Cruz Cobalt applies for Coleman drill permit
2017-07-07 06:43 ET – News Release
Mr. James Nelson reports
CRUZ COBALT APPLIES FOR COLEMAN DRILL PERMIT NEAR THE TOWN OF COBALT, ONTARIO
Cruz Cobalt Corp. has applied for a drill permit to cover the Coleman cobalt prospect in the direct vicinity of the town of Cobalt, Ont. This permit will cover the activities of mechanized drilling, mechanized stripping, the pitting and trenching of bedrock, and line cutting.
Recently, Cruz engaged Aaron Powell PLLC (AP) to oversee a work program on Cruz’s 100-per-cent-owned Chicken Hawk cobalt prospect in Montana and the Idaho Star cobalt prospect in Idaho.
Cruz president, James Nelson, stated: “This now makes four separate work permits surrounding the town of Cobalt that we have recently applied for. Cruz is one of the single largest landholders in this exploding cobalt district. Recently we have seen an attempt to try to consolidate the district. As this consolidation continues we feel that being one of the single largest landholders, and acquiring our claims well over a year ago, before most were looking in the area, puts Cruz in an opportunistic position going forward. Cruz is expecting to perform work programs on multiple projects in Ontario, Idaho and Montana making Cruz one of the most active junior cobalt companies in the second half of 2017, at a time when cobalt prices are trading at nine-year highs.”
Cruz currently has nine cobalt projects located throughout North America, comprising of four in Ontario, three in British Columbia, one in Idaho and one in Montana. Cruz’s four separate Ontario cobalt prospects are all located in the vicinity of the town of Cobalt, making Cruz one of the largest landholders in this emerging cobalt district. Cruz’s Ontario projects include the 900-acre Coleman cobalt prospect, the 900-acre Johnson cobalt prospect, the 5,500-acre Hector cobalt prospect and the 1,480-acre Bucke cobalt prospect. The company’s 4,935-acre War Eagle cobalt prospect in British Columbia covers a past-producing mine.
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