First Cobalt’s properties in the Cobalt North area include the past-producing Drummond, Kerr, Silver Banner, Juno, Silverfields, Hamilton, Ophir, Lawson and Conisil mines. Operations in this area accounted for over 80% of the historic silver production. Cobalt has not previously been an exploration focus in this area and exploration activities in the 1980’s and 1990’s focused on Cu-Zn-Pb mineralization within the volcanic rocks. Cobalt had not been assayed previously, so potential for an extensive polymetallic mineralization system remains to be explored. Muckpile grab samples from the Juno and Drummond mines returned grades of up to 3.9% cobalt, up to 1.63% zinc, and up to 4,990 g/t silver.

Cobalt North Assay Results Table

Hole ID Sample-ID From
(m)
To
(m)
Length
(m)
Co
(%)
Ag
(g/t)
Ni
(%)
Cu
(%)
Zn
(%)
Pb
(%)
Target
FCC-18-0021 E6599203 68.00 68.75 0.75 0.01 7 0.01 0.10 0.45 0.17 Kerr #2
FCC-18-0021 E6599204 68.75 69.22 0.47 0.02 14 0.02 0.28 0.73 0.23 Kerr #2
FCC-18-0021 E6599205 69.22 69.54 0.32 3.81 1225 0.33 0.10 0.14 2.93 Kerr #2
FCC-18-0021 E6599208 69.54 70.00 0.46 0.03 26 0.01 0.24 0.27 0.31 Kerr #2
FCC-18-0021 E6599209 70.00 71.00 1.00 0.00 13 0.00 0.08 1.47 0.84 Kerr #2
FCC-18-0021 E6599210 71.00 72.00 1.00 0.00 2 0.00 0.01 0.42 0.07 Kerr #2
FCC-18-0021 E6599211 72.00 73.00 1.00 0.00 2 0.01 0.01 0.27 0.08 Kerr #2
FCC-18-0023 E6612362 102.32 102.71 0.39 0.53 250 0.03 0.44 0.26 0.50 Kerr #2
FCC-18-0023 E6612363 102.71 103.34 0.63 0.00 33 0.02 0.22 0.33 0.05 Kerr #2
FCC-18-0023 E6612364 103.34 104.18 0.84 0.01 15 0.03 0.04 0.03 0.13 Kerr #2
FCC-18-0023 E6612365 104.18 104.48 0.30 0.75 126 0.02 0.09 0.02 0.39 Kerr #2
FCC-18-0023 E6612368 104.48 105.14 0.66 0.01 3 0.01 0.04 0.02 0.01 Kerr #2
FCC-18-0023 E6612369 105.14 105.50 0.36 0.67 68 0.02 0.19 0.06 0.10 Kerr #2
FCC-18-0023 E6612370 105.50 105.88 0.38 0.78 104 0.03 0.20 0.01 0.19 Kerr #2
FCC-18-0023 E6612372 105.88 106.28 0.40 0.32 123 0.02 0.10 0.02 0.96 Kerr #2
FCC-18-0023 E6612374 106.28 107.00 0.72 0.18 178 0.02 0.14 0.89 1.44 Kerr #2
FCC-18-0023 E6612375 107.00 107.55 0.55 0.02 23 0.02 0.09 1.97 0.97 Kerr #2
FCC-18-0023 E6612376 107.55 108.48 0.93 0.01 3 0.01 0.02 0.10 0.06 Kerr #2
FCC-18-0023 E6612377 108.48 109.47 0.99 0.01 < 1 0.01 0.01 0.02 0.01 Kerr #2
FCC-18-0023 E6612379 109.47 110.00 0.53 0.02 2 0.01 0.03 0.84 0.23 Kerr #2
FCC-18-0023 E6612380 110.00 110.61 0.61 0.01 3 0.01 0.04 1.26 0.38 Kerr #2
FCC-18-0023 E6612381 110.61 110.95 0.34 0.03 9 0.02 0.27 3.84 0.90 Kerr #2
FCC-18-0023 E6612382 110.95 111.77 0.82 0.01 5 0.01 0.21 0.54 0.14 Kerr #2
FCC-18-0023 E6612383 111.77 112.08 0.31 0.37 41 0.01 2.12 0.03 1.67 Kerr #2
FCC-18-0023 E6612384 112.08 112.43 0.35 0.23 6 0.01 0.25 0.02 0.08 Kerr #2
FCC-18-0023 E6612385 112.43 112.73 0.30 0.15 16 0.01 0.62 0.04 0.44 Kerr #2
FCC-18-0023 E6612387 112.73 113.64 0.91 0.01 2 0.01 0.04 0.22 0.09 Kerr #2
FCC-18-0022 E6610921 42.00 42.77 0.77 0.00 48 0.00 0.03 0.00 0.66 Kerr #2
FCC-18-0022 E6610922 42.77 43.50 0.73 0.00 99 0.00 0.01 0.01 0.05 Kerr #2
FCC-18-0022 E6610923 43.50 44.34 0.84 0.00 16 0.00 0.00 0.02 0.07 Kerr #2
FCC-18-0022 E6610924 44.34 45.00 0.66 0.01 28 0.00 0.10 0.01 0.35 Kerr #2
