First Cobalt Corp. has increased the size of its land position surrounding its Iron Creek Project in Idaho, USA, by more than 100%. By acquiring mining claims to the west of its existing cobalt-copper project, the company expanded its land package to more than 1,600 hectares.
Located in the Idaho Cobalt Belt, the Iron Creek Project is one of the few primary cobalt deposits in the world. The resource remains open westward along strike and down-dip and to date cobalt-copper mineralization has been defined over a 900-meter (m) strike extent.
Drilling at the western portion of the Iron Creek resource intersected higher grade copper mineralization along with typical cobalt mineralization at depth. The geophysical signature of cobalt-copper mineralization at Iron Creek has been traced west toward the West Fork Property, highlighting further potential. The geophysical surveys will be conducted at the West Fork property to test for cobalt and copper mineralization extensions.
“We believe that the Idaho Cobalt Belt is America’s best opportunity to develop a domestic supply of this critical mineral, which is essential to national and economic security,” President and CEO Trent Mell said. “As we developed our plans for summer exploration and drilling at Iron Creek, the newly acquired property was deemed strategic to our quest to materially increase the size of the Iron Creek Project, both through extensions along strike and the potential for new deposits in a favorable geologic setting.”
