Vancouver, British Columbia–(Newsfile Corp. – October 18, 2018) – Go Cobalt Mining Corp. (CSE: GOCO) (“Go Cobalt” and/or the “Company“) is pleased to announce it has increased its land holdings by staking in the Yukon due to early positive results from the initial phases of exploration. The staking increases the 100% Go Cobalt owned Copper Cobalt Monster Project (the “Property“) by 430 hectares to cover newly recognized targets that extended beyond the limits of the previous project boundary. Go Cobalt reports the following:
- Go Cobalt has staked 21 additional claims, increasing the property area from 59.2 kilometres squared to 63.5 kilometres squared.
- Claims added to the south central area (claim numbers 284 — 292) now cover the full extent of the large magnetic bodies recently identified by inversion modeling.
- Claims added to the east (claim numbers 293 — 304) now cover the extension of a large alteration zone identified by Go Cobalt’s Remote Spectral Geology program which used spectral satellite data to identify rock types and alteration signatures.
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Scott Sheldon, CEO of Go Cobalt comments: “Our team continues to recognize additional potential in this underexplored area of the Yukon. Go Cobalt now controls the majority of the Werneke Breccia available for staking outside of the protected Peel Watershed. This breccia system is well documented to host IOCG mineralization and it is encouraging to have already recognized visible copper and cobalt mineralization in outcrop.”
The Monster Property is centered on a large hematitic breccia system called the Wernecke Breccia. The property spans approximately 18km from East to West on top of the breccia system.
This is the second extension of the Monster Property. From the initial 44.3 km2, the Property has now been extended by 19.2 km2 to the current land package of 63.5 km2.
Adrian Smith, P.Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has supervised the technical information presented within this news release.
Company Update on Vanadium:
The Company is currently evaluating vanadium projects to complement its flagship Monster Copper Cobalt project. Vanadium is an energy metal and a key component of vanadium flow batteries. To date the company has evaluated 4 Canadian and 2 Chilean vanadium projects. Go Cobalt is looking for an early stage project where it can add significant value. Priority is being given to projects within established mining jurisdictions.
About Go Cobalt Mining Corp.
Go Cobalt is a Vancouver based mining exploration company. We develop exciting and relevant energy metal projects to help meet demand for a battery powered future.
For further information, please contact:
Scott Sheldon, President
This press release may include “forward-looking information” (as that term is defined by Canadian securities legislation), concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether as a result of new information, future events or results, or otherwise) other than as required by applicable securities laws.