M2 Cobalt – 121 Mining-Interview aus Kapstadt

Die Redaktion von GOLDINVEST.de hatte schon vor einer ganzen Weile auf den Kobaltexplorer M2 Cobalt (WKN A2H8WQ TSX-V MC) aufmerksam gemacht – damals hieß das Unternehmen noch Accend Capital und war kaum jemandem bekannt. Doch das beginnt sich jetzt zu ändern!

Zum einen, weil M2 mittlerweile die Exploration der vielversprechenden Kobalt-Liegenschaften in Uganda aufgenommen hat (Wir berichteten. http://www.goldinvest.de/…) und zum anderen, da das Unternehmen nun auch seine Öffentlichkeitsarbeit verstärkt..

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M2 Cobalt – 121 Mining-Interview aus Kapstadt

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Risikohinweis: Die GOLDINVEST Consulting GmbH bietet Redakteuren, Agenturen und Unternehmen die Möglichkeit, Kommentare, Analysen und Nachrichten auf http://www.goldinvest.de zu veröffentlichen. Diese Inhalte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Des Weiteren ersetzten sie in keinster Weise eine individuelle fachkundige Anlageberatung, es handelt sich vielmehr um werbliche / journalistische Veröffentlichungen. Leser, die aufgrund der hier angebotenen Informationen Anlageentscheidungen treffen bzw. Transaktionen durchführen, handeln vollständig auf eigene Gefahr. Der Erwerb von Wertpapieren birgt hohe Risiken, die bis zum Totalverlust des eingesetzten Kapitals führen können. Die GOLDINVEST Consulting GmbH und ihre Autoren schließen jedwede Haftung für Vermögensschäden oder die inhaltliche Garantie für Aktualität, Richtigkeit, Angemessenheit und Vollständigkeit der hier angebotenen Artikel ausdrücklich aus. Bitte beachten Sie auch unsere Nutzungshinweise.

Gemäß §34b WpHG i.V.m. FinAnV (Deutschland) und gemäß Paragraph 48f Absatz 5 BörseG (Österreich) möchten wir darauf hinweisen, dass Auftraggeber, Partner, Autoren und Mitarbeiter der GOLDINVEST Consulting GmbH Aktien der M2 Cobalt halten oder halten können und somit ein möglicher Interessenskonflikt besteht. Wir können außerdem nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen M2 Cobalt im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen. Ferner besteht zwischen einer dritten Partei, die im Lager der M2 Cobalt steht, und der GOLDINVEST Consulting GmbH ein Beratungs- oder sonstiger Dienstleistungsvertrag, womit ein Interessenkonflikt gegeben ist. Diese Dritte Partei kann ebenfalls Aktien des Emittenten halten, verkaufen oder kaufen und würde so von einem Kursanstieg der Aktien von M2 Cobalt profitieren. Dies ist ein weiterer, eindeutiger Interessenkonflikt.

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First Cobalt Intersects High Grade Cobalt at Bellellen

First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company” – https://www.youtube.com/…) today announced positive drill results from the historic Bellellen mine in the Cobalt Camp, Ontario. These early results confirm the presence of high grade cobalt and nickel along the known Bellellen vein system south of the historic mine workings.
Highlights
• 2.0 metres of 0.78% Co and 0.83% Ni, including 1.1 metres of 1.35% Co and 1.47% Ni along the Bellellen Vein system that extends for approximately 300 metres of strike length
• Several calcite veins and disseminated zones of mineralization have been intersected
• Assays pending for additional 12 holes drilled as part of the 1,100m program at Bellellen
• Further support to the thesis of metal zoning of cobalt-nickel rich versus silver rich areas within a single hydrothermal system; a relationship seen elsewhere in the Camp

Trent Mell, President & Chief Executive Officer, commented:
“First assays from Bellellen drilling confirm the grades found in muckpile material sampled in 2017 and support our view that we now have a third area of interest in the Cobalt Camp. The Bellellen structure has adequate strike length to remain a priority target. Our 2018 drill strategy is to test several new target areas to confirm the cobalt grades of known systems throughout the Camp and then focus on those of sufficient size to support large tonnage operations.”

Drilling at Bellellen began in January 2018 with 13 holes completed for over 1,100 metres. The program was intended to confirm the presence of cobalt-nickel mineralization away from historic mining and to identify the distribution of both vein-style and disseminated-style mineralization previously sampled from underground material.

Drill holes targeted the north-south trending Bellellen Vein and the northeast trending Frontier 2 Vein (Figure 1). In places, two holes were collared at the same location with different dip orientation to determine the direction of the veins.

Assays have been received from hole FCC-18-0007, returning 2.0m of 0.78% Co and 0.83% Ni, including 1.1m of 1.35% Co and 1.47% Ni. The mineralized intercept was about 20m from surface in a zone containing several veins (Figure 2). The highest grade of 2.40% Co over 0.3m represents visible cobalt minerals that also likely contain nickel. Anomalous cobalt (>0.05%) occurs within wallrocks on the margins of the high grade zone without visible veining. Fine disseminated cobalt minerals are likely present. Silver is relatively low suggesting the Bellellen area may represent a cobalt-nickel rich zonation in proximity to the silver-rich vein system at Keeley-Frontier.

Table 1. Summary of assay results from hole FCC-18-0007
From To Width Co Ag Ni
Sample ID – m – m – m – % – g/t – %
E6607467 – 26.2 – 26.5 – 0.3 – 0.05 – 2 – 0.03
E6607468 – 26.5 – 26.8 – 0.3 – 0.73 – 1 – 1.26
E6607469 – 26.8 – 27.3 – 0.5 – 1.11 – 3 – 1.78
E6607470 – 27.3 – 27.6 – 0.3 – 2.40 – 2 – 1.18
E6607472 – 27.6 – 28.2 – 0.6 – 0.05 – 4 – 0.02
average – 26.2 – 28.2 – 2.0 – 0.78 – 3 – 0.83
including – 26.5 – 27.6 – 1.1 – 1.35 – 2 – 1.47

Note: Lengths are measured along the drill core and true widths of mineralization are not known at this time.
Several holes in this program intersected carbonate veins containing cobalt-nickel minerals as well as pyrite, pyrrhotite and chalcopyrite. In some holes tight folding of the volcanic rocks is evident and the Nipissing Diabase appears to be deeper than expected from bedrock mapping. The overall structural interpretation of the Bellellen area is ongoing to determine if these high grade cobalt-nickel veins are locally concentrated where folds converge.

Figure 1. Bedrock geology and location of drilling stations in the 2017 drilling program. Silver-cobalt veins shown are compiled from historic maps and locations shown not be considered exact.
Cobalt-bearing minerals in hole FCC-18-0007 occur as discrete bands associated with small, centimetre-sized calcite veins occurring within chloritized mafic volcanic rocks. Disseminated pyrite and arsenopyrite occur in the wallrocks of the veins. Arsenopyrite is associated with anomalous cobalt. The hole was collared over 150m south of the main Bellellen mine shaft. Drill holes FCC-18-0008 and FCC-18-0013 were drilled to test the dip extension of the cobalt mineralization in FCC-18-0007. Disseminated pyrite and arsenopyrite as well as calcite veins have also been noted in these holes.

