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LiCo Energy hits commercial grade cobalt at Ontario project

Stockhouse Editorial
0 Comments| January 3, 2018


LiCo Energy Metals Inc. (TSX: V.LIC, OTCQB: WCTXF, Forum) on Wednesday released assay results from drilling at its Teledyne property northeast of Cobalt, Ontario.

The most significant results from drilling at Teledyne include hole TE17-02, which returned 0.95% cobalt over 1.9 metres from 143 to 144.9 metres, including 2.58% cobalt over 0.60 metres from 144.30 to 144.90 metres.

Drill hole TE17-02 returned 0.59% cobalt over 3.9 metres from 156.0 to 159.9 metres, including 2.22% cobalt over 0.60 metres, from 156.6 to 157.2 metres.

More information can be found here.
 
LiCo Energy was in the news recently when it reported assay results from drill holes GB17-06 to GB17-07 from the Glencore Bucke property northeast of Cobalt, Ontario.
 
“We are very pleased with the higher-grade cobalt mineralization that has been intersected at our Glencore Bucke property,’’ said Tim Fernback, President and CEO of LiCo. “Not only have we intersected cobalt style mineralization in every drill hole completed, we are happy to report that 4 of the 7 holes assayed to date have higher than average grades of more than 1% cobalt,” he said.
 
Highlights in drill hole GB17-07 include 1.11% cobalt, 16.6 ppm silver over 2.0 metres, including 7.64% cobalt, 9.1 ppm silver over 0.26 metres.
 
FULL DISCLOSURE: LiCo Energy Metals Inc.  is a paid client of Stockhouse Publishing.


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