Cobalt Blue expands footprint at Broken Hill by around 35%
Cobalt Blue Holdings Ltd (ASX:COB) (OTCMKTS:CBBHF) (FRA:COH) is increasing its strategic cobalt exploration footprint in the Broken Hill region of Australia by around 35% through the proposed grant of an exploration licence.
Wholly-owned subsidiary Broken Hill Cobalt Project Pty Ltd has received notice of the proposed grant of Exploration Licence Application 6225.
The tenement application comprises approximately 58 square kilometres around 10 kilometres northwest of the Broken Hill Cobalt Project in far western New South Wales.
“Another step forward”
COB’s CEO Joe Kaderavek said: “The grant of ELA6225 reflects another step toward our continued consolidation of ground within the Broken Hill region.
“Now covering almost 220 square kilometres, COB has secured a commanding footprint to pursue our long-term exploration objectives.”
Shares have been as much 6.3% higher intra-day to A$0.34.
READ: Cobalt Blue installs and commissions pilot plant in Broken Hill
The application area is dominated by extensive Cenozoic cover sequences underlain by successions of the Willyama Supergroup including the Thackaringa Group.
This geology is known to host the Pyrite Hill, Big Hill and Railway deposits of the Broken Hill Cobalt Project (BHCP).
The new tenement, EL6225, adjoins EL9139 (formerly ELA6151) which was formally granted in April 2021 to COB.
ELA6225 is in part contiguous with EL9139 and comprises a total of 20 units for approximately 58 square kilometres.
Airborne survey
In April 2021, the new tenement was covered by a regional-scale airborne electromagnetic (AEM) survey coordinated by the Department of Regional NSW’s Geological Survey and Geoscience Australia.
This heliborne survey was flown on east-west orientated flight lines at an average spacing of 2.5 kilometres across the tenement.
Data is expected to be released in the second half of 2021 and will be used by COB to refine future exploration activities for the tenement.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/950275/cobalt-blue-expands-footprint-at-broken-hill-by-around-35-950275.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,706,517,730 |
| Stories: | 8,445,879 |
Whistler Blowers, Insiders
