Cobalt Power Group Announces Commencement of Phase 2 Drilling and New Property Acquisition
Cobalt Power Group Announces Commencement of Phase 2 Drilling and New
Property Acquisition
TSX.V: CPO, Pink Sheets: CBBWF
VANCOUVER, Sept. 13, 2017 /CNW/ - Cobalt Power Grou p Inc. (the "Company") (TSX.V: CPO, OTC
Pink: CBBWF) is pleased to announce that Phase 2 of its drill program on the Smith Cobalt property is
underway. Drilling services are, once again, being provided by G4 Drilling of Val d'Or, Quebec.
Phase 2 Drill Program Highlights:
• The campaign will comprise a minimum of 2000 meter s – 10 to 15 drill holes.
• Initial focus will be on evaluating the newly disc overed mineralized zone - an outcrop containing five
exposed, individual vein swarms that display at least three different orientations (see news release
dated July 17, 2017).
• Drilling will also continue along the historical S mith Cobalt shaft trend, following up on results of the
Phase 1 drill program, with the intention of extending the known mineralized veins.
"Our company continues to lead in the exploration for silver and cobalt in the Cobalt Camp of Ontario,"
comments Dr. Andreas Rompel, President & CEO. "Phas e 2 results will help us determine the mineral
content and strike extent of the veins in the recently discovered Smith Cobalt East Zone as well as al ong
the historical Smith Cobalt shaft trend."
Assay results have been delivered to the Company by SGS Canada for approximately two thirds of the
samples taken from the Phase 1 drill program. Quality Assurance/Quality Control review is underway by
the Company's Qualified Person. Final results will be released when all assays have been received and
reviewed.
Cobalt Power also announces that it has staked 3 claims (13 units) in the southwestern corner of the
Lorraine township of Ontario, totaling 514 acres (208 ha). The claims are immediately to the west of the
historic Goodwin Lake shaft.
About the Smith Cobalt Project
The Smith Cobalt project is underlain by a sequence of Archaean volcanics which are unconformably
overlain by Huronian sediments. These formations ha ve been intruded by the Proterozoic-age Nipissing
diabase sill. Faulting, on both a regional and local scale, has been found by surface mapping and in d rill
cores. Polymetallic veining, and especially pinkish-white carbonate veins, has also been reported. Thus,
all the necessary geological components of accepted mineralization 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 year, seeking cobalt
mineralization near Cobalt, Ontario - a region with a long history of silver and associated cobalt
production. Property holdings including the Canadian Cobalt Project and the Coleman Township
properties total approximately 21,000 acres (8,500 hectares) in contiguous and strategic claim blocks.
There are several historic mining operations on the properties that are potentially accessible, includ ing
the Smith Cobalt shaft and its underground workings.
Chris M. Healey, P. Geo, a Director of Cobalt Power Group is the qualified person responsible for the
technical content of this release, and consents to its dissemination.
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.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapprove d 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. WARNI NG: The Company relies on litigation protection for
"forward looking" statements. Actual results could differ 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 Act") 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. Securi ties
Act and applicable state securities laws or an exemption from such registration is available.
SOURCE Cobalt Power Group Inc
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http://www.newswire.ca/en/releases/archive/Septembe r2017/13/c5909.html
%SEDAR: 00029608E
For further information: Daniel Caamano, VP Corporate Communications or Jud y A. McCall,
Corporate Secretary at: 604.620.7737. The company's profile may also be viewed on www.sedar.com.
CO: Cobalt Power Group Inc
CNW 06:00e 13-SEP-17