Edison Cobalt Completes 2018 Exploration Program on the Kittson-Cobalt Project
Edison Cobalt Completes 2018 Exploration Program on
the Kittson-Cobalt Project
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2019) -
Edison Cobalt Corp
(TSXV:
EDDY
)
(
"
Edison Cobalt
"
or
the "
Company
") is pleased to announce the completion of their summer-fall exploration program on their Kittson-Cobalt Project,
located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. The program ran from June to October and consisted of
extensive geological mapping, prospecting, soil sampling and diamond drilling which is summarized in this release.
A total of 360 prospecting samples were collected during this program, highlights (>1% Cobalt) are listed in Table 1 below.
These included the first prospecting samples collected from the recently acquired historic Edison mine (see News Release May
30
th
, 2018) which returned
up to 6.13 % cobalt
(see News Releases September 11
th
and 25
th
, 2018).
A new zone, North
Kittson was also discovered approximately 500 meters north of the historic Kittson mine with prospecting samples returning
up
to 2.18 % cobalt
and significantly
up to 7.83 g/t gold
(see New Release October 2
nd
, 2018).
Geological mapping also confirmed that the Shakt-Davis and Edison mines are hosted on the same east-west trending fracture
zone and this that fracture zones extends for >1.5 kilometers. A full 34 % of the prospecting samples collected along this fracture
retuned >0.1 % cobalt and 16 % returned >1 % cobalt (see New Release September 25
th
, 2018).
Table 1.
Prospecting Highlights from the Summer-Fall program (samples >1% cobalt).
Sample Number
Zone
Material
Co wt. %
Au g/t
Ag g/t
Cu wt. %
Ni wt. %
469011
Edison Mine
Waste Pile
2.36
0.35
10.3
0.08
1.39
469012
Edison Mine
Waste Pile
6.13
0.17
0.9
0.01
2.22
469014
Edison Mine
Waste Pile
2.09
0.00
0.1
0.00
0.13
469016
Edison Mine
Waste Pile
1.02
0.01
0.1
0.00
0.07
760023
Edison Mine
Waste Pile
2.45
0.02
0.9
0.03
0.17
760064
Edison Mine
Waste Pile
2.90
0.00
0.3
0.00
0.09
760067
Edison Mine
Waste Pile
1.69
0.00
0.4
0.00
0.07
760073
Edison Mine
Waste Pile
1.02
0.00
1.3
0.00
0.06
760104
Edison Mine
Outcrop
1.24
0.01
1.7
0.01
0.07
760114
Edison Mine
Outcrop
5.79
0.18
0.9
0.00
1.99
760157
Edison Mine
Waste Pile
1.06
0.01
1.3
0.22
0.09
760162
Edison Mine
Waste Pile
4.10
0.01
0.6
0.00
0.17
760165
Edison Mine
Waste Pile
1.15
0.01
0.1
0.00
0.10
760085
North Kittson
Waste Pile
2.18
0.22
3.2
0.04
0.28
760087
North Kittson
Waste Pile
1.05
0.04
0.6
0.03
0.14
760094
North Kittson
Waste Pile
1.47
0.03
0.8
0.00
0.11
760287
North Kittson
Waste Pile
1.12
0.08
1.0
0.10
0.16
*Previously reported (see New Releases September 11
th
and 25
th
2018)
A total of 2,620 metres (21 holes) were completed during the program. This drilling represented the first exploration on the
historic Edison mine in over 100 years. Highlights include
0.34% cobalt over 2.65 metres including 0.98% cobalt over 0.35
meters
in hole ED-18-010
(see News Release October 23
rd
, 2018) and
0.46% cobalt over 2.05 meters
in hole ED-18-015
(see News Release January 14, 2019).
The drill program successfully intersected the fracture zone that hosts the Edison mine mineralization. The fracture zone was
much wider than was observed at surface, ranging from 7 to 30 metres wide (drilled core length) hosting several 0.1 - 2.0 metre
quartz-carbonate veins surrounded by intense carbonate alteration. Fracture and vein controlled cobalt mineralization in the form
of smaltite and erythrite (cobalt bloom) occurred throughout this zone with values as high as
1.24% Cobalt over 0.35 meters
.
Highlights from the program are provided in Table 2 below. Drill hole location map, an isometric view and cross sections are
shown here.
(Click here to view Maps and Figures from 2018)
Commenting on the Summer-Fall program, Neil Pettigrew, President and CEO said: "
The recent exploration program was
highly successful. A new zone, North Kittson was discovered and the results from the Edison mine represent the first
exploration in over 100 years on this property. Planning is currently underway for a winter drill program to follow up on the
2018 results from both Shakt-Davis and Edison mines
"
Table 2.
Diamond Drilling Highlights from 2018 Summer-Fall Exploration Program.
Hole Number
From (Metres)
To (Meters)
Width (Meters)
Co wt. %
Au g/t
Ag g/t
Cu wt.%
Ni wt. %
ED-18-010
73.50
78.15
4.65
0.20
0.013
1.2
0.007
0.032
Including
74.50
77.15
2.65
0.34
0.337
1.5
0.008
0.050
Including
74.50
74.85
0.35
0.98
0.015
1.5
0.026
0.123
ED-18-012
144.35
147.00
2.65
0.27
0.000
2.1
0.014
0.022
Including
145.35
145.70
0.35
1.24
0.000
11.4
0.007
0.113
And
156.00
156.40
0.40
0.37
0.000
1.1
0.001
0.018
And
169.00
170.00
1.00
0.63
0.000
0.5
0.026
0.037
ED-18-013
78.60
87.88
9.28
0.07
0.001
0.1
0.020
0.023
Including
78.60
81.55
2.95
0.15
0.001
0.1
0.027
0.029
Including
79.24
80.55
0.31
0.88
0.001
0.1
0.004
0.116
ED-18-015
159.70
201.00
1.85
0.48
0.005
0.1
0.002
0.041
Including
159.70
160.72
1.02
0.55
0.001
0.1
0.002
0.034
And
198.95
201.00
2.05
0.46
0.006
0.4
0.047
0.058
Including
198.95
200.00
1.05
0.52
0.005
0.1
0.015
0.059
And
229.00
230.30
1.30
0.29
0.011
0.1
0.001
0.029
ED-18-017
76.72
77.22
0.50
0.70
0.014
0.1
0.000
0.635
*All reported widths are drilled core lengths
**previously reported (see News Releases October 23
rd
and January 14, 2018)
About the Kittson-Cobalt Project
The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Edison, Shakt-Davis
and Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral
workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase.
This style of mineralization is similar to that of the famous Cobalt Silver Camp located 15 km east of the Property, which
produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-
Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt and are
associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and
select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc
and bismuth also occur within the quartz-carbonate veins.
About Edison Cobalt Corp.
Edison Cobalt Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and
development of cobalt, lithium and other energy metals. Edison Cobalt's acquisition strategy focuses on acquiring affordable,
cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company's shares are listed
and posted for trading on the TSX Venture Exchange under the symbol "EDDY", the OTC Pinks under the symbol "PWMRF",
and on the Frankfurt Exchange under the symbol "VV0".
The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., President & CEO
and a director of the Company, and a Qualified Person as defined by National Instrument 43-101.
On behalf of the Board of Directors:
"Neil Pettigrew"
Neil Pettigrew
President & CEO
For more information please contact:
Howard Milne V.P. Business Development
Tel: (604) 377-8994
Email:
Website:
www.edisoncobalt.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.