First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Notes Initial Resource Estimates at Iron Creek Project ‘Exceed Expectations’
Results showed inferred mineral resources of 29.6 million tons grading 0.11 percent cobalt equivalent (0.08 percent cobalt and 0.30 percent copper) under a base case scenario pit constrained and deeper mineral resource Initial resource estimate reports 45 million pounds of cobalt and 175 million pounds of copper for 62.9 million pounds of cobalt equivalent on Iron Creek site Independent geologic and engineering consultant firm Mine Development Associates prepared resource estimate, concluding that Iron Creek cobalt and copper project is “of merit, requiring further exploration” Global demand for cobalt, a key material used in batteries for electric vehicles, smartphones and other…