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Fuse Cobalt Initiates $500,000 Exploration Program Targeting Significant Cobalt Mineralization

Fuse Cobalt Initiates $500,000 Exploration Program Targeting Significant Cobalt Mineralization

FUSE鈷公司啟動50萬美元的勘探計劃,目標是重要的鈷礦化
Accesswire ·  2022/08/23 19:35

COQUITLAM, BC / ACCESSWIRE / August 23, 2022 / Fuse Cobalt Inc. ("the Company" or "Fuse") (TSXV:FUSE), (OTCQB:FUSEF), (FRA:43W3) is pleased to announce the Company is about to undertake a "state of the art" Alpha IPTM geophysical survey provided by Simcoe Geoscience Limited, followed by a multi-hole diamond drilling exploration program at its 100% owned cobalt project, the Glencore Bucke Property in Ontario Canada. The planned exploration program has an initial budget of $500,000 and has been designed to locate and test targets within the vicinity of known mineralization from prior drilling results.

不列顛哥倫比亞省高貴林/ACCESSWIRE/2022年8月23日/FUSE鈷公司(“本公司”或“FUSE”)(多倫多證券交易所股票代碼:FUSE)、(場外交易市場代碼:FUSEF)、(法蘭克福機場股票代碼:43W3)高興地宣佈,該公司即將進行“最先進的”阿爾法IP。TM由Simcoe Geoscience Limited提供地球物理調查,隨後在其100%擁有的鈷項目中進行多孔鑽石鑽探勘探計劃嘉能可巴克地產在加拿大安大略省。計劃中的勘探計劃的初始預算為500,000美元,旨在根據先前的鑽探結果在已知礦化附近定位和測試目標。

The Glencore Bucke Property consists of two patented mining claims totaling approximately 16.2 ha in area located west of and contiguous to Fuse's Teledyne Cobalt Project. In 1981, Teledyne leased mining claim 585, now the "Glencore Bucke Property") from Falconbridge Nickel Mines Ltd. The company recognized the significant exploration potential that the Property had due to the possible southern extensions of veins from the Cobalt Contact Mine property adjoining to the north that could project southward onto the Property. Their work delineated two mineralized zones, named the Main Zone and Northwest Zone, measuring 500 ft (152.4 m) and 200 ft (70.0 m) in length respectively on the Glencore Bucke property.

Glencore Bucke物業包括兩項合共約16.2公頃的專利採礦權,位於Fuse的Teledyne Cobalt項目以西並毗鄰該地區。於1981年,Teledyne向鷹橋鎳礦有限公司租借採礦索償585號(現為“Glencore Bucke Property”)。該公司認識到該礦藏具有巨大的勘探潛力,因為該礦脈可能向南延伸至北面毗鄰的Cobalt Contact礦山礦脈,並可向南延伸至該礦藏。他們的工作在Glencore Bucke地產上圈定了兩個礦化帶,分別為主區和西北區,長度分別為152.4英尺(152.4米)和200英尺(70.0米)。

Prior to the 2022 mineral exploration season, in 2017 Fuse completed 21 diamond drill holes totaling 1,913.50 m in a first phase of drilling designed to confirm and extend the existing known mineralized zones on the property as part of a first phase of drilling. The program tested the Main Zone for a strike length of approximately 55 m and the Northwest Zone for a strike length of approximately 45 m. Highlights from the 2017 diamond drill program include but are not limited to:

在2022年礦產勘探季之前,Fuse於2017年在第一階段鑽探中完成了總計1,913.50米的21個鑽石鑽孔,作為第一階段鑽探的一部分,旨在確認和擴大該礦產上現有的已知礦化帶。該計劃測試了主區的走向長度約為55米,西北區的走向長度約為45米。2017年鑽石鑽探計劃的亮點包括但不限於:

Table 1: Sample and assay information from the 2017 drill program

表1:2017年演練計劃的樣本和化驗信息

Drill Hole From (m) To (m) Length (m) Co (%) Cu (%)
GB17-07 99.79 100.05 0.26 7.64 0.04
GB17-10 28.00 33.00 5.00 0.55 < 0.01
GB17-15 42.50 62.70 20.20 0.17 0.90
Including 62.40 62.70 0.30 8.42 0.13
GB17-21 67.50 73.60 6.10 0.08 1.25
Including 69.70 70.30 0.60 0.73 1.30
鑽孔 發件人(M) 至(M) 長度(米) CO(%) CU(%)
GB17-07 99.79 100.05 0.26 7.64 0.04
GB17-10 28.00 33.00 5.00 0.55
GB17-15 42.50 62.70 20.20 0.17 0.90
包括 62.40 62.70 0.30 8.42 0.13
GB17-21 67.50 73.60 6.10 0.08 1.25
包括 69.70 70.30 0.60 0.73 1.30

