The Greater Cobalt Project began in 2017 with a maiden drill program of 7,000 metres, designed with the intent of testing several areas known to be cobalt-rich over the two kilometre strike length of the Keeley-Frontier vein system, including Haileybury and Bellellen. 

First Cobalt has assembled an extensive property package to facilitate an exploration program across the over 10,000 hectares the Company owns to leverage this historic knowledge through the re-evaluation of the silver-cobalt mineralized system. This Camp was targeted for three main criteria:

  • Keeley-Frontier had the best cobalt-to-silver ratio of all the major historic mines in the camp. Most significantly, silver was the primary economic metal for mine development, yet in 1931 the Frontier Mine is reported to have produced more than a half million pounds of cobalt. This suggests there may be other cobalt-rich areas that were not targeted or exploited during mining;
  • First Cobalt has assembled a much larger land package than previously possible in the Cobalt Camp. The Keeley-Frontier Mine and First Cobalt’s South Lorrain land package together consist of 2,100 hectares (21 square kilometres) of contiguous land, which will then increase significantly upon completion of the mergers with Cobalt One and CobalTech. This will facilitate regional exploration for new cobalt discoveries near the Keeley-Frontier asset; and
  • The Cobalt Camp area had been largely forgotten for more than half a century despite its storied past, with only limited exploration since the 1980s. The opportunity to return to the area with the lens of new mining techniques and geoscience is thus particularly appealing.
  • Preliminary
    Assay Results
  • Caswell Surface
    Sample Results

Preliminary Assay Results Table

Hole ID Sample-ID From 
(m)
To
(m)
Length
(m)
 Co 
(%)
 Ag 
(g/t)
Ni
(%)
Cu
(%)
Zn
(%)
Pb
(%)
Target
KF-WV-0008 E6595570 10.46 11.00 0.54 0.00 7 0.02 0.06 0.03 1.40 Woods Extension
KF-WV-0008 E6595571 11.00 11.36 0.36 0.00 10 0.01 0.02 0.01 2.64 Woods Extension
KF-WV-0008 E6595690 96.98 97.45 0.47 0.83 30 0.04 0.02 0.01 0.07 Woods Extension
KF-F01V-0009 E6595250 22.67 23.63 0.96 0.01 19.20 0.04 0.08 0.01 0.01 Woods Extension
KF-F01V-0009 E6595328 23.63 23.93 0.30 0.02 5.10 0.02 0.03 0.01 0.00 Woods Extension
KF-F01V-0009 E6595251 23.93 24.44 0.51 0.00 7.14 0.02 0.04 0.01 0.01 Woods Extension
KF-F01V-0009 E6595253 24.44 25.75 1.31 0.12 73.36 0.07 0.47 0.02 0.00 Woods Extension
KF-F01V-0009 E6595254 25.75 26.90 1.15 0.04 35.65 0.02 0.07 0.01 0.00 Woods Extension
KF-F01V-0009 E6595255 26.90 27.71 0.81 0.03 11.34 0.02 0.09 0.01 0.00 Woods Extension
KF-F01V-0009 E6595256 27.71 28.71 1.00 0.02 22.00 0.01 0.03 0.01 0.00 Woods Extension
KF-F01V-0009 E6595257 28.71 29.71 1.00 0.01 23.00 0.01 0.02 0.00 0.00 Woods Extension
KF-F01V-0009 E6595259 29.71 30.71 1.00 0.01 18.00 0.01 0.03 0.00 0.00 Woods Extension
KF-F01V-0009 E6595260 30.71 31.50 0.79 0.02 18.17 0.01 0.03 0.00 0.00 Woods Extension
KF-F01V-0009 E6595261 31.50 32.2 0.70 0.02 31.50 0.01 0.04 0.01 0.00 Woods Extension
  average     9.53 0.03 27.75 0.02 0.10 0.01 0.00 Woods Extension
KF-WV-0002 E6596214 18.39 19.03 0.64 0.00 7.00 0.01 0.04 1.31 0.60 Woods Extension
KF-WV-0002 E6596215 19.03 19.66 0.63 0.01 10.00 0.01 0.07 2.36 1.45 Woods Extension
KF-WV-0002 E6596216 19.66 20.20 0.54 0.01 6.00 0.01 0.36 1.12 0.27 Woods Extension
KF-WV-0002 average     1.81 0.01 7.75 0.01 0.15 1.62 0.80 Woods Extension
KV-HB-0001   No Significant Results Haileybury
KV-HB-0003   No Significant Results Haileybury
KV-HB-0004   No Significant Results Haileybury
KV-HB-0005   No Significant Results Haileybury

Note: Reported intervals are not true width. At this time, there is insufficient data with respect to the shape of the mineralized system to calculate true orientations in space. They represent drill intersection widths from holes drilled at a dip of -45 to -70 degrees

