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Quantum Cobalt to Evaluate Potential and Processing Options of Historic Development Rock Pile at Nipissing Lorrain Mine
VANCOUVER, Dec. 22, 2017 /CNW/ - Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23B) ("Quantum" or the "Company") wishes to announce it is in the process of
About this update from Quantum Battery Metals Corp.
[{"type":"text","content":"VANCOUVER, Dec. 22, 2017 /CNW/ - Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23B) (\"Quantum\" or the \"Company\") wishes to announce it is in the process of planning a preliminary program on the Nipissing Lorrain Mine\" Cobalt-Silver-Nickel Property (collectively, the \"Nipissing Lorrain Mine Property\" or the \"Property\") which will focus on sampling and determining the size of a dump pile of material that was excavated during historic underground development work (\"development rock pile\"). The company intends to use this information to prepare a mineral resource estimate (per CIM definitions) and does not currently intend to complete or file on SEDAR a PEA, PFS, or FS. As such the company will not be able to disclose results of any processing options. The program is in the initial stages of planning and may consist of reverse circulation drill holes on a tightly spaced grid to collect representative samples and dimensions of the pile. The samples collected will be assayed to understand grade distribution and geometry of the pile. Select representative samples will undergo flotation test work to determine cobalt grade recovery as well as arsenic concentrations. Permits for this work have not yet been applied for. The 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: 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. Mineralization Cobalt, silver and nickel mineralization occur on m...