Elsewhere in the Cobalt Camp at the Silverfields mine, high cobalt-nickel mineralization occurs along the margin of high grade silver veins, defining an extensive system. Silverfields produced approximately 18 million ounces of silver and was one of the largest producers, with over one million tonnes milled, in the Cobalt Camp.

Figure 2. East-west geologic cross section of FCC-18-0007 and nearby drill holes. The section is 40m thick. Grid blocks are 50m by 50m. Easting co-ordinates are in UTM NAD83 Zone 17 co-ordinate system.
For a table of drill hole assay results to date, visit https://firstcobalt.com/….

Bellellen Mine
Mining at Bellellen mine began in 1909 around the same time the Haileybury, Frontier and Keeley mines began operations. The Bellellen mine contained high cobalt content relative to silver, thus it struggled to be economically viable in a silver mining era. Bellellen had intermittent production until 1943, when 12.3 tons of ore were shipped containing 9.25% Co and 11.55% Ni.
At Bellellen, the Nipissing Diabase has been interpreted at a depth of 125 metres below surface within a fold hinge. Between surface and the diabase, a thick sequence of mafic volcanic rocks occurs, suggesting depth potential to the known Co-Ag mineralization may exist in this area.

Samples from surface muckpiles at Bellellen returned high values of Co coincident with Ag, Ni and Cu in various styles of mineralization (see September 28, 2017 press release). Mineralogy work on disseminated style mineralization found Co as glaucodot (Co,Fe)AsS as well as Co-bearing pyrite (see October 5, 2017 press release). This style of mineralization had not previously been recognized in the Cobalt Camp and suggests a broad hydrothermal system may be present at Bellellen.
Quality Assurance and Quality Control

First Cobalt has implemented a quality-control program to comply with common industry best practices for sampling and analyses. Samples are collected from drill core from a range of 30 to 100cm length. Half-core samples are submitted for analyses. Standards and blanks are inserted every 20 samples. Duplicates are made from quarter core splits every 20 samples. Geochemical data were received from SGS Canada in Lakefield, Ontario, Canada. No QA/QC issues have been noted. SGS has used a sodium-peroxide fusion and ICP finish for analyses on all samples. Over-range (> 1%) Co and Ni are determined by a separate fusion and ICP finish.
Qualified and Competent Person Statement

Dr. Frank Santaguida, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is also a Competent Person (as defined in the JORC Code, 2012 edition) who is a practicing member of the Association of Professional Geologists of Ontario (being a ‘Recognised Professional Organisation’ for the purposes of the ASX Listing Rules). Dr. Santaguida is employed on a full-time basis as Vice President, Exploration for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.

About First Cobalt
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.

On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
For more information visit www.firstcobalt.com or contact:
Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects‘, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the reliability of the historical data referenced in this press release and risks set out in First Cobalt’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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M2 Cobalt startet Kobaltexploration in Uganda

Jetzt geht es los: Der kanadische Kobaltexplorer M2 Cobalt (WKN A2H8WQ / TSX-V MC) nimmt die Erkundung seiner Liegenschaften Bujagali und Kilembe in Angriff. Die Teams sind vor Ort und das erste Explorationsprogramm angelaufen. Es handelt sich um ein vielversprechendes Kobaltprojekt in der Republik Uganda, das sich über rund 1.564 Quadratkilometer erstreckt!

M2 wird mit Hilfe von Drohnen die gesamte Landfläche überfliegen und dabei hochauflösende Fotomosaike erstellen, um so den Zugang zum Projekt, Aufschlüsse, alte Abbaustätten und andere geologische Merkmale zu bestimmen.

Darüber hinaus nimmt man ein umfassendes Beprobungsprogramm vor, wobei auch Schwermineralkonzentrate und Flusssedimente gesammelt sowie Boden- und Gesteinsstichproben entnommen werden. Schon zur ersten Explorationsrunde sollen, wenn sinnvoll, auch das Ausheben von Schürfgräben und erste Bohrungen gehören, die als Teil der Grundgebirgskartierung und Probennahme ein besseres Verständnis der Art der Vererzung und der Geologie ermöglichen sollen.

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M2 Cobalt startet Kobaltexploration in Uganda

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Risikohinweis: Die GOLDINVEST Consulting GmbH bietet Redakteuren, Agenturen und Unternehmen die Möglichkeit, Kommentare, Analysen und Nachrichten auf http://www.goldinvest.de zu veröffentlichen. Diese Inhalte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Des Weiteren ersetzten sie in keinster Weise eine individuelle fachkundige Anlageberatung, es handelt sich vielmehr um werbliche / journalistische Veröffentlichungen. Leser, die aufgrund der hier angebotenen Informationen Anlageentscheidungen treffen bzw. Transaktionen durchführen, handeln vollständig auf eigene Gefahr. Der Erwerb von Wertpapieren birgt hohe Risiken, die bis zum Totalverlust des eingesetzten Kapitals führen können. Die GOLDINVEST Consulting GmbH und ihre Autoren schließen jedwede Haftung für Vermögensschäden oder die inhaltliche Garantie für Aktualität, Richtigkeit, Angemessenheit und Vollständigkeit der hier angebotenen Artikel ausdrücklich aus. Bitte beachten Sie auch unsere Nutzungshinweise.

Gemäß §34b WpHG i.V.m. FinAnV (Deutschland) und gemäß Paragraph 48f Absatz 5 BörseG (Österreich) möchten wir darauf hinweisen, dass Auftraggeber, Partner, Autoren und Mitarbeiter der GOLDINVEST Consulting GmbH Aktien der M2 Cobalt halten oder halten können und somit ein möglicher Interessenskonflikt besteht. Wir können außerdem nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen M2 Cobalt im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen. Ferner besteht zwischen einer dritten Partei, die im Lager der M2 Cobalt steht, und der GOLDINVEST Consulting GmbH ein Beratungs- oder sonstiger Dienstleistungsvertrag, womit ein Interessenkonflikt gegeben ist. Diese Dritte Partei kann ebenfalls Aktien des Emittenten halten, verkaufen oder kaufen und würde so von einem Kursanstieg der Aktien von M2 Cobalt profitieren. Dies ist ein weiterer, eindeutiger Interessenkonflikt.

