Cobalt Power Group Provides Project Update and Reports Additional Sampling from Smith Cobalt East Outcrop
Cobalt Power Group Provides Project Update and Reports Additional Sampling
from Smith Cobalt East Outcrop
TSX.V: CPO, Pink Sheets: CBBWF
VANCOUVER, Nov. 21, 2017 /CNW/ - Cobalt Power Group Inc. (the "Company") (TSX.V: CPO, OTC
Pink: CBBWF) is pleased to provide an update on the exploration progress and status at its 100% owned
Smith Cobalt project near Cobalt, Ontario and annou nces results from additional sampling at the Smith
Cobalt East outcrop.
Smith Cobalt Project Technical Update:
Analysis of drill core, along with mapping and sampling of several mineralized outcrops, has improved
understanding of the geological setting of the veins encountered to date.
The generally accepted model for cobalt mineralization in the Cobalt camp indicates that mineralization
can be found within the diabase as well as in the overlying or underlying formations. Most mineralizat ion
is likely to be found within 60 m of the upper and lower contacts of the diabase sill. The best
mineralization usually occurs where these contacts are associated with major structures. The model also
predicts that well-mineralized veins systems will have significant strike lengths that are poorly mineralized.
Work completed has identified multiple mineralized vein systems cutting through all the major
stratigraphic units, including the key Nipissing diabase sill, as well as the Huronian Coleman sedimen ts
and the underlying Archean Keewatin volcanics, and Timiskaming metasediments. Major regional
structural zones, such as the Martineau Bay shear, have also been identified in outcrops with associated
mineralized vein systems.
Multiple-element mineralization has been found in all of the major stratigraphic units encountered, which
is consistent with the mineralization model. A summary of metal assemblages by rock unit is shown in
the following table:
METAL ASSEMBLAGES BY ROCK UNIT
Geological Unit Mineralization
Diabase Co+Ag+Au+Cu+Zn in outcrop at SC East
Coleman conglomerate Co+Cu in drill core
Keewatin dacite/chert Co+Ag+Au+Zn+Cu+Pb+Ni in drill core
Keewatin mafic/ultramafic volcanics Ag+Cu+Au+Ni in drill core
Temiskaming conglomerate Co+Ag+Cu+Ni+Zn in drill core
Smith Cobalt East Outcrop Sample Results:
Six chip samples were collected over 0.5-1.0 m along six separate veins. Significant values in Ag, Co, Cu,
Ni and Zn were shown. The samples were analyzed by SGS using a four-acid digestion and an ICP
finish.
Highlights:
• Sample 66701 contains 0.68% Co.
• Sample 66703 contains 89 g/t Ag and 0.16% Co.
Full analytical results are shown in the following table:
SMITH COBALT EAST OUTCROP SAMPLE RESULTS
Sample # Cobalt (Co)
ppm
Silver (Ag)
ppm
Copper (Cu)
ppm
Nickel (Ni)
ppm
Zinc (Zn)
ppm
66701 6770.0 1.2 51.9 1910.0 11.0
66702 10.4 0.2 60.2 13.2 596.0
66703 1610.0 89.0 840.0 484.0 32.0
66704 129.0 32.1 196.0 558.0 472.0
66705 38.1 1.4 113.0 101.0 2010.0
66706 15.8 0.6 43.7 19.4 341.0
"We continue to increase our knowledge of the polymetallic veins found on our Smith Cobalt project. This
encourages us to proceed with exploration along this particular vein swarm, thereby increasing its kno wn
strike length," comments Dr. Andreas Rompel, Presid ent & CEO. "Once again, we have encountered
significant cobalt grade when compared to other producing deposits world-wide and are pleased to add
this locality to our list of sites where we have found such promising results."
As reported earlier (see news release dated Novembe r 14, 2017), the 16-hole, 2306 m, Phase 2 drill
program has been completed and the drill core has been logged, sampled, and shipped to AGAT
Laboratories in Timmins, Ontario. The results will be released once the Company has received them and
the QA/QC process has been completed.
Also, additional sampling has been completed on the Temiskaming Project (Proteus property), in and
adjacent to an historical shaft, where sulphide mineralization was observed in the recently discovered
outcrop (see news release dated Oct 30,2017). Resu lts for these samples are pending.
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture
Exchange and U.S. Pink Sheets (TSX-V: CPO, OTC Pink : CBBWF) focused on cobalt exploration and
development.
The Compay 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 8,544 hectares (21,1 00 acres) 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, V.P. Exploration and 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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For further information: please contact Daniel Caamano, V.P. Corporate Comm unications or Judy
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 21-NOV-17