Cobalt Power Closes 11,680-hectare Land Buy in Ontario - Stockpools

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Cobalt Power Closes 11,680-hectare Land Buy in Ontario

2018-06-07

Cobalt Power Group Inc. has closed its purchase of the Ontario cobalt block (see press release Feb. 13, 2018), which increases Cobalt Power's landholdings by approximately 25 per cent to more than 11,680 hectares (28,862 acres). This acquisition positions Cobalt Power as one of the largest landowners in the cobalt and silver Center camps of Ontario.

Highlights:

The Ontario cobalt project consists of 14 mineral claims (184 units) covering 2,944 hectares (7,275 acres) located in the Cobalt camp of Ontario;
Highly prospective land package along the main structure of the Cobalt camp;
Property exhibits all geological features for Co-Ag mineralization (diabase dike, Coleman member sediments, major regional faulting);
The company is fully financed for 2018;
Aggressive exploration program planned for this year.


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