Cruz Cobalt to Evaluate Ontario Projects for Silver in the Historic Cobalt-Gowganda Silver Mining District
Cruz Cobalt Corp.
Suite 2905 – 700 West Georgia Street
Vancouver, BC V7Y 1C6
Cruz Cobalt to Evaluate Ontario Projects for Silver in the Historic Cobalt-
Gowganda Silver Mining District
February 01, 2021 – Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF)
(FSE: A2DMG8) (“Cruz” or the “Company”) wishes to announce that the
Company is planning to commence operations on its silver-cobalt projects in one of
the most prolific silver camps on earth. Cruz is one of the largest landholders in the
historic silver-cobalt producing region of Cobalt, Ontario, with five separate projects
is this world-famous silver-cobalt camp. The Cobalt-Gowganda Silver mining area
has seen over 600 million troy ounces of silver and 50 million pounds of cobalt
produced from approximately 104 different mining operations in the area since the
first silver vein was discovered in 1903. 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.
Cruz’s Ontario Silver-Cobalt Properties
James Nelson, President of Cruz states, “We are planning to reevaluate our large
land package to focus on the silver potential and not just cobalt. There has been a
significant global focus on silver recently, sending prices to near 5-year highs. Cruz
has a large land package in one of the most historically prolific silver camps on earth
and we plan to reevaluate this land package for silver prospects as well as cobalt. To
have such a large footprint in one of the highest-grade silver districts on earth while
on the cusp of a major bull market in silver is fortuitous at a time when not only is
the price of silver seeing an upsurge, but the cobalt and battery metal market is
garnering significant attention as well. Our long-term growth objectives lie with the
battery metals sector, but it makes perfect sense to investigate our five projects for
silver potential at this time as well. We look forward to the resurgence of one of
Canada's most prolific silver districts and establishing Cruz as a premier participant
in the silver industry. Cruz is well funded with approximately $1.5 million in the
treasury, including flow-through funds, which enables the Company to start
operations shortly and look forward to continuing with the momentum 2021 has
already seen.”
The technical contents of this release were approved by Greg Thomson, PGeo, a
qualified person as defined by National Instrument 43-101.
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.