logo-loader
viewMetalsTech Ltd

MetalsTech reveals high-grade cobalt samples in Ontario, Canada

The Bay Lake Cobalt Project is located near the historical Cobalt Mining Camp.

ontario.jpg
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.

Quick facts: MetalsTech Ltd

Price: 0.017 AUD

ASX:MTC
Market: ASX
Market Cap: $1.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Highfield Resources advancing flagship potash project towards construction phase

Highfield Resources Ltd's (ASX:HFR) Peter Albert updates Proactive Lonodn's Andrew Scott on latest developments at its flagship Muga Potash Project in Spain. Muga’s ore reserve now consists of 108.7 million tonnes of proved and probable reserves at 10.2% potash for a 27-year life of...

13 hours, 30 minutes ago

RNS

Holding(s) in Company

1 day, 6 hours ago

Holding(s) in Company

1 day, 6 hours ago

Holding(s) in Company

3 weeks, 1 day ago

Holding(s) in Company

3 weeks, 1 day ago

Total voting rights

3 weeks, 2 days ago

Director Declaration

3 weeks, 6 days ago

2 min read