logo-loader
viewInternational Cobalt Corp

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

Quick facts: International Cobalt Corp

Price: 0.015 CAD

CSE:CO
Market: CSE
Market Cap: $2.81 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...

In exchange for publishing services rendered by the Company on behalf of International Cobalt Corp named herein, including the promotion by the Company of International Cobalt Corp in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read