FCC-18-0022 E6610925 45.00 46.00 1.00 0.02 22 0.00 0.13 0.00 0.24 Kerr #2
FCC-18-0022 E6610927 46.00 47.00 1.00 0.01 21 0.00 0.07 0.00 0.23 Kerr #2
FCC-18-0022 E6610928 47.00 48.00 1.00 0.01 23 0.00 0.11 0.00 0.04 Kerr #2
FCC-18-0022 E6610929 48.00 49.00 1.00 0.01 18 0.00 0.06 0.00 0.09 Kerr #2
FCC-18-0022 E6610930 49.00 50.00 1.00 0.01 25 0.00 0.06 0.01 0.03 Kerr #2
FCC-18-0032 E6611713 87.00 87.95 0.95 0.01 11 0.00 0.57 0.00 0.20 Kerr #2
FCC-18-0032 E6611714 87.95 88.40 0.45 0.05 16 0.00 0.41 0.01 1.05 Kerr #2
FCC-18-0032 E6611715 88.40 89.00 0.60 0.02 12 0.00 0.22 0.01 0.30 Kerr #2
FCC-18-0032 E6611716 89.00 89.30 0.30 1.45 970 0.28 0.16 0.44 2.34 Kerr #2
FCC-18-0032 E6611719 89.30 90.00 0.70 0.00 4 0.00 0.09 0.00 0.25 Kerr #2
FCC-18-0032 E6611720 90.00 90.80 0.80 0.01 3 0.00 0.03 0.01 0.23 Kerr #2
FCC-18-0032 E6611722 90.80 91.20 0.40 0.04 4 0.00 0.02 0.06 1.18 Kerr #2
FCC-18-0032 E6611723 91.20 92.00 0.80 0.02 4 0.00 0.08 0.01 0.62 Kerr #2
FCC-18-0032 E6611837 172.73 173.03 0.30 0.21 10 0.00 0.00 0.02 0.36 Kerr #2
FCC-18-0032 E6611860 187.35 187.65 0.30 0.03 5 0.00 0.08 0.02 0.20 Kerr #2
FCC-18-0032 E6611861 187.65 188.00 0.35 0.02 2 0.00 0.01 0.01 0.41 Kerr #2
FCC-18-0032 E6611862 188.00 188.35 0.35 0.79 13 0.00 0.02 0.09 0.73 Kerr #2
FCC-18-0032 E6611863 188.35 188.75 0.40 0.98 29 0.00 0.12 0.12 2.00 Kerr #2
FCC-18-0032 E6611864 188.75 189.10 0.35 0.52 20 0.00 1.16 0.06 1.17 Kerr #2
FCC-18-0032 E6611865 189.10 189.40 0.30 0.37 30 0.00 0.59 0.03 0.64 Kerr #2
FCC-18-0032 E6611867 189.40 189.75 0.35 0.07 18 0.00 0.54 0.01 0.30 Kerr #2
FCC-18-0032 E6611868 189.75 190.50 0.75 0.06 5 0.00 0.08 0.01 0.24 Kerr #2
FCC-18-0032 E6611869 190.50 191.00 0.50 0.01 2 0.00 0.04 0.00 0.13 Kerr #2
FCC-18-0032 E6611870 191.00 192.00 1.00 0.19 6 0.00 0.04 0.02 0.37 Kerr #2
FCC-18-0033 E6610239 120.30 120.60 0.30 0.34 1 0.03 0.00 0.00 0.00 Kerr #2
FCC-18-0033 E6610240 120.60 121.10 0.50 0.27 1 0.03 0.00 0.00 0.00 Kerr #2
FCC-18-0033 E6610241 121.10 121.75 0.65 0.04 1 0.01 0.09 0.01 0.00 Kerr #2
FCC-18-0033 E6610242 121.75 122.40 0.65 0.11 43 0.03 1.64 0.06 0.09 Kerr #2
FCC-18-0033 E6610243 122.40 123.00 0.60 0.06 48 0.02 2.32 0.05 0.04 Kerr #2
FCC-18-0033 E6610244 123.00 123.60 0.60 0.01 23 0.01 1.18 0.18 0.13 Kerr #2
FCC-18-0034 E6599482 126.60 127.00 0.40 0.03 9 0.01 0.33 0.08 0.30 Kerr #2
FCC-18-0034 E6599484 127.00 127.35 0.35 2.61 13 0.34 0.08 0.03 0.02 Kerr #2
FCC-18-0034 E6599485 127.35 127.70 0.35 0.63 12 0.28 0.28 0.02 0.25 Kerr #2
FCC-18-0034 E6599488 127.70 128.00 0.30 0.03 3 0.01 0.12 0.02 0.05 Kerr #2
FCC-18-0034 E6599571 194.15 194.70 0.55 0.04 43 0.01 0.24 0.27 1.52 Kerr #2
FCC-18-0034 E6599573 194.70 195.30 0.60 0.49 63 0.01 0.16 0.03 0.77 Kerr #2
FCC-18-0036 E6559488 89.40 89.95 0.55 0.03 21 0.02 0.03 0.04 0.61 Kerr #2
FCC-18-0036 E6559489 89.95 90.30 0.35 0.90 371 0.01 0.11 0.08 3.39 Kerr #2
FCC-18-0036 E6559492 90.30 90.70 0.40 0.04 13 0.01 0.04 0.06 0.17 Kerr #2
FCC-18-0036 E6559493 90.70 91.20 0.50 0.06 28 0.01 0.02 0.01 0.28 Kerr #2
FCC-18-0036 E6559529 116.30 116.60 0.30 0.46 32 0.01 0.29 0.02 0.99 Kerr #2
FCC-18-0036 E6559532 116.60 117.10 0.50 0.02 38 0.02 0.29 0.57 1.42 Kerr #2

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