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Emerging new cluster of copper-gold – Discoveries at cloncurry

• Excellent drill results from three targets 25-30 kilometres south of Little Eva
• Companion: 32 metres at 1.48% copper, 0.98g/t gold from surface
• Veiled: 74 metres at 0.53% copper, 0.23g/t gold from surface
• Quamby: 13 metres at 0.61% copper, 4.6g/t gold from 29 metres including 2 metres at 23.6g/t gold from 30 metres
• Highest values include 8.6% copper, 27.1g/t gold, 85g/t silver and 0.2% cobalt
• Many more targets remain poorly tested or untested

Altona Mining Limited (“Altona” or “the Company” – http://www.commodity-tv.net/… ) today announced the results of a 30 hole RC drilling programme undertaken at the Cloncurry Copper Project (“Cloncurry”) in late 2017. The programme was designed to test new copper-gold in soil anomalies at the Companion, Veiled and Quamby prospects. Drill highlights include:

Companion 32 metres at 1.48% copper, 0.98g/t gold
15 metres at 1.44% copper, 0.84g/t gold
35 metres at 1.33% copper, 0.23g/t gold

Veiled 74 metres at 0.53% copper, 0.23g/t gold
24 metres at 0.84% copper, 0.22g/t gold
25 metres at 0.68% copper, 0.10g/t gold

Quamby 13 metres at 0.61% copper, 4.23g/t gold including 2 metres at 23.55g/t gold
60 metres at 0.44% copper, 0.05g/t gold
25 metres at 0.52% copper, 0.07g/t gold

The prospects add to an emerging cluster of copper-gold discoveries south of the proposed Little Eva mine development at Cloncurry. The cluster also includes the Hobby and Reaper prospects (see ASX release dated 29 November 2016).

The drilling is shallow and reconnaissance in nature and intersected both oxide and sulphide mineralisation. Of note were the higher gold grades compared to the deposits included in the mine plan for the Little Eva development. High silver values at Quamby and high cobalt values at Veiled were also recorded. The rocks intersected (Figures 1 to 3) and element association are typical of IOCG (Iron Oxide Copper Gold) deposits.

The tenor of mineralisation is excellent with the highest individual assays at Companion of 11.2%, 9.3% and 8.7% copper equivalent; at Veiled 3.0%, 2.4% and 2.3% copper equivalent; and at Quamby 27.1g/t and 20g/t gold.

At Companion the mineralised system has potential to be large with soil anomalism defined over an area of 0.6 by 3 kilometres, drilling is widely spaced over only 1.2 kilometres of strike.

At the Companion prospect (Figures 4 to 9), the new drill results and drill results from previous operators combine with geology and soil geochemistry to confirm the discovery of a large, structurally controlled copper-gold system.

This drilling programme comprised 9 holes of 48 to 96 metres depth spaced at approximate 300 metre intervals along the northernmost 1.2 kilometres of a larger 3 kilometre long copper-in-soil anomaly. The southern portion of the anomaly is essentially undrilled other than by shallow reconnaissance ‘geochemical’ holes. Soil anomalism occurs in three subparallel zones and mineralisation has been intersected in all three. High tenor copper-gold mineralisation was encountered within broader lower tenor mineralisation. Results were notable for their elevated gold grades and that many intercepts were at very shallow depths.

Better drill intercepts at a 0.3% copper equivalent cut-off grade, include:

32 metres at 1.48% copper, 0.98g/t gold from surface (CPR628)
15 metres at 1.44% copper, 0.84g/t gold from 25 metres (CP629)
35 metres at 1.33% copper, 0.23g/t gold from 4 metres (CPR634)

Mineralisation is developed within subparallel steeply dipping zones. Mineralisation is chalcopyrite and pyrite hosted in strongly silicified quartzite in fresh rock. Mineralisation occurs as malachite and goethite in the weathered zone, commonly to 30 metres depth.

It is likely that high grade mineralisation is developed along the mineralised zones as discrete lodes and shoots. The mineralisation is open along strike and at depth. Figures 8 and 9 provide cross sections at Companion illustrating steeply dipping high grade lodes.

Prior reconnaissance drilling by previous operators at Companion returned:

34 metres at 0.75%, 0.21g/t gold
12 metres at 0.73%, 0.32g/t gold
19 metres at 0.87%, 0.32g/t gold

The location of drill holes is provided in Figures 6 and 7, full results are given in Table 1, drill collar details in Table 2 and JORC Table 1 is provided as Appendix 1.

Veiled Prospect

At the Veiled prospect (Figures 4, 5 and 10), drill results and soil geochemistry suggest the discovery of a significant copper-gold system. There was no prior drilling at Veiled. The prospect is a 130 x 260 metre discrete ‘bullseye’ high tenor copper-in-soil anomaly identified in sampling programs undertaken over the last two years. There are small early 1900’s shallow copper oxide workings within the anomaly located on north striking structures with mineralised brecciated metasedimentary rock and gossan both in outcrop and float.

At the prospect, shallow reconnaissance RC drilling comprised 4 holes of 54 to 90 metres depth on two cross-sections 100 metres apart that targeted the centre and northern extent of the anomaly.

Copper-gold mineralisation was encountered within broader lower tenor mineralisation in three holes. Better drill intercepts at a 0.3% copper equivalent cut-off grade, include:

74 metres at 0.53% copper, 0.23g/t gold from surface (VLR001)
24 metres at 0.84% copper, 0.22g/t gold from surface (VLR002)
25 metres at 0.68% copper, 0.10g/t gold from 10 metres (VLR003)

One hole (VLR002) terminated in mineralisation. The mineralised zone is open at depth, while the limits to the copper-in-soil anomaly remain untested.

Mineralisation is associated with chalcopyrite and pyrite in altered metasediments in fresh rock. There are locally elevated cobalt values (up to 0.2%) with the best intersection being 6 metres at 0.12% cobalt in VLR001 from 10 metres. The mineralisation is also notable for elevated gold grades.

The base of weathering is approximately at 30 metres depth and mineralisation occurs as malachite associated with goethite-hematite rich zones. Higher grade zones within the oxide zone may reflect primary mineralisation or supergene enriched zones and further drilling is required.

Figure 11 provides a cross section at Veiled illustrating the apparent steep dipping high grade zones. The location of drill holes is in Figure 10, full results are given in Table 1, drill collar details in Table 2 and JORC Table 1 is provided in Appendix 1.

Quamby Prospect

At the Quamby prospect (Figure 4, 5 and 12) the drilling tested poorly understood gold-only and adjacent copper-gold soil anomalism.

The target comprises elevated gold in soils around the historic Quamby gold mine which is reported to have recovered 75,600 ounces of gold from leaching operations in the 1980’s and 1990’s. The mine has been drill tested but few of the results have been found. Those available include 16 holes (see September 2017 Quarterly Report) that are coincident with the soil anomalies located south of existing workings. To the west of the mine and partly co-incident with Quamby gold anomalism is a large copper and gold-in-soil anomaly.

Shallow reconnaissance RC drilling comprised 17 holes of 60 to 174 metres depth on cross-sections at 80 to 200 metre intervals was targeted to test the copper-gold in soil anomaly. A single hole was drilled beneath the Quamby mine.

All drill holes targeting the copper-in-soil anomaly encountered mineralisation. The drilling indicates broad zones up to 75 metre wide of low grade copper mineralisation with higher grade zones within.

Mineralisation occurs as disseminated chalcopyrite and pyrite hosted in strongly altered metasediments in fresh rock. In the weathered zone to approximately 25 metres depth, mineralisation occurs as malachite, native copper and chalcocite. Gold values up to 27.1g/t were intersected.


