First Cobalt Corp.announced recently that it has expanded its land position in Idaho for the second time in a month, increasing its position around its Iron Creek cobalt-copper project in Idaho, USA. The company signed an earn-in agreement with Phoenix Copper Limited for 224 hectares of property, expanding its land position to over 1,820 hectares covering the strike extent of strata hosting mineralization. (Logo quoted from Yahoo’s image)

Located in the Idaho Cobalt Belt, the Iron Creek Project is one of the few primary cobalt deposits in the world. The deposit remains open to the east and west along strike as well as down-dip. To date, cobalt and copper resources have been defined by drilling over a 900-metre strike extent. The Idaho Cobalt Belt contains the largest primary resources of cobalt in the United States according to the US Geological Survey.

HIGHLIGHTS

The Redcastle property is immediately east of the Iron Creek property consisting of 31 claims covering 224 hectares, expanding the total size of First Cobalt’s land position to over 1,820 hectares.

The Ruby Zone cobalt-copper prospect is exposed 750 metres west of the Redcastle property and the host rock sequence to the sulfide mineralization is interpreted to extend in the Redcastle area cover, therefore prospectivity is considered high.

Geophysical surveys will be conducted at Ruby and within the Redcastle property to test for cobalt and copper mineralization extensions.

(IRuniverse)

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