Caswell – November 21, 2017

Sample Easting Northing Showing/Area Type Co Ag Ni Cu Zn Pb
Unit NAD83 Z17 NAD83 Z17     % g/t % % % %
Detection Limit       0.00005 1 0.00005 0.00005 0.00005 0.00005
E6607110 609573 5233539 Caswell Main Shaft Muckpile 4.800 9 1.840 0.062 0.001 0.004
E6607111 609577 5233534 Caswell Main Shaft Muckpile 0.408 9 0.051 1.270 0.012 0.002
E6607112 609575 5233536 Caswell Main Shaft Muckpile 0.048 6 0.024 0.011 0.002 0.007
E6607113 609571 5233538 Caswell Main Shaft Muckpile 1.450 3 0.675 0.006 0.001 0.001
E6607114 609566 5233541 Caswell Main Shaft Muckpile 9.440 17 2.918 0.046 0.011 0.016
E6607115 609564 5233545 Caswell Main Shaft Muckpile 0.040 23 0.021 8.916 0.016 0.010
E6607116 609200 5234330 Pit Outcrop 0.020 <1 0.023 0.045 0.007 <0.00005
E6607117 609192 5234320 Pit Muckpile 0.008 <1 0.014 0.015 0.007 <0.00005
E6607118 609998 5234644 Outcrop Sub-crop 0.004 <1 0.006 0.002 0.001 0.001
E6607119 609876 5234109 Caswell B Trenches Outcrop 0.002 <1 0.006 0.102 0.016 0.047
E6607121 609874 5234113 Caswell B Trenches Muckpile 0.003 <1 0.006 0.605 0.014 0.009
E6607122 609858 5234094 Caswell B Trenches Outcrop 0.406 <1 0.031 0.005 0.005 0.001
E6607123 609863 5234095 Caswell B Trenches Outcrop 0.048 1 0.007 0.010 0.002 <0.00005
E6607124 609863 5234094 Caswell B Trenches Outcrop 0.012 <1 0.007 0.004 0.003 <0.00005
E6607125 609845 5234044 Caswell B Trenches Muckpile 0.030 1 0.006 0.008 0.002 0.004
E6607126 609841 5234038 Caswell B Trenches Muckpile 0.912 <1 0.116 0.002 0.005 0.002
E6607127 607303 5234871 Chukuni Muckpile 0.009 1 0.008 0.051 0.010 0.001
E6607128 606971 5234700 Chukuni Muckpile 0.006 <1 0.010 0.013 0.009 <0.00005
E6607131 606365 5234289 Thomson Trences Muckpile 0.005 <1 0.014 0.009 0.008 <0.00005
E6607132 606529 5234373 Thomson Pit Outcrop 0.028 <1 0.016 0.105 0.004 0.001
E6607133 606523 5234396 Thomson Pit Outcrop 0.004 <1 0.004 0.011 0.006 0.001
E6607134 609569 5234358 Latour Muckpile 0.005 <1 0.007 0.019 0.003 <0.00005
E6607135 609569 5234358 Latour Muckpile 0.021 <1 0.040 0.015 0.006 <0.00005
E6607136 609569 5234358 Latour Muckpile 0.002 2 0.006 0.089 0.010 0.001
E6607137 609569 5234358 Latour Muckpile 0.003 <1 0.006 0.047 0.015 0.052
E6607138 609569 5234358 Latour Muckpile 0.001 <1 0.005 0.111 0.008 0.002
E6607139 609580 5233536 Caswell Main Shaft Muckpile 0.001 <1 0.003 0.192 0.006 0.003
E6607141 609580 5233536 Caswell Main Shaft Muckpile 0.004 <1 0.011 0.008 0.006 <0.00005
E6607142 609580 5233536 Caswell Main Shaft Muckpile 3.390 2 0.434 0.004 0.003 0.005
E6607143 609580 5233536 Caswell Main Shaft Muckpile 0.460 3 0.097 0.039 0.009 0.004
E6607144 609580 5233536 Caswell Main Shaft Muckpile 0.117 <1 0.024 0.019 0.002 0.004
E6607145 609573 5233539 Caswell Main Shaft Muckpile 1.170 4 0.156 0.042 0.010 0.010
E6607146 609573 5233539 Caswell Main Shaft Muckpile 6.090 2 0.472 0.038 0.004 0.019
E6607147 609573 5233539 Caswell Main Shaft Muckpile 0.959 2 0.174 0.005 0.001 0.002
E6607148 609569 5233532 Caswell Main Shaft Muckpile 1.210 4 0.173 0.018 0.001 0.001
E6607149 609569 5233532 Caswell Main Shaft Muckpile 0.153 <1 0.011 0.004 0.002 0.001
E6607150 609569 5233532 Caswell Main Shaft Muckpile 0.753 1 0.441 0.005 0.010 0.017
E6607151 606968 5234698 Chukuni Muckpile 0.833 3 0.131 0.044 0.001 0.002
E6607153 606336 5234238 Thomson Muckpile 0.008 3 0.008 0.439 0.005 <0.00005
E6607154 609574 5233537 Caswell Main Shaft Muckpile 0.007 <1 0.010 0.023 0.008 0.001
E6607155 609567 5233541 Caswell Main Shaft Muckpile 0.007 <1 0.012 0.032 0.006 <0.00005
E6607156 609567 5233541 Caswell Main Shaft Muckpile 0.006 <1 0.007 0.010 0.007 0.001
E6607157 609573 5233551 Caswell Main Shaft Muckpile 0.036 2 0.008 0.231 0.005 0.002

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