Global Cobalt Corp. (TSXV:GCO) reported that assay results from the first 7 of 45 holes at the Karakul Cobalt Project confirmed the historic drill data and provided a significant level of confidence in this important cobalt project.
As quoted in the press release:
Drill assay results confirm and correlate very well with historic data for twinned Russian and Soviet-era drill holes
New silver, tungsten, copper and bismuth results were returned which could increase metal content in the modelling
New intersections of previously unknown zones indicates potential for increase in size of the mineralization in the project
Assays on further holes designed for from infill and extension results are pending
Global Cobalt President & CEO, Erin Chutter, said:
These are the assay results for which we have been waiting. These results overall correlate very well with, and verify historic Soviet-era drill hole results and more importantly confirm the validity of the Karakul Cobalt Project, but also include new discovery of zones and new returns of silver and tungsten values. We expect to receive additional assay results from the latest samples in the coming weeks which will further the understanding of the scope for the deposit and prepare us for a NI 43-101 resource report on this exciting project.