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Primary Cobalt - CSE:PRIM, www.primarycobalt.com

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4 months 2 days ago #120748 by alexgreat
alexgreat replied the topic: Primary Cobalt - CSE:PRIM, www.primarycobalt.com
Count me in, here is this weeks press release

2018-06-13 10:36 ET - News Release


Mr. Patrick Morris reports

PRIMARY COBALT CORP. INITIATES FIELD PROGRAM ON ITS RD COBALT PROPERTY AND BEGINS PERMITTING FOR AUTUMN DRILL PROGRAM

Primary Cobalt Corp. will mobilize field crews to its RD cobalt property within the next several days. The property is located within northwest British Columbia (near the community of Hazelton) and has excellent infrastructure, including proximity to major highways, rail and power.

Field crews from Dahrouge Geological Consulting Ltd. will mobilize to site for an approximate 14-day exploration program that will focus on detailed mapping and sampling of the Golden Wonder showing on the RD property, which returned promising results from the 2017 exploration program. The objectives of the field program will be to further assess the mineralization previously identified in the area and collect sufficient information for a drill program scheduled for the third quarter of 2018. Permitting for the drill program is under way.

An initial ground program was completed in 2017, with much of the work focusing on the Golden Wonder showing. Ninety-five rock samples and 19 stream pan concentrate samples were collected from the property to confirm historic assays and guide in development of potential exploration targets. Sample highlights from the Golden Wonder area included anomalous gold, copper and cobalt across more than 400 metres of strike length and are as follows:

122365 -- 15.20 g/t (grams per tonne) gold, 77.20 g/t silver, 0.09 per cent cobalt, 4.95 per cent copper, massive sulphide;
122368 -- 17.80 g/t Au, mudstone, rusty;
122427 -- 8.75 g/t Au, 0.53 per cent Co, 0.53 per cent Cu (siltstone float);
122428 -- 1.69 g/t Au, 0.05 per cent Co, 0.55 per cent Cu (siltstone).
The high grades of Au, Cu and Co, and style of mineralization observed at Golden Wonder are suggestive of a Besshi-type massive sulphide occurrence similar to the Windy Craggy deposit in northwestern British Columbia. Management cautions that past results or comparison with similar properties (such as Windy Craggy) may not necessarily be indicative to the presence of mineralization on the company's properties (such as the RD cobalt property).

RD cobalt property

The RD cobalt property comprises five contiguous mineral claims that cover an area of approximately 7,327 hectares. The property is approximately one kilometre south of the Yellowhead Highway, a major interprovincial highway in Western Canada. The west end of the property (the Golden Wonder area) can be reached by a gravel road that links to Highway 16 (southwest of Sealey Lake Provincial Park). ATV (all-terrain vehicle) trails run west from this road north (for about 1,400 metres) and south (for about 1,100 metres) of Denys Lake. The northern section of the property is mostly accessible from Highway 16 by ATV along trails or by foot.

The property encompasses several historic copper, gold and cobalt mineral showings, including Golden Wonder, Daley West, Hecla, Black Prince, Blue Lake and Silvertip Glacier. The Golden Wonder showing has received the most attention historically, with exploration work recorded as early as 1912.

The exploration target is a Besshi-type massive sulphide occurrence similar to the Windy Craggy deposit in northwest British Columbia, which remains one of the largest undeveloped deposits for copper, gold and cobalt worldwide.

The technical information contained in this news release has been reviewed and approved by Patrick Kluczny, BSc, PGeol, who is a qualified person as defined under National Instrument 43-101.

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4 months 2 days ago #120744 by lynnsa10
lynnsa10 replied the topic: Primary Cobalt - CSE:PRIM, www.primarycobalt.com
I added to my position yesterday, what a bargain

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4 months 3 days ago #120743 by DearJohn
DearJohn replied the topic: Primary Cobalt - CSE:PRIM, www.primarycobalt.com
I have not bought any yet but next stock on my buy list, hope it stays down another couple days

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4 months 3 days ago #120737 by GoldnBoy
GoldnBoy replied the topic: Primary Cobalt - CSE:PRIM, www.primarycobalt.com
I bought a small position, but am thinking of adding to it, as you say very cheap here

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4 months 3 days ago #120734 by Gambler
Gambler replied the topic: Primary Cobalt - CSE:PRIM, www.primarycobalt.com
Thanks for starting a topic. I bought a position, can't believe how cheap it is at 6 cents $1.2M market cap

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4 months 3 days ago #120732 by RonS
RonS created the topic: Primary Cobalt - CSE:PRIM, www.primarycobalt.com
Primary is a new Cobalt play that completed a 10 cent IPO through Haywood in May 2018

The company has a seasoned management team with strong technical members, including in Spain with partner ExconMining where they have optioned four, copper/cobalt and vanadium properties.

They have also acquired the 7,327 hectare RD cobalt property near Hazelton in BC's Golden Triangle

Sample highlights from the Golden Wonder area at RD from 2017 included anomalous gold, copper and cobalt across more than 400 metres of strike length and are as follows:

122365 -- 15.20 g/t (grams per tonne) gold, 77.20 g/t silver, 0.09 per cent cobalt, 4.95 per cent copper, massive sulphide;
122368 -- 17.80 g/t Au, mudstone, rusty;
122427 -- 8.75 g/t Au, 0.53 per cent Co, 0.53 per cent Cu (siltstone float);
122428 -- 1.69 g/t Au, 0.05 per cent Co, 0.55 per cent Cu (siltstone).

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