First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning said it has purchased four mining claims positioned near the past producing Caswell mine in the Central Cobalt region of the Cobalt Camp in Ontario. The properties are contiguous to First Cobalt’s properties to the west of the Caswell and La Tour mines and the Thompson prospect in Central Cobalt. Additionally, the newly-acquired claims span an area that may contain the extension of structures connected to mineralization at the Caswell mine and the Thompson prospect. “Expansion of First Cobalt’s property into this highly prospective area increases the opportunity for regional exploration work in keeping with the Company’s intention to identify bulk cobalt mining opportunities. Cobalt Central was historically underexplored yet the Caswell mine to the east of these claims boasts one of the highest historic cobalt-to-silver ratios within the Camp making this region highly attractive for continued exploration,” First Cobalt president & chief executive officer Trent Mell stated in the news release.
To view the full press release, visit http://dtn.fm/9GHdZ
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About First Cobalt
First Cobalt’s objective is to create the largest pure-play cobalt exploration and development company in the world. Upon completion of the mergers with Cobalt One Ltd. and CobalTech Mining Inc., First Cobalt will control over 10,000 hectares of prospective land and 50 historic mining operations in the Cobalt Camp in Ontario, Canada as well as a mill and a permitted refinery facility. For more information, visit www.FirstCobalt.com.
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