Proactive Investors - Run By Investors For Investors

International Cobalt acquires new project in Idaho

The JA project sits in a geological trend, which is prospective for cobalt and gold mineralization
Cobalt symbol
The firm has staked a new project in the cobalt region of Idaho

International Cobalt Corp (CNSX:CO) told investors it had acquired, via staking, a new project in the cobalt region of Lemhi County in Idaho, USA.

The JA project sits in a geological trend, which is prospective for cobalt and gold mineralization in the area of the Idaho Cobalt Belt (ICB), the firm said.

READ: International Cobalt on the hunt for more potential acquisitions

Idaho is a region that has seen a strong mining recovery in the last ten years. Behemoth Barrick recently invested US$38 million into the Stibnite Gold Project in Idaho, and others such as Revival Gold, Otis Gold and Integra Resources are advancing major gold projects.

At JA, International Cobalt reckons that the 15 km long “Jackass Zone” parallels the over-simplified trend of the ICB, where some researchers have connected the historical Blackbird mine, the Blackpine prospect and the Iron Creek deposit with a straight line to create the ICB.

Geologically, JA  has the potential to host gold mineralization that is similar to other deposits located along the Panther Creek graben within the major northeast-trending Trans-Challis Structural Zone (TCSZ) (known as the Great Falls Tectonic Zone in Montana).

The TCSZ is about 260 kilometres long and gold deposits associated with the TCSZ include the Beartrack gold deposit, the historical Yellowjacket gold mines, the historical Grouse Creek gold mines, the Humbug gold prospect and other past producers to the northeast and southwest.

Also in today's statement, the firm said it had given notice to the vendor of the Ramsay Cobalt project, SLAM Exploration Ltd. of its plans to terminate the option agreement and return the property.

Contact Giles at [email protected]

Follow him on Twitter @Gile74

View full CO profile View Profile

International Cobalt Corp Timeline

Related Articles

xcvvxvcxvcxvxcvcxvcx
May 15 2019
The flagship asset is the Blackbird Creek project, at drill-ready status, just 15 miles southeast of eCobalt's Idaho cobalt project
cobalt
June 07 2019
Global Energy Metals has in-depth expertise in battery metals, a diverse portfolio of assets and has a compelling future with projects in Australia, Nevada and Ontario
Cobalt project
March 22 2019
The company says its goal is to discover and develop world-class assets to meet the growing demand for cobalt

© 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