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International Cobalt on the hunt for more potential acquisitions

The Vancouver-based company is a mineral explorer focused on the Blackbird Creek project in Idaho, and the Ramsay Cobalt, Foster Marshall and Mount Thom properties in Canada

Investors pouring over financial reports
International Cobalt published its results for the year to September 30

International Cobalt Corp (CNSX:CO) told investors it continues to look for potential acquisitions of deposits in Canada and the US as it posted results for the year to September 30.

The Vancouver-based company is a mineral explorer focused on the Blackbird Creek project in Idaho, and the Ramsay Cobalt, Foster Marshall and Mount Thom properties in Canada.

READ: International Cobalt completes drilling tests for cobalt and copper mineralization in New Brunswick

Last month, it announced the completion of a 2,100-meter diamond drilling program to test for cobalt and copper mineralization at the company's Ramsay project in New Brunswick.

The first six holes all had hit mineralized intervals visually consistent with core descriptions reported in 2004 from the nearby Malachite zone.

The 8,000-hectare (20,000-acre) Ramsay project is at the Bathurst mining camp in northern New Brunswick, straddling Highway 180, locally known as the "Road to Resources".

"The company continues to evaluate mineral properties and is focused on deposits in Canada and the United States. Properties with economic merit and good logistics will be considered for acquisition," it said in the results statement.

Contact Giles at [email protected]

Follow him on Twitter @Gile74 

Quick facts: International Cobalt Corp

Price: 0.015 CAD

CSE:CO
Market: CSE
Market Cap: $2.81 m
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