Cobalt Power Announces Airborne Geophysical Survey Results ON Its Smith Cobalt Project
142-1146 Pacific Blvd.
Vancouver, BC V6Z 2X7
Tel: 604.620.7737
www.cobaltpowergroup.com
NEWS RELEASE
TSX.V: CPO January 30, 2017
COBALT POWER ANNOUNCES AIRBORNE GEOPHYSICAL SURVEY RESULTS ON ITS SMITH
COBALT PROJECT
January 30, 2017 Vancouver, British Columbia – Cobalt Power Group Inc. (TSX.V: CPO) is pleased to
announce that the company has received the final report for the airborne geophysical survey , recently
completed over its Smith Cobalt project near Cobalt, Ontario , Canada . The survey was carried out by
Eagle Geophysics, on time and on budget in November 2016. View the full report at
www.cobaltpowergroup.com.
The survey comprised 885 line kilometers of Quadrimag (an advance d 4-sensor magnetometer array) and
VLF-EM. It was flown using 50-metre spaced north-south lines, with tie lines at 1 km spacing, draping the
surface topography at an average elevation of 40 metres. Based on an average speed of 110 km/h and a
sampling frequency of 10 Hz, data samples were recorded at intervals of approximately 3 metres.
Results indicate that major structures in the project area exhibit a general spatial relationship to known
mineralized veins in the region. This data will help the company develop the best exploration plan for the
Smith Cobalt Project including ground geophysics, mapping, and sampling, followed by target delineation
and drilling.
Key Highlights:
Numerous contact zones are clearly visible in the magnetic data defining a complex network of
interwoven, regional formations. Structurally, the area is dominated by a major NW -SE striking
fault, well defined in both the magnetic and VLF -EM data. This fa ult is accompanied by numerous
additional, more local, faults throughout the area of the survey. In general, features of interest are
subtle trends in the magnetic data that occur in proximity to regional contact zones.
The survey identified several area s where geologic structures (from the magnetometer data)
correlate with the presence of near-surface conductivity (from the VLF-EM data). Such areas could
represent the presence of sulphide mineralization within Five -Element (Ni -Co-As-Ag-Bi) Vein
deposits.
Of particular interest is the interpretation of magnetic lineaments showing a relationship between
magnetic ridges (interpreted structures) and the location of historical known mineralized veins.
Dr. Andreas Rompel, President & CEO comments. “We are delighted with the recent airborne geophysical
survey. The results, combined with the upcoming IP data, will be crucially important in accurately defining
drill targets. T his information helps accelerate the interpretation of the geology of the project, enabling us
to drill in early spring. Moreover, the steady rise in cobalt prices from $11.00 to $16.75 USD over the p ast
seven months encourages us to expedite our exploration of the Smith Cobalt project.”
The company is also pleased to report that the ground geophysical program (IP -Resistivity and
Chargeability), contracted to Abitibi Geophysics, has been completed and the final report is expected within
the next month.
About the Smith Cobalt Project
The Smith Cobalt project is underlain by a sequence of Archaean volcanics which are uncomformably
overlain by Huronian sediments. These formations have been intruded by the Proterozoic -age Nipissing
diabase sill. Faulting, on both a regional and local scale, has been found by surfac e mapping and in drill
cores. Polymetallic veining, and especially pinkish -white carbonate veins, has also been reported. Thus, all
the necessary geological components of accepted m ineralization models for cobalt-silver have been
identified on the properties.
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX -Venture
Exchange (TSX-V: CPO) focused on cobalt exploration and development.
The company has made a series of strategic property acquisitions over the past several months, seeking
cobalt mineralization near Cobalt, Ontario - a region with a long history of silver and associated cobalt
production. Property holdings total 720 ha (17 80 acres) in con tiguous blocks. There are several historic
mining operations on the propert ies that are potentially accessible, including the Smith Cobalt shaft and its
underground workings.
Chris M. Healey, P. Geo, a Director of Cobalt Power Group is the qualified perso n responsible for the
technical content of this release, and consents to its release.
On behalf of the Board of Directors
“Andreas Rompel”
_________________
Dr. Andreas Rompel, President and CEO
Cobalt Power Group Inc.
www.cobaltpowergroup.com
We seek safe harbor.
For additional information, please contact Daniel Caamano, VP Corporate Communications or Judy A.
McCall, Corporate Secretary at: 604.620.7737. The company’s profile may also be viewed on
www.sedar.com.
The TSX Venture Exchange Inc. has in n o way passed upon the merits of the proposed transaction
and has neither approved nor disapproved the contents of this press release.
Forward Looking Information
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
content of this News Release. WARNING: The Company relies on litigation protection for “forward looking"
statements. Actual results could diffe r materially from those described in the news release as a result of numerous
factors, some of which are outside the control of the Company. This news release does not constitute an offer to sell
or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not
be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Ac t”) or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.