The results featured 4.3 metres at 1% cobalt and 15 g/t gold.
The first hole has only tested the upper portion of the mineralised target with multiple zones of massive sulphide (cobalt-gold) mineralisation identified.
Drilling will continue in the second quarter of 2018.
Results consistent with historical drilling
The Little Gem Project was discovered in the 1930’s by prospectors identifying a pink cobalt-bloom on weathered mineralisation that led to three adits being developed.
Assay results of up to 1.8 metres at 2.4% cobalt and 112 g/t gold were recorded, pointing to some correlation with current data.
The Little Gem Project covers a large landholding with 48 kilometres of untested strike potential.
It is also located less than 15 kilometres along strike from the Bralorne-Pioneer mining complex which has an endowment of 4.4 million ounces at 17 g/t gold.