Global Cobalt Corp. (TSXV:GCO) announced additional assay results from the drilling program at the Karakul Cobalt Project in Russia. Results showed that new intersections of previously unknown zones at depth appear to show strong grades and indicate the deposit remains open to depth.
As quoted in the press release:
- Company drills highest grade intercept to date in Hole #199: 3.3m of 0.909% Cobalt (Co) 3.06% Copper (Cu), 0.378% Bismuth (Bi), 0.874% Tungsten (WO3) & 52.433g/t Silver (Ag).
- New intersections of previously unknown zones at depth appear to show strong grades and indicate the deposit remains open to depth
- Assay results show continuity of the mineralised zone, confirm the presence of mineralisation as predicted and are consistent with data from previous Soviet-era and Russian work programs
- Assays on further holes designed for infill and extension results to be released once the data is received and interpreted by the Company
Global Cobalt VP Exploration, Paul Sarjeant, said:
Assay results from the latest drilling supported visual characterisation of sulphide mineralization. The holes released show strong continuity between holes from both historic and the current program. Results to date support our interpretation that mineralised zones overall remain open and in some cases, show stronger width and grade values at depth. This is very positive and we are encouraged by the potential of the Karakul system.