Better drill intercepts, at a 0.3% copper equivalent cut-off grade, include:

13 metres at 0.61% copper, 4.23g/t gold from 29 metres (QMR001)
including 2 metres at 23.6g/t gold and 54g/t silver from 30 metres
60 metres at 0.44% copper, 0.05g/t gold from 10 metres (QMR012)
31 metres at 0.46% copper, 0.01g/t gold from 24 metres (QMR013)
25 metres at 0.52 % copper, 0.07g/t gold from 17 metres (QMR016)

One hole (QMR001) intersected high grade gold and silver over 2 metres (23.55g/t gold and 54g/t silver) within a broader copper-gold mineralised zone and confirms similar drill results obtained by previous operators (Figure 13). The mineralisation has a unique silver rich signature and is poorly understood.

Figure 12 provides a plan of drilling in relation to soil anomalism and illustrates the wide zone of multiple intercepts encountered and relationship to the much larger copper-in-soils anomaly. The location of drill holes is given in Figure 12, full results are given in Table 1, drill collar details in Table 2 and JORC Table 1 is provided in Appendix 1.

Please direct enquiries to:

Alistair Cowden David Ikin Jochen Staiger
Managing Director Professional Public Relations Swiss Resource Capital AG
Altona Mining Limited Perth Tel: +41 71 354 8501
Tel: +61 8 9485 2929 Tel: +61 8 9388 0944 js@resource-capital.ch
altona@altonamining.com David.Ikin@ppr.com.au

About Altona and the Cloncurry Copper Project

Altona Mining Limited (“Altona”) is an ASX listed company focussed on the Cloncurry Copper Project (“Project”) in Queensland, Australia. The Project has Mineral Resources containing some 1.67 million tonnes of copper and 0.43 million ounces of gold. It is envisaged that a 7 million tonnes per annum open pit copper-gold mine and concentrator will be developed at the Project. The development is permitted with proposed annual production(1) of 39,000 tonnes of copper and 17,200 ounces of gold for a minimum of 14 years. The Definitive Feasibility Study was refreshed in July 2017. In November 2017 Altona announced the intention to merge with TSX listed Copper Mountain Mining Corporation, a large Canadian Copper Producer. A shareholder vote on the Scheme of Arrangement is expected in late March 2018.

1Refer to the ASX release ‘Updated DFS Delivers Bigger and Better Cloncurry Copper Gold Project’ dated 2 August 2017 which outlines information in relation to this production target and forecast financial information derived from this production target. The release is available to be viewed at www.altonamining.com or www.asx.com.au. The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production target referred to in the above-mentioned release continue to apply and have not materially changed.

Competent Persons Statement

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Alistair Cowden, BSc (Hons), PhD, MAusIMM, MAIG, Mr Roland Bartsch, BSc(Hons), MSc, MAusIMM and Mr George Ross, MSc, MAIG. Dr Cowden, Mr Bartsch and Mr Ross are full time employees of the Company and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Cowden, Mr Bartsch and Mr Ross consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Copper Equivalence
Copper‐equivalent (“CuEq”) values are calculated using copper price US$2.95/lb and gold price of US$1,250/ounce and grade by the equation: CuEq. = copper % + (gold g/t x 0.62).

Copper‐Equivalent values do not specifically take into account the recoverability of copper or gold, however, for standard copper gold concentrates such as those at Little Eva, the differences in payability and recovery are small whereas the metal prices chosen have a large impact on the copper equivalent values.

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Lithium and Cobalt still in the focus 2018

Swiss Resource Capital AG is delighted to publish the new Lithium Report 2018 with a lot of insights into Lithium, Batteries and Cobalt.
Free download link: https://www.resource-capital.ch/…

Enjoy reading and Happy New Year 2018.

Disclaimer: https://www.resource-capital.ch/…

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Lithium und Cobalt im Fokus auch 2018!

Die Swiss Resource Capital AG hat ihre bekannte Reihe der Spezialreporte wieder aktualisiert und auf den neuesten Stand gebracht. Im Lithium Report 2018 finden Sie hilfreiche Informationen rund ums Thema Lithium, Batterien und E-Mobilität.
Freier Downloadlink:
https://www.resource-capital.ch/…

Viel Spass beim Lesen!

Es gilt der Risikohinweis und Disclaimer der Swiss Resource Capital AG: https://www.resource-capital.ch/…

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First Cobalt schließt 30,6 Millionen Dollar Finanzierung ab

First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (das "Unternehmen" – https://www.youtube.com/…) freut sich bekannt zu geben, dass sie die am 8. Dezember 2017 angekündigte Finanzierung abgeschlossen hat, wobei die Konsortialbanken ihre Option, weitere 4.550.000 Einheiten zu verkaufen, vollständig ausüben. Die Gesellschaft hat auf der Basis einer Bought-Deal-Privatplatzierung (i) 4.700.000 Einheiten der Gesellschaft ("Flow-Through Einheiten") zu einem Preis von $1,51 pro Flow-Through Einheiten (das "FT-Emissionsangebot") und (ii) 20.950.000 Einheiten (die "Einheiten") der Gesellschaft zu einem Preis von $1,10 pro Einheit für einen Gesamterlös von $30.142.000 (das "Emissionsangebot") ausgegeben. Das Konsortium der Konsortialbanken für das Angebot wurde unter der Leitung von Canaccord Genuity Corp. gemeinsam mit TD Securities Inc., GMP Securities L.P., Eight Capital und Red Cloud Klondike Strike Inc. geführt.

Jede Einheit besteht aus einer Stammaktie der First Cobalt (eine „Stammaktie“) und einem halben Warrant (jeder ganze Warrant ein „Warrant“). Jede Flow-Through-Einheit besteht aus einer Stammaktie des Unternehmens, die als eine „Flow-Through-Aktie (eine „Flow-Through-Aktie“) der First Cobalt qualifiziert ist, und einem Warrant. Jeder volle Warrant berechtigt den Inhaber zum Kauf einer Stammaktie des Unternehmens zu einem Preis von $1,50 pro Stammaktie für einen Zeitraum von 24 Monaten nach dem Ausstellungsdatum der Warrants.

Alle Erlöse aus dem Verkauf der Flow-Through-Aktien werden dazu verwendet, um förderungswürdige kanadische Explorationskosten im Sinne des Income Tax Act (Kanada) im Zusammenhang mit den Projekten des Unternehmens in Ontario, Kanada, zu betreiben. Der Nettoerlös des Emissionsangebots wird verwendet, um die Exploration und die Entwicklungsarbeiten auf den Mineralliegenschaften des Unternehmens in Ontario, Kanada, zu forcieren, sowie für Wachstumsgelegenheiten und Arbeitskapital- und allgemeine Unternehmenszwecke.

Die Ausgabe der Warrants wird vorbehaltlich der Zustimmung der Australian Stock Exchange ("ASX") und der Zustimmung der Aktionäre der Gesellschaft abgeschlossen. Gemäß den Anforderungen der ASX-Notierung wird das Unternehmen eine außerordentliche Hauptversammlung einberufen, um die Genehmigung für die Ausgabe der Warrants zu beantragen. Nach Erhalt der Zustimmung der Aktionäre werden die Warrants unverzüglich nach der Versammlung an die Zeichner ausgegeben, und diese Warrants unterliegen einer Haltefrist von vier Monaten ab dem Datum der Ausgabe. Sollte die Zustimmung der Aktionäre in der Sonderversammlung versagt werden, wird die Gesellschaft die Warrants nicht an die Zeichner ausgeben und die Zeichner haben keinen Anspruch auf den Erhalt irgendwelcher Warrants.

