The first phase exploration program included grab samples from the historic development rock pile of the historically mined 'Staples Vein'. 28 samples were collected, with 15 submitted for analysis. The average grade of the samples taken from the pile was over 2.33% Co, with a peak value of 8.33% Co. Several samples surpassed detection limits for both copper and nickel, and are currently being reanalysed to gain absolute values. All sample analysis is being completed by Bureau Veritas in Timmins, ON. The grab samples selected are samples and are not necessarily representative of the mineralization hosted on the property. Due to the positive lab results, Quantum is now considering options to produce cobalt from the historic workings. About the Nipissing Lorrain Cobalt Project: Location The 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 Configuration The property consists of 29 claim units for approximately 464 Hectares. Access and Infrastructure The 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. Mineralization Cobalt, silver and nickel mineralization occur on multiple fracture zones and veins within the property. Mineralisation is associated with calcite veins within close proximity to diabase sills. Mineralisation occurs as Co-Fe-Ni Arsenides, arge...