Note: The above intervals represent core length and not true width of the structures or intervals. Sample and assay information was taken from the NI 43-101 Technical Report on the Teledyne Cobalt and Glencore Bucke Project Feb 4, 2021. Bolded Intervals represent grade composites.

注:以上間隔代表巖心長度,而不是結構或間隔的真實寬度。樣品和化驗信息來自NI 43-101關於Teledyne鈷和Glencore Bucke項目的技術報告,2021年2月4日。粗體間隔表示等級組合。

Following up this success, Fuse completed and additional 24 diamond drill holes in 2018 at Glencore-Bucke totaling 2,559 m in phase II. The Company successfully intersected mineralized zones along strike in addition to both vertically above and below previous intersections reported on the Main and Northwest Zones. One of the holes drilled in 2018, GB18-44, intersected visible cobalt mineralization and returned grades of 0.11% Co, 9.4 ppm Ag, and 1.04% Cu over a core length of 8.40 m from 110.60 to 119.00m (NI 43-101 Technical Report on the Teledyne Cobalt and Glencore Bucke Project Feb 4, 2021).

繼這一成功之後,Fuse於2018年在Glencore-Bucke完成了24個鑽石鑽孔,共2,559米,分階段完成。公司成功地將礦化帶沿走向相交,此外,公司還成功地在主要和西北區之前報告的垂直上方和下方相交礦化帶。2018年鑽探的其中一個孔,GB18-44,與可見的鈷礦化相交,並返回品位為0.11%的鈷、9.4ppm的銀和1.04%的銅,在110.60到119.00米的8.40m的巖芯長度上(NI 43-101關於Teledyne鈷和Glencore Bucke項目的技術報告,2021年2月4日)。

Qualified Person

有資格的人

The technical contents of this news release has been reviewed and approved by Gerhard Kiessling, P. Geo, who has been appointed Project Manager and is a qualified person in accordance with National Instrument 43-101.

本新聞稿的技術內容已由Gerhard Kiessling,P.Geo審查和批准,他已被任命為項目經理,是符合National Instrument 43-101的合格人員。

About Fuse Cobalt Inc.

關於Fuse Cobalt Inc.

Fuse Cobalt Inc. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The Company's focus is on exploration for high value metals required for the manufacturing of batteries.

FUSE鈷公司是一家總部位於加拿大的勘探公司,在多倫多證券交易所創業板上以FUSE為代碼進行交易。該公司的重點是勘探製造電池所需的高價值金屬。

Ontario Cobalt Properties:

安大略省鈷業:

Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse's Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agnico Mine.

Fuse擁有其Glencore Bucke物業100%的權益,該物業位於安大略省Cobalt東北偏東6公里處的Bucke Township,受回購條款、生產特許權使用費及承購協議規限。Glencore Bucke物業佔地16.2公頃,位於Fuse的Teledyne Cobalt項目西邊。該公司還擁有位於安大略省Cobalt附近的Teledyne項目100%的權益,但須繳納特許權使用費。Teledyne地產毗鄰Agnico礦所在地區的南界和西界。

Glencore Bucke/Teledyne Property

Glencore Bucke/Teledyne Property

Situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario the Glencore Bucke Property adjoins, on its northeast corner, the former cobalt producing Agaunico Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. of cobalt ("Co"), and 980,000 oz of silver ("Ag") (Cunningham-Dunlop, 1979). The amount of cobalt produced from the Agaunico Mine is greater than that of any other mine in the Cobalt Mining Camp. Production ceased in 1961 due to depressed Co prices and over-supply (Thomson, 1964). The Glencore property is 100% owned by Fuse Cobalt subject to a back-in provision, production royalty and off-take agreement