Darüber hinaus hat das Unternehmen gleichzeitig mit dem Abschluss des Angebots ein nicht vermitteltes traditionelles Flow-Through-Angebot von 249.000 Flow-Through-Einheiten zu einem Preis von $1,33 pro Flow-Through-Einheit für einen Bruttoerlös von $497.670 abgeschlossen, wobei jede solche Flow-Through-Einheit aus einer Flow-Through-Aktie und einem halben Warrant besteht.

Alle Stammaktien und Flow-Through-Aktien, die heute im Rahmen der oben genannten Angebote ausgegeben werden, unterliegen einer gesetzlichen Haltefrist von vier Monaten und einem Tag.

Die Wertpapiere, die im Rahmen der Privatplatzierung angeboten werden, wurden und werden nicht gemäß dem United States Securities Act of 1933 in der jeweils gültigen Fassung oder den staatlichen Wertpapiergesetzen registriert und dürfen nicht innerhalb der Vereinigten Staaten oder an oder für Rechnung oder zugunsten von US-Personen angeboten oder verkauft werden, es sei denn, es liegt eine US-Bundes- und Bundesstaatseintragung oder eine anwendbare Ausnahme von den US-Registrierungsvorschriften vor. Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren in den Vereinigten Staaten dar.

Über First Cobalt

First Cobalt ist der größte Landbesitzer im Cobalt Camp in Ontario, Kanada. Das Unternehmen kontrolliert über 10.000 Hektar aussichtsreicher Landflächen und 50 historische Bergbaubetriebe sowie die einzige Kobaltraffinerie in Nordamerika, die für die Produktion von Batteriematerialien zugelassen ist. First Cobalt begann mit den Bohrungen im Cobalt Camp im Jahr 2017 und versucht den Unternehmenswert durch neue Entdeckungen und Wachstumsgelegenheiten zu steigern.

Im Auftrag von First Cobalt Corp.

Trent Mell
President & Chief Executive Officer

Für weitere Informationen besuchen Sie www.firstcobalt.com oder kontaktieren:
Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891

In Europa:
Swiss Resource Capital AG – Jochen Staiger
info@resource-capital.ch – www.resource-capital.ch

Die TSX Venture Exchange und deren Regulierungsorgane (in den Statuten der TSX Venture Exchange als Regulation Services Provider bezeichnet) übernehmen keinerlei Verantwortung für die Angemessenheit oder Genauigkeit dieser Pressemeldung.

Zukunftsgerichtete Aussagen
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen und zukunftsgerichtete Informationen (zusammen als „zukunftsgerichtete Aussagen“ bezeichnet) im Sinne der einschlägigen Wertpapiergesetze und des United States Private Securities Litigation Reform Act. Alle Aussagen außer Aussagen historischer Tatsachen, sind zukunftsgerichtete Aussagen. Allgemein können zukunftsgerichtete Aussagen durch Begriffe identifiziert werden wie z. B. „planen“, „erwarten“, „Schätzen“, „beabsichtigen“, „vorhersehen“, „glauben“ oder Variationen dieser Worte oder Aussagen, dass bestimmte Aktionen, Ereignisse oder Ergebnisse eintreten „dürfen‘, „könnten“, „würden“, oder „erzielt werden“. Zukunftsgerichtete Aussagen basieren auf Risiken, Unsicherheiten und anderen Faktoren, die dazu führen könnten, dass sich die tatsächlichen Ergebnisse, Leistungen und Möglichkeiten wesentlich von jenen in den zukunftsgerichteten Aussagen angegebenen unterscheiden. Faktoren, die das bewirken könnten, schließen die Verlässlichkeit der in dieser Pressemitteilung erwähnten historischen Daten und den in den öffentlichen Dokumenten der First Cobalt beschriebenen Risiken ein einschließlich jeder „Management Discussion and Analysis“ , die bei SEDAR, www.sedar.com, eingereicht wurden. Obwohl First Cobalt glaubt, dass die Information und die Annahmen, die zur Anfertigung der zukunftsgerichteten Aussagen verwendet wurden, annehmbar sind, sollte sich der Leser nicht übermäßig auf diese Aussagen verlassen, die nur für den Tag des Erscheinens dieser Pressemitteilung zutreffen und es kann nicht garantiert werden, dass diese Ereignisse in den offengelegten Zeiträumen eintreten werden oder überhaupt. First Cobalt betont ausdrücklich, dass sie weder die Absicht noch die Verpflichtung haben, solche zukunftsgerichteten Aussagen zu korrigieren bzw. zu aktualisieren, weder aufgrund neuer Informationen bzw. zukünftiger Ereignisse noch aus sonstigen Gründen, es sei denn, dies wird gesetzlich gefordert.

Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung: für den Inhalt, für die Richtigkeit, der Angemessenheit oder der Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung aufwww.sedar.com , www.sec.gov , www.asx.com.au/ oder auf der Firmenwebsite!

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First Cobalt Intersects Three Cobalt Veins at Keeley

First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company” – https://www.youtube.com/… ) is pleased to announce new positive drill results from its 2017 drill program, confirming the presence of three cobalt bearing veins to the southwest of the past-producing Keeley mine in the Canadian Cobalt Camp. First Cobalt’s 2017 drill campaign is targeting cobalt mineralization over a two kilometre strike length, representing less than two percent of its land package with several known historic cobalt-rich mines.

Highlights

• 0.12% Co over 5.50m, including 0.68% Co over 0.34m in the Woods vein system which, together with the Watson vein, accounted for over 80% of the production in the Cobalt South area of the Cobalt Camp
• Greater than 1.00% Co over 0.42m* in the KeeleyCo#1 vein and 0.60% Co over 0.38m in the KeeleyCo#2 vein
• KeeleyCo#1 and KeeleyCo#2 veins are two metres apart and are interpreted as parallel structures to the Woods vein, where only minor mine workings exist
• Zinc and lead intersected as part of a hydrothermal halo around the vein systems provides another example of previously unknown metal zoning now seen elsewhere in the Cobalt Camp

Trent Mell, President & Chief Executive Officer, commented:

“We have identified cobalt mineralization to the north and south of the historic Keeley and Frontier silver-cobalt mines. Intersecting meaningful cobalt veins at the Woods Vein Extension and now at the southern extent of the Keeley mine has provided important data points and insights into historic mining operations. We are learning valuable structural information in this first drill program that will be applied to an ambitious camp-wide drill program commencing in January 2018.”

Keeley 5 Results

Assays have been received from an additional nine holes from four target areas: Keeley 5 shaft area, Keeley 2, Haileybury and Frontier 1. The most significant results were in drillhole KF-KD-0005 which intersected three different cobalt veins in an area south of the historic Keeley mine and to the west of the Woods Vein (Figure 1).

