Proactive Investors - Run By Investors For Investors

MetalsTech reveals high-grade cobalt samples in Ontario, Canada

The Bay Lake Cobalt Project is located near the historical Cobalt Mining Camp.
MetalsTech reveals high-grade cobalt samples in Ontario, Canada
MetalsTech is also planning a maiden drilling campaign at Bay Lake

MetalsTech’s (ASX:MTC) sampling program has confirmed the presence of high grade cobalt mineralisation at its Bay Lake Cobalt Project in Ontario, Canada.

Bay Lake is located 10 kilometres southwest of the historical Cobalt Mining Camp in the Cobalt Township on the eastern shore of Bay Lake in Coleman Township.

Significant results from the program includes:

- 1.17% cobalt and 7.7 g/t silver recovered from a surface “dump” pile at the Van Chester (Last Chance) Prospect;
- 0.40% cobalt recovered at the historic Price Prospect exploration pit where historic sampling of a surface “dump” pile returned 2.14% cobalt and 1,740 g/t silver;
- 0.61%, 0.34% and 0.15% cobalt were recovered surrounding the historic Bay Lake exploration shaft where earlier in-vein sampling of the cobaltite vein below the ground assayed 15.36% cobalt; and
- 3.45 g/t gold and 44.5 g/t silver also recovered around the Bay Lake exploration shaft and pit suggesting the potential for copper-silver-gold in the area.

The results from MetalsTech’s recent field program has confirmed the potential for both high grade cobalt hosted within calcite veins as well as disseminated cobalt bearing mineralisation at surface.

The next stage of development includes the final interpretation of recent magnetic surveys before commencing a follow-up field program and the company’s maiden drilling campaign.

View full MTC profile View Profile

MetalsTech Ltd Timeline

Related Articles

Drilling equipment on a Yandal site last year in 2018
January 10 2019
The ASX newcomer is backed by Northern Star Resources which holds a 15% stake.
The central processing plant for Lance Uranium Projects
March 26 2019
The Australian USA-uranium producer is targeting lower cost extraction methods at its project.
1533661405_Alvito2.jpg
August 08 2018
The company recently drilled 18 holes, totaling 2,437.5 metres in eight separate prospect areas at its Alvito Iron Oxide Copper-Gold (IOCG) project

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use