Strong IP anomalies coincide with 1.3km long trend of anomalous soil samples assaying up to 0.11% Co at the Long Tom Prospect
- Exceptional results from Phase 2 of IP surveying delineate several strong IP anomalies located immediately west of the area targeted in the maiden 2018 drilling campaign
- A new, very strong, 750m x 750m IP anomaly coincides with soil samples that returned assays up to 0.11% cobalt at the Long Tom Prospect
- Several other strong IP anomalies confirm the Long Tom Prospect as the highest priority drill target
- The very strong, undrilled “Salmon Canyon IP Anomaly” confirmed and refined during Phase 2 of IP surveying
- Permits to undertake first ever drill testing of the very high‐priority Long Tom Prospect and Salmon Canyon IP Anomaly expected in Q1 2019 with drilling to commence immediately thereafter
- The Long Tom and Salmon Canyon IP anomalies are both stronger than the IP response delineated over the Salmon Canyon Deposit that was targeted in drilling last year
- The maiden 2018 drill program confirmed that significant cobalt‐copper mineralisation is closely associated with IP anomalism and stronger IP anomalies are likely to be associated with thicker and/or higher grade mineralisation; and
- Commercial terms to complete the acquisition of 100% of the Salmon Canyon Deposit revised
Read the full announcement from New World Cobalt Limited here