Table 1. Assay Results Summary for KF-KD-0005
From To Length Co Ag Ni Cu Zn Pb
Vein m m m % g/t % % % %
Woods 75.00 80.50 5.50 0.12 109 0.03 0.02 0.06 0.20
Including 78.42 78.76 0.34 0.68 >1,000* 0.84 0.11 0.53 >1.00*
KeeleyCo #1 198.62 199.00 0.38 0.60 5 0.06 0.02 0.01 0.00
KeeleyCo #2 201.00 201.42 0.42 >1.00* 6 0.55 0.02 0.00 0.00
*Note: Over-range assays are pending for Co (1%), Ag (1000g/t), and Pb (1%)

The Keeley 5 shaft area was targeted because historic mining assays reported high values for cobalt and nickel over several metres at the 8th Level, approximately 130 metres below surface outlining another vein system west of the Woods Vein. Drillhole KF-KD-0005 targeted below a ten metre length of historic workings along the Woods vein, which was assumed to occur as a single cobalt-nickel vein (Figure 2). Assays from this hole returned two additional cobalt intercepts, the KeeleyCo#1 vein and the KeeleyCo#2 vein, suggesting more than one vein occurs in this area.

Limited workings were developed into the KeeleyCo#1 and KeeleyCo#2 veins for test mining and it is believed they were abandoned due to the low silver, high cobalt nature of the veins. A total of five drillholes targeted this area in the current drilling program. The grades in these new cobalt veins, ranging from 0.60% to 1.00% Co or greater, are consistent with other known veins in Cobalt South such as Haileybury and Frontier 1. Skudderudite is the dominant Co-mineral and niccoline is the dominant Ni-mineral; both identified in drillcore logging. Over-range assays are pending for the >1% Co value, which will be calculated with an ICP finish.

Figure 1. Bedrock geology of the Keeley-Frontier-Bellellen mines in Cobalt South area.

Similar cobalt-nickel mineralization to KF-KD-0005 has also been logged in KF-KD-0004 further south. Assays are pending for this hole, but cobalt and nickel mineralization has been identified using a portable X-Ray Fluorescence (XRF) analyzer.
Both drillholes have been surveyed using borehole electromagnetics (EM) and an in-hole response was detected in each. An off-hole response was detected in KF-KD-0004 as well, suggesting the intersections are part of a vein system developed west of the Woods Vein. Results may indicate a multiple cobalt-bearing vein system in the area. Cobalt veining is interpreted to extend to mineralization intersected further south and is open along strike to the north.
Follow-up drilling is planned for this area in January to test the cobalt vein system along strike and closer to surface.

Woods Vein

Cobalt mineralization was intersected in the Woods Vein along with high grade silver. Zinc and lead were also intersected, reflecting a broader hydrothermal system capable of transporting metals. This broader hydrothermal system was noted in previous assay results from the Woods Vein Extension, but has not been well documented by previous companies in the Cobalt Camp.

Drillhole KF-KD-0005 intersected 0.12% Co over 5.50m, including 0.68% Co over 0.34m. The 0.34m intercept also assayed at >1,000 g/t Ag, 0.84% Ni, 0.53 Zn and >1.00% Pb. Presently, results have not been received for over-range assays. Fire assay methods will be used for silver and an ICP finish for elevated Co and Pb will be completed. The Woods and Watson vein system accounted for over 80% of the production in the Cobalt South area of the Cobalt Camp.

Figure 2: East-west cross section showing KF-KD-0005 and nearby drillholes.

The intersection of the Woods Vein appears as a zone of broken core containing abundant clay material. The host rocks are highly silicified and brittle in nature so fracture easily. Core recovery was poor; as such the complete vein may not have been adequately sampled.

Other Targets

First Cobalt has completed 61 holes in its maiden drill campaign in the Canadian Cobalt Camp. The 6,366 metre diamond drilling program was designed to test vein sets mapped in outcrop in ten areas known to be cobalt-rich over a two kilometre strike length encompassing the past producing Keeley, Frontier, Haileybury and Bellellen mines. All drill holes have been geologically logged, sampled and submitted for assays and multi-element geochemistry; assay results have been returned from 17 holes, including those reported in this release.

At the Woods Vein Extension area, assays previously reported from four holes were returned with anomalous metals in separate veins including 0.83% Co and 30 g/t Ag over 0.48 metres in one hole north of the Frontier Mine (see November 2, 2017 press release).
At Frontier 1, results from five of nine holes have been received, which included a previously reported new silver-bearing vein intersected in one of the holes: 27.75 g/t Ag and 0.10% Cu over 9.53 metres (see November 2, 2017 press release). The drilholes targeted calcite stockwork veining and cobalt mineralization mapped at surface and from historic underground plans.

A total of seven holes were drilled at Haileybury. Assay results from four holes were previously reported and an additional hole has also returned no significant Co values (<0.02% Co) despite intersecting calcite veins similar to the vein exposed at surface containing Co and Ni. These results suggest the mineralizing structure here is not well developed.

At Keeley 2 in the eastern portion of the Keeley mine, assays were received from two drillholes without significant Co values.

For a table of drill hole locations and assay results to date, visit https://firstcobalt.com/….

Next Steps

The 2017 drill program was designed to test structures to learn more about vein orientations and determine the grades in the host rocks to known Ag-Co calcite veins and in the veins themselves. Cobalt had been identified near the Woods Vein and Watson Vein, the main sources of silver at the Keeley and Frontier mines, as well as recorded on historic underground mine maps, making them a logical starting point for the drill program.

All drill data, downhole geophysical surveys, bedrock geochemical surveys and interpretations from the summer-fall mapping at the Keeley-Frontier property are being incorporated into a 3D geological model for 2018 exploration work which will include a much larger drill campaign. Successful results from the Company’s electromagnetic surveys (announced December 12, 2017) have prompted testing of a new ground-based electromagnetic system to determine if the cobalt veins encountered by drilling can be detected from surface.

Recent surface sampling results including the Drummond, Juno and Silver Banner mines in Cobalt North, the Caswell mine in Cobalt Central and the Bellellen mine in Cobalt South, together with 2017 drilling assays, will be integrated into First Cobalt’s geological model to plan the 2018 drill program.

Quality Assurance and Quality Control

First Cobalt has implemented a quality-control program to comply with common industry best practices for sampling and analyses. Samples are collected from drill core from a range of 30 to 100cm length. Half-core samples are submitted for analyses. Standards and blanks are inserted every 20 samples. Duplicates are made from quarter core splits every 20 samples. Geochemical data were received from SGS Minerals laboratories in Lakefield, Ontario, Canada. No QA/QC issues have been noted. SGS Laboratories has used a sodium-peroxide fusion and ICP finish for analyses on all samples.

Qualified and Competent Person Statement

Dr. Frank Santaguida, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is also a Competent Person (as defined in the JORC Code, 2012 edition) who is a practicing member of the Association of Professional Geologists of Ontario (being a ‘Recognised Professional Organisation’ for the purposes of the ASX Listing Rules). Dr. Santaguida is employed on a full-time basis as Vice President, Exploration for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.

