Cruz Cobalt Engages Apex Geoscience for Planned Drill/Work Programs
Cruz Cobalt Corp.
Suite 2905 – 700 West Georgia Street
Vancouver, BC V7Y 1C6
Cruz Cobalt Engages Apex Geoscience for Planned Drill/Work Programs
June 10, 2021 – Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE:
A2DMG8) (“Cruz” or the “Company”) is pleased to announce that it has engaged
APEX Geoscience Ltd., based out of Edmonton, Alberta to assist in the Company’s
upcoming planned drill/work programs in 2021.
Cruz is one of the largest landholders in the historic silver-cobalt producing region
of Cobalt, Ontario, with five separate projects in the world-famous silver-cobalt
camp. Cruz’s projects are in the direct vicinity of First Cobalt Corp. (TSX.V-FCC).
On Dec. 22, 2020, the government of Canada and the government of Ontario
announced a joint $10-million investment in the First Cobalt Corp. refinery in
Cobalt, Ontario. Once operational, this refinery will be North Americ a's only
producer of cobalt sulphate for the electric vehicle (EV) market. Cruz’s Ontario
properties are in the direct vicinity to First Cobalt Corp.’s cobalt refinery (see map
below).
Jim Nelson, President of Cruz states, “We are pleased to have engaged Apex for our
upcoming drill/work programs at a time when we have seen a significant surge of
global investor interest into the battery metals sector as the demand for electric
vehicles continues to rise at an unprecedented rate. Cruz is in a unique position to
potentially capitalize on both our cobalt and lithium assets. Not only does Cruz have
cobalt projects in Ontario & Idaho, we also have a lithium project in the Clayton
Valley of Nevada, being one of the few companies that has access to the deepest
parts of the only lithium brine basin in production in North America (see map
below). Recently, energy behemoth Schlumberger (SLB-NYSE), through its
strategic partnership with Pure Energy Ltd. (PE-TSX.v), is building a lithium brine
pilot plant with approximately $30 million USD being spent in developments,
directly bordering Cruz’s Clayton Valley lithium project. Cruz currently has
approximately $1.5 million in the treasury, including flow-through funds, which
enables the Company to start operations immediately. We are about to come into a
major news flow cycle and management remains confident that 2021 will be a
transformative year for the Company as Cruz has multiple strategically located, and
ethically sourced, cobalt and lithium projects in North America."
Cruz’s Ontario Silver-Cobalt Properties
The technical contents of this release were approved by Greg Thomson, PGeo, a
qualified person as defined by National Instrument 43-101. Cruz Management
cautions that past results or discoveries on properties in proximity to Cruz may not
necessarily be indicative of the presence of mineralization on the Company’s
properties.
About Cruz Cobalt
Cruz currently has twelve projects located throughout North America, comprising
five in Ontario, four in British Columbia, two in Idaho, and one in Nevada. Cruz’s
five separate Ontario projects are all located in the vicinity of the town of Cobalt,
making Cruz one of the largest landholders in this historic silver-cobalt producing
district. Cruz’s Ontario projects, which are prospective for Cobalt, diamonds and
silver include the 1,525-acre Coleman cobalt project, the 988-acre Johnson cobalt
project, the 6,146-acre Hector cobalt project, the 1,458-acre Bucke cobalt project
and the 1,453-acre Lorraine cobalt project. The company’s BC projects include the
1,542-acre War Eagle cobalt project, the 2,552-acre Larry diamond project, the
5,572-acre Jax diamond project, and the 1,529-acre Mark diamond project. Cruz’s
USA projects include the 2,211-acre ‘Idaho Cobalt Belt Project’, the and the 80-acre
‘Idaho Star Cobalt Prospect’, and the 240-acre ‘Clayton Valley Lithium Prospect’ in
Nevada. Management cautions that past results or discoveries on properties in
proximity to Cruz may not necessarily be indicative of the presence of mineralization
on the Company’s properties.
If you would like to be added to Cruz's news distribution list, please send your email
address to [email protected]
Cruz Cobalt Corp.
“James Nelson”
James Nelson
President, Chief Executive Officer, Secretary and Director
For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
W: www.cruzcobaltcorp.com
Twitter: @CruzCobalt
Neither the CSE nor its Regulation Services Provider (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or accuracy of this
release.