Vancouver, BC – Bankers Cobalt Corp. (TSXV: BANC) (the “Corporation” or “Bankers”) is pleased to provide an update on new cobalt and copper targets identified at the Comipad-Comima and Kankutu projects in the Democratic Republic of Congo (DRC).
- Recent trenching at Kankutu discovers a 3km strike of Mine Formation (Roan 1-2) series rocks which are host to nearby Kimpe Mine.
- Ground magnetics interpretation of Kankutu indicate a potential extension onto the concession of the structure which controls the nearby operating Kimpe Mine
- 400m long +200 ppm elevated copper in soil anomaly at Comipad-Comima
Stephen Barley, President and CEO states, “Kabolela North, Hole KADD013 returned 3.69% Copper over 6m from 72m – 78m depth extending the zone originally discovered in Hole KADD011(3.17% copper over 4m from 28m) and Hole KADD012 (2.01% copper over 6m from 34m; including 1m @ 0.3% cobalt from 39m). Drilling is continuing at Kabolela North and results will be released as assays come available. Soil sampling at Kabolela South has shown encouraging elevated cobalt and copper results tracking the same stratigraphy as a former operating pit on the southern border of the Kabolela property. Our team has found highly encouraging cobalt and copper in soil samples or trenches on both the Comipad-Comima and Kankutu concessions. We are having exploration success on all three property areas where our initial activities have been focused.”
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