About First Cobalt

First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.

On behalf of First Cobalt Corp.

Trent Mell

President & Chief Executive Officer

For more information visit www.firstcobalt.com or contact:

Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891

In Europe:
Swiss Resource Capital AG – Jochen Staiger
info@resource-capital.ch – www.resource-capital.ch

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects‘, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the reliability of the historical data referenced in this press release and risks set out in First Cobalt’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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First Cobalt Reports Positive Borehole Geophysics Results

First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company” – http://www.commodity-tv.net/…) is pleased to announce positive results from a borehole geophysics program in the Canadian Cobalt Camp. An electromagnetic program successfully identified a geophysical signature associated with vein-style mineralization intersected in recent drilling as well as an off-hole anomaly, providing a new exploration tool for the Cobalt Camp.

Highlights
• In-hole and off-hole electromagnetic (EM) anomalous responses corresponding to veining have been encountered at the Woods Vein Extension and near the Keeley mine
• Off-hole anomalous results will be targeted for follow-up in the winter drill program
• Final data interpretation is nearly complete and results are being incorporated into the planning for January 2018 drilling

Trent Mell, President & Chief Executive Officer, commented:
“Borehole electromagnetics may prove to be an effective tool for quickly detecting potential mineralization in the Camp. This signature connects veining logged in drill core with anomalous EM responses measured in-holes and potentially off-holes. We will continue to use EM type surveys in other areas to expedite future exploration planning.”

First Cobalt completed tests using a borehole electromagnetic (EM) system on ten drillholes in Cobalt South that are known to have intersected vein-style mineralization. The objective of this program was to assess EM methods against known mineralized targets to validate this geophysical tool for future application in the Cobalt Camp.

EM surveys measure electrical conductivity contrast between conductive minerals containing metals such as cobalt and silver and the host rock. The system detects conductivity in rocks intersected in the drillhole, an “in-hole response,” and away from the hole, an “off-hole response,” to a distance of approximately 100 metres.

Three areas were targeted for surveying: the area known as the Woods Vein Extension, the Frontier #1 vein and an area near the Keeley mine (Figure 1). The Woods Vein Extension area was previously believed to be barren but, based on new mapping and drilling, may be the extension of the Woods-Watson vein system that accounted for over 80% of the historic production in the Cobalt South region of the Cobalt Camp.

Electromagnetic Survey Results
Results of the program were positive, with both in-hole and off-hole electromagnetic anomalous responses encountered.
Five holes were surveyed near the Keeley mine and three at the Woods Vein Extension, to the north of the Frontier mine. Three holes with known cobalt veining provided an in-hole EM response consistent with drill core logging and assay results, confirming the ability of EM to detect a geophysical signature for cobalt veins.

More significantly, surveying in one hole near the Keeley mine detected an off-hole response, indicating a potential extension of the veining recorded in the hole. Two holes drilled along the Frontier #1 vein were also surveyed to detect off-hole anomalies, but did not encounter any EM responses.

Next Steps
EM surveying has not been used extensively in the Cobalt Camp despite cobalt and silver minerals being excellent conductors. The pulse EM method which is being used is well suited for this setting. The success of this program has three implications for First Cobalt.
First, ground-based EM system testing will commence shortly to determine if the cobalt veins encountered by drilling can be detected from surface. An expanded ground EM survey over the Woods Extension area is also being considered. If the results from the borehole program can be replicated from surface, EM surveys could have a camp-wide application as a prospecting and drill hole targeting tool.
Second, the off-hole anomaly detected near Keeley will be targeted during the winter drilling program starting in January.

A third implication is the opportunity to employ EM more systematically with drill campaigns, in order to quickly identify the extension of mineralized intercepts.
Crone Geophysics, based in Mississauga, Ontario, have been contracted to conduct the surveys. Crone Geophysics develops high quality instruments and has provided leading edge surveying and consulting since 1962.

Figure 1. Bedrock geology and location of holes surveyed
Qualified and Competent Person Statement
Dr. Frank Santaguida, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is also a Competent Person (as defined in the JORC Code, 2012 edition) who is a practicing member of the Association of Professional Geologists of Ontario (being a ‘Recognised Professional Organisation’ for the purposes of the ASX Listing Rules). Dr. Santaguida is employed on a full-time basis as Vice President, Exploration for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.

About First Cobalt
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities.
On behalf of First Cobalt Corp.

Trent Mell
President & Chief Executive Officer
For more information visit www.firstcobalt.com or contact:
Heather Smiles
Investor Relations
info@firstcobalt.com
+1.416.900.3891

In Europe:
Swiss Resource Capital AG – Jochen Staiger
info@resource-capital.ch – www.resource-capital.ch

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects‘, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the reliability of the historical data referenced in this press release and risks set out in First Cobalt’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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First Cobalt und Cobalt One schließen Fusion ab

Die kanadische Kobalt-Explorationsgesellschaft First Cobalt Corp. (ISIN: CA3197021064 / TSX-V: FCC) gab den Abschluss der Fusion mit Cobalt One Limited bekannt. Für jede Cobalt One Stammaktie begab First Cobalt 0,145 eigene Aktien und wurde damit größter Landbesitzer im bekannten Cobalt Camp in Ontario. Zudem erwarb First Cobalt mit der Übernahme noch die einzige Kobaltraffinerie in Nordamerika, die sogar für die Produktion von Batteriematerialien zugelassen ist.

Aufgrund der erfolgreichen Übernahme gab es natürlich auch Veränderungen im Board of Directors, das nun durch weitere hochkarätige Companymaker aufgefüllt wird. So werden Herr Paul Matysek, Herr Robert (Bob) Cross und Herr Jason Bontempo neu in das Board berufen, wobei Bryan Slusarchuk das Board auf eigenen Wunsch hin verlässt.

Trent Mell, der Präsident und Chief Executive Officer von First Cobalt – https://www.youtube.com/watch?v=U4B_BZ-wbLk&t=10s – dankte Herrn Slusarchuk für das geleistete und wünschte ihm für seine Zukunft alles Gute, bevor er stolz verkündete, dass man in sehr kurzer Zeit das größte Kobaltexplorationsunternehmen in der Welt geschaffen hätte. Seiner Meinung nach kontrolliere man nun möglicherweise den aussichtsreichsten Kobaltbezirk außerhalb der Demokratische Republik Kongo. Man beabsichtige im kommenden Jahr ein aggressives Explorationsprogramm zu absolvieren und zudem Tests in der Kobaltraffinerie durchzuführen. Um die ehrgeizigen Ziele seiner Gesellschaft umzusetzen freue er sich sehr auf die Zusammenarbeit mit den neuen Board-Mitgliedern Paul, Bob und Jason.

