The market was fascinated with the headlines in the announcements of the results of 2 holes.
But the market missed the appendix that
4 holes were drilled #1 and #4 were cut short and diamond cores sent down and deep.
#2 drill hole provided hints of a
motherload of Cobalt with very high grades. They will be targeting the
depth of this rich Cobalt zone which is still to be defined.
Very early days, the
Cobalt Ridge prospects seems to be a primary cobalt play rather than a by product of other commodities.
Really keen to see the diamond core results and how deep these drills are going down to...
0.3% Cobalt is the industry average grade of Cobalt deposits/prospects. Take a look at the below table and you will understand what I am referring to, those are
very very high grades. Is there a motherlode?, we will see as management pivoted to diamond cores asap.
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