Go Cobalt Identifies Large Gravity Anomalies Associated with Magnetic Targets
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Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
GO COBALT IDENTIFIES LARGE GRAVITY ANOMALIES ASSOCIATED WITH MAGNETIC TARGETS
Vancouver, BC, April 3, 2019 – Go Cobalt Mining Corp. (“Go Cobalt” and/or the “Company”) is pleased
to announce completion of a gravity inversion on the Monster IOCG Project (“Property”) in the Yukon,
Canada, in the traditional territory of Tr’ondëk Hwëch’in First Nation (“THFN”).
Highlights:
• Several large gravity highs have been identified and are locally associated with large magnetic
highs and multi-element surface mineralization.
• The new Beast target consists of a large near-surface magnetic high and gravity high, indicative
of buried IOCG mineralization.
• The large scale “bullseye” radiometric anomaly at the Arena target is also underlain and
connected to a large gravity high.
• Go Cobalt has reprocessed 584 historical gravity stations and completed the first ever 3D
gravity inversion on the Monster project using a newly acquired high-resolution digital
elevation model.
• Based on the positive results, Go Cobalt is planning to enhance and expand the coverage of the
gravity survey in the coming field season in order to determine the extent of the potential sub-
surface mineralization.
Figure 1. Regional gravity inversion showing several gravity highs. The data coverage will be increased
during the coming field program on the top 3 targets: Arena, Bloom and Beast.
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
Context:
The Monster is a large copper cobalt IOCG property in the Yukon. The style of mineralization and
geological context is similar to that of IOCG deposits in Southern Australia such as Oak Dam,
Carrapateena, and Olympic Dam. As such, the south Australian IOCG deposit model is an important
guide for exploration on the Monster. Gravity surveys have proven to be paramount targeting tools for
IOCG deposits on Australia.
The importance of detailed gravity surveys is apparent from a recent discovery in Australia. BHP
reported 3.04% Cu over 425.7 m (not true width) in an IOCG prospect in Southern Australia. Their drill
program was planned using recently acquired high-resolution gravity data (see Appendix 1 of the BHP
news release)
Gravity interpretation
The gravity survey indicates a large gravity high in proximity to the Beast target. The Beast consists of a
1.5 km wide shallow magnetic anomaly surrounded by surface mineralization. These encouraging
results have made the Beast a high-priority target for the summer program.
Figure 2. Cross section through the eastern edge of the Beast target shows a large gravity signature
below surface. The gravity highs at surface are associated with magnetic highs.
Preliminary data further indicates that the Goblin and Cobalt Cirque showings in the Arena target area
are underlain and connected by a gravity high. The survey further shows that there are east-west
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
oriented gravity highs on the claim. The east-west oriented fault set was recently recognized by
lineament analysis and magnetic intensity to be a first order control on mineralization.
Figure 3. A cross section through the Arena target shows multiple pronounced gravity highs in the
subsurface.
Data acquisition and processing
Historical gravity data was collected from 2001 – 2003. A reappraisal of the gravity data shows that the
acquisition was of high quality. The data was originally processed with a digital elevation model with 90
m resolution. The digital elevation model used to reprocess the gravity data in 2019 has a 15m
resolution, averaged from a 5m dataset, and greatly increases the accuracy of the resulting data.
Go Cobalt further intends to improve the digital elevation model using a photogrammetry survey. The
planned survey should yield a digital elevation models with an accuracy of 10 cm or better. The
planned summer gravity survey will cover the Bloom, Arena, and Beast targets.
Comments
Scott Sheldon, president of Go Cobalt comments: “The value added from the reappraisal of the gravity
data highlights the exiting potential at the Monster and has been very helpful in planning our summer
program. We are thankful for the work of the experienced team at Southern Geoscience. Seeing BHP
targeting similar IOCGs with new high-resolution gravity data shows we are on the right track with the
Monster.”
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
Qualified Person
Adrian Smith, P.Geo., is the qualified person for the Company as defined in the National Instrument 43-
101 and has reviewed the technical information presented within this news release.
About Go Cobalt:
Go Cobalt develops exciting and relevant mining exploration projects. Our approach is to rely on local
talent and respect local territories while maintaining upside exposure to new discoveries. Go Cobalt
intends to pursue energy metal projects to help meet the demand for a battery powered future.
For further information, please contact:
Scott Sheldon, President Go Cobalt Mining Corp.
Telephone: 604.725.1857
Email: [email protected]
Forward-Looking Information:
This press release may include “forward-looking information” (as that term is defined by Canadian securities legislation),
concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions
made by the Company’s management, including future plans for the exploration and development of its mineral properties.
Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly
on such forward-looking information as the Company can give no assurance they will prove to be correct. Forward -looking
statements in this press release are made as of the date of this press release. The Company disclaims any intent or
obligation to publicly update any forward-looking information (whether as a result of new information, future events or
results, or otherwise) other than as required by applicable securities laws.