Global Cobalt Corp. (TSXV:GCO) released the latest assay results from its Winter 2013 drill program at the Karakul Cobalt Project. Results continue to confirm historic drilling, with results suggesting a metallogenic zonation within the deposit.
As quoted in the press release:
The 2013 drill program results correlate very well with historic 2006 and Soviet-era drilling and more importantly demonstrates the potential for the deposit to extend historically known zones at depth. In addition, the program results suggest a metallogenic zonation within the deposit, whereby the Eastern Zone is more cobalt dominant and the Western Zone has several zones of copper, bismuth, tungsten and silver enrichment accompanying the cobalt mineralisation potentially providing further opportunities in enhancing the value of the deposit. Recognizing the opportunity to better understand and further expand a resource at Karakul, the Company will look to initiate a follow-up drill campaign to test this exciting depth extension in the spring.
Global Cobalt VP Exploration, Paul Sarjeant, said:
We truly have only scratched the surface at Karakul. The system is exposed over a strike length of over 2.5 kilometres, with the deepest historic intercept to date intersecting good mineralisation approximately 450 metres below surface in the Western Zone. Our current program has in fact only tested portions of the Western Zone to just over 200 metres in depth and the Eastern Zone to only 70 metres. The potential to grow the deposit remains very good and we look forward to the next phase of our exploration program.