Test Pit Results Confirm Near Surface High‐Grade Nickel/Cobalt Mineralization
Test Pit Results Confirm Near Surface High‐Grade Nickel/Cobalt Mineralization
Highlights:
Sample intervals include; 5 metres of 1.80% and 6 metres of 1.53% nickel equivalent (NiEQ)
All test pits from surface to maximum depth of 6 metres
Sampling consistently confirming elevated nickel and cobalt values
Vancouver, B.C. – June 20, 2019 – Pacific Rim Cobalt Corp. (the “Company” or “Pacific Rim Cobalt”) (CSE:
BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE) is pleased to announce test pit results from ongoing exploration
at its flagship Cyclops, nickel/cobalt development project, Indonesia. The test pits are part of a 2019 multi‐
faceted program aimed at confirming historical results and providing mineralized material for process
testing studies.
A total of 9 shallow test pits were completed coincident with a reas of recent drilling in order to provide
bulk samples for metallurgical testing as well as, confirm intersections in the near surface zone, and clarify
the distribution and profile of the of high‐grade source laterite zone.
Test pits ranged in depth from 1.7m to 6m.
Results confirm elevated nickel coincides with widespread devel opment of green colored hydrous nickel
magnesium silicates (garnierite) and is indicator of high‐grade mineralization.
Significant elevated cobalt values are present from surface to shallow depths in iron rich limonite and
transition zones and is developed as a continuous horizon between drill holes.
Test Pit Assay Results:
From (m) To (m) Length (m) Nic kel (%) Cobalt (%) NiEQ (%)
TP 200 0 5 5 0.99 0.14 1.38
And 5 6 1 2.40 0.10 2.70
TP 219 0 4 4 0.82 0.14 1.21
And 4 6 2 1.75 0.13 2.11
TP 201 0 3 3 1.15 0.14 1.54
And 3 6 3 1.81 0.01 1.81
TP 466 0 2 2 1.39 0.20 1.94
And 2 5 3 1.40 0.01 1.44
Including 2 4 2 1.65 0.03 1.72
TP 220 0 6 6 1.00 0.20 1.53
TP 203 0 2 2 0.88 0.12 1.22
And 2 3 1 1.20 0.10 1.44
TP 203B 0 5 5 1.36 0.16 1.80
TP 222 0 3 3 1.05 0.13 1.42
And 3 6 3 1.61 0.05 1.74
Including 3 5 2 1.67 0.05 1.79
TP 202 0 1.7 1.7 0.60 0.10 0.80
TP 221 0 1 1 0.60 0.10 0.82
And 1 1.7 0.7 1.60 0.10 1.78
NiEQ
calculation basis: cobalt price per 3 months (LME data) $34.25/kg; nickel price per 3 months (LME data) $12.45/kgC =
ratio between cobalt price/nickel price; C = $34.25/$12.45 = $2.75; NiEQ = (%Co x C) + % Ni. No metallurgical recoveries
were applied to either metal as it is expected that the metallurgical recoveries will be similar for both metals
The Cyclops Project area located in Papua Province, Indonesia, benefits from excellent infrastructure,
including proximity to a work force and supplies, sealed roads, ocean access, nearby port facility, and gentle
topography. The road system enables year‐round access to the project and connects it with the large town
of Sentani, located about 15 kilometres (km) to the east, and with Jayapura, the capital city of Papua
province, located about 40 kms to the east.
Sample Processing
All sample results discussed in the press release are JORC comp liant with all protocols in place. Assaying
was completed at the Geo Assay Laboratory ‐ PT. Geoservices, Cikarang, Jakarta. The Geo Assay Laboratory
analysed the samples using the XRF fusion method. PT Geoservice s Ltd ‐ Geo Assay Laboratory employed
industry standard internal QA/QC methods that Pacific Rim Cobalt reviewed and found acceptable.
National Instrument 43‐101 Disclosure
The technical content of this news release has been reviewed and approved by Mr. Garry Clark, PGeo,
independent director of Pacific Rim Cobalt and a Qualified Pers on as defined by National Instrument 43‐
101.
About Pacific Rim Cobalt
Pacific Rim Cobalt is a Canadian‐based exploration company focu sed on the acquisition and development
of production grade nickel and cobalt deposits, key raw material inputs for the growing lithium‐ion battery
industry. Visit https://pacificrimcobalt.com/ to find out more.
Pacific Rim Cobalt Corp.
Ranjeet Sundher – President and CEO
(604) 922‐8272
Steve Vanry – CFO & Director
(604) 922‐8272
Sean Bromley – Director & Investor Contact
(778) 985‐8934
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