Paul Matysek ist Bergbauveteran, qualifizierter Geochemiker und Geologe mit über 30 Jahren Bergbauerfahrung. Zurzeit ist er auch der Executive Chairman von LithiumX Energy und hatte in seiner Karriere schon eine Vielzahl an leitenden Positionen bei namhaften Explorations- aber auch Produktionsunternehmen inne. Zum Beispiel war Paul Präsident und CEO von Goldrock Mines Corp., die im Juli 2016 von Fortuna Silver übernommen wurden und CEO von Lithium One, die mit Galaxy Resources of Australia fusionierten. Zudem war er CEO von Potash One, die im Jahr 2011 von der hessischen K+S AG in einer freundlichen Übernahme für 434 Millionen Dollar gekauft wurden. Zudem war er der Gründer und CEO von der Energy Metals Corporation, ein Uranunternehmen, das er von einer Marktkapitalisierung von 10 Millionen Dollar auf ungefähr 1,8 Milliarden Dollar aufbaute, als es im Jahr 2007 verkauft wurde.

Das zweite neue Boardmitglied Herr Bob Cross ist Ingenieur und besitzt zudem mehr als 25 Jahre Erfahrung im Finanzwesen. Er ist ausgewiesener Experte in den Sektoren Bergbau, Öl und Gas und Absolvent der University of Waterloo (Abschluss in Ingenieurwissenschaft) und Harvard (MBA 1987). Er war zudem Mitgründer der Gesellschaft B2Gold und ist nach wie vor deren Chairman. B2Gold ist ein kostengünstiger großer Goldproduzent, der im kommenden Jahr eine Million Unzen Gold produzieren wird. Er war zudem Mitgründer und Chairman von Bankers Petroleum Ltd. und Petrodorado Energy Ltd., und bis Oktober 2007 nicht Geschäftsführender Chairman der Northern Orion Resources Inc. In den Jahren von 1996 bis 1998 war er Chairman und CEO von Yorkton Securities Inc. Davor war er von 1987 bis 1994 Partner der Investment Banking-Gesellschaft Gordon Capital Corporation in Toronto.

Herr Jason Bontempo ist Finanzexperte mit 18 Jahren Berufserfahrung, die auch die Leitung von Aktiengesellschaften, Unternehmensberatung, Investmentbanking und Buchhaltung bei Aktiengesellschaften einschließt. Er ist qualifizierter Wirtschaftsprüfer bei Ernst & Young und hat in erster Linie Unternehmen beraten und Finanzierungen bereitgestellt, aber auch Spin-outs durchgeführt. Er war ebenfalls im Board und in der Unternehmensleitung von börsennotierten Rohstoffunternehmen.

Gemäß des langfristigen Prämienlohnsystems des Unternehmens gewährte First Cobalt bestimmten Direktoren und Beratern Optionen auf 1.683.482 Stammaktien. Über einen Zeitraum von sechs Monaten können diese entsprechenden Personen die Optionen zum Preis von 1,43 CAD ausüben. Zudem gewährt First Cobalt noch 1.480.646 sogenannte Nachzugsaktien als erfolgsabhängige Aktienvergütungen. Alle gewährten Wertpapiere unterliegen der Genehmigung der TSX Venture Exchange.

Gemäß §34 WpHG weise ich darauf hin, dass JS Research oder Mitarbeiter des Unternehmens jederzeit eigene Geschäfte in den Aktien der vorgestellten Unternehmen erwerben oder veräußern (z.B. Long- oder Shortpositionen) können. Das gilt ebenso für Optionen und Derivate, die auf diesen Wertpapieren basieren. Die daraus eventuell resultierenden Transaktionen können unter Umständen den jeweiligen Aktienkurs des Unternehmens beeinflussen. Die auf den "Webseiten", dem Newsletter oder den Research-Berichten veröffentlichten Informationen, Empfehlungen, Interviews und Unternehmenspräsentationen werden von den jeweiligen Unternehmen oder Dritten (sogenannte "third parties") bezahlt. Zu den "third parties" zählen z.B. Investor Relations- und Public Relations-Unternehmen, Broker oder Investoren. JS Research oder dessen Mitarbeiter können teilweise direkt oder indirekt für die Vorbereitung, elektronische Verbreitung und andere Dienstleistungen von den besprochenen Unternehmen oder sogenannten "third parties" mit einer Aufwandsentschädigung entlohnt werden. Auch wenn wir jeden Bericht nach bestem Wissen und Gewissen erstellen, raten wir Ihnen bezüglich Ihrer Anlageentscheidungen noch weitere externe Quellen, wie z.B. Ihre Hausbank oder einen Berater Ihres Vertrauens, hinzuzuziehen. Deshalb ist auch die Haftung für Vermögensschäden, die aus der Heranziehung der hier behandelten Ausführungen für die eigenen Anlageentscheidungen möglicherweise resultieren können, kategorisch ausgeschlossen. Die Depotanteile einzelner Aktien sollten gerade bei Rohstoff- und Explorationsaktien und bei gering kapitalisierten Werten nur so viel betragen, dass auch bei einem Totalverlust das Gesamtdepot nur marginal an Wert verlieren kannBesonders Aktien mit geringer Marktkapitalisierung (sogenannte "Small Caps") und speziell Explorationswerte sowie generell alle börsennotierten Wertpapiere sind zum Teil erheblichen Schwankungen unterworfen. Die Liquidität in den Wertpapieren kann entsprechend gering sein. Bei Investments im Rohstoffsektor (Explorationsunternehmen, Rohstoffproduzenten, Unternehmen die Rohstoffprojekte entwickeln) sind unbedingt zusätzliche Risiken zu beachten. Nachfolgend einige Beispiele für gesonderte Risiken im Rohstoffsektor: Länderrisiken, Währungsschwankungen, Naturkatastrophen und Unwetter (z.B. Überschwemmungen, Stürme), Veränderungen der rechtlichen Situation (z.B. Ex- und Importverbote, Strafzölle, Verbot von Rohstoffförderung bzw. Rohstoffexploration, Verstaatlichung von Projekten), umweltrechtliche Auflagen (z.B. höhere Kosten für Umweltschutz, Benennung neuer Umweltschutzgebiete, Verbot von diversen Abbaumethoden), Schwankungen der Rohstoffpreise und erhebliche Explorationsrisiken.

Disclaimer: Alle im Bericht veröffentlichten Informationen beruhen auf sorgfältiger Recherche. Die Informationen stellen weder ein Verkaufsangebot für die besprochenen Aktien, noch eine Aufforderung zum Kauf oder Verkauf von Wertpapieren dar. Dieser Bericht gibt nur die persönliche Meinung von Jörg Schulte wieder und ist auf keinen Fall mit einer Finanzanalyse gleichzustellen. Bevor Sie irgendwelche Investments tätigen, ist eine professionelle Beratung durch ihre Bank unumgänglich. Den Ausführungen liegen Quellen zugrunde, die der Herausgeber und seine Mitarbeiter für vertrauenswürdig erachten. Für die Richtigkeit des Inhalts kann trotzdem keine Haftung übernommen werden. Für die Richtigkeit der dargestellten Charts und Daten zu den Rohstoff-, Devisen- und Aktienmärkten wird keine Gewähr übernommen. Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung: für den Inhalt, für die Richtigkeit, der Angemessenheit oder der Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung.

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