Glencore Bucke物業位於安大略省Cobalt東北偏東6公里處的Bucke鎮,在其東北角毗鄰以前生產鈷的Agaunico礦。從1905年到1961年,Agaunico礦總共生產了4,350,000磅。鈷(“鈷”)和98,000盎司銀(“銀”)(坎寧安-鄧洛普,1979)。Agaunico礦生產的鈷量比鈷礦營的任何其他礦都多。由於鈷價格低迷和供應過剩,1961年停產(湯姆森,1964)。Glencore地產由Fuse Cobalt 100%擁有,但須遵守回購條款、生產特許權使用費和承購協議

Cobalt mineralization consisted of cobaltite and smaltite hosted within steeply dipping veins and extensive disseminations within Huronian sedimentary rocks. From 1951 through to 1957, the average cobalt content of the mineralized material mined at the Agaunico Mine was approximately 0.5%. In 1955, 526,000 lbs. of Co, 146,000 oz of Ag, 117,000 lbs. of nickel, and 81,000 lbs. of copper were recovered from 62,000 tons of ore (Cunningham-Dunlop, 1979).

鈷礦化由賦存於陡峭礦脈中的鈷礦和蒙皂石組成,並廣泛分佈在胡倫沉積巖中。從1951年到1957年,Agaunico礦開採的礦化材料的平均鈷含量約為0.5%。1955年,52.6萬磅。鈷,146,000盎司銀,117,000磅鎳和81,000磅。從62,000噸礦石中回收了62,000噸銅(坎寧安-鄧洛普,1979)。

The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of 5 patented mining claims totaling 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha. The Property is easily accessible by highway 567 and a well-maintained secondary road.

相關的Teledyne財產位於Bucke和Lorrain鎮,包括5個已獲專利的採礦主張,總計79.1公頃,以及46個未獲專利的採礦主張單元,總計約700公頃。乘坐駭維金屬加工567和一條維護良好的次要道路可以很容易地到達該物業.

Over $25 million Can has been spent thus far, (2020 dollars inflation-adjusted) on the Teledyne Property resulting in valuable infrastructure including a development ramp and a modern decline going down 500 ft parallel to the main cobalt mineralized vein. The Teledyne Property is subject to a production royalty in favor of New Found Gold and an off-take agreement in favor of Glencore Canada Corp., while the Glencore Bucke Property is subject to a back-in provision, production royalty, and an off-take agreement in favor of Glencore Canada Corp. Glencore PLC is the world's largest producer of cobalt. A significant portion of the cobalt that was produced at the Agaunico Mine was located along structures (Vein #15) that extended southward towards the northern boundary of the Teledyne Cobalt Property, currently 100% owned by FUSE. Mineralization was generally located within 125 ft (38.1 m) above the Huronian/Archean unconformity. Stoping widths of up to 50 ft (15.2 m) were not unusual at the Agaunico Mine (Cunningham-Dunlop, 1979).

到目前為止,已在Teledyne地產上花費了超過2500萬加元(經通脹調整後的2020美元),從而產生了寶貴的基礎設施,包括開發坡道和與主要鈷礦化礦脈平行的500英尺的現代坡道。Teledyne資產須繳付給予New Found Gold的生產特許權使用費及給予Glencore Canada Corp.的承購協議,而Glencore Bucke物業則須繳付回購撥備、生產特許權使用費及給予Glencore Canada Corp.的承購協議。Agaunico礦生產的很大一部分鈷位於向南延伸至Teledyne鈷礦北部邊界的構造(15號礦脈)上,目前FUSE擁有100%的股份。礦化一般位於胡隆/太古宙不整合之上125英尺(38.1米)範圍內。在Agaunico礦(坎寧安-鄧洛普,1979),採場寬度高達50英尺(15.2米)並不少見。

On Behalf of the Board of Directors

我謹代表董事會

"Robert Setter"

《羅伯特·塞特》

Robert Setter, President & CEO

總裁首席執行官羅伯特·塞特

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。本新聞稿可能包含前瞻性陳述,包括但不限於涉及未來事件和條件的評論,這些評論受到各種風險和不確定因素的影響。除了對歷史事實的陳述外,涉及資源潛力、即將開展的工作計劃、地質解釋、礦業權的接收和擔保、資金可獲得性等方面的評論都是前瞻性的。前瞻性陳述並不是對未來業績的保證,實際結果可能與那些陳述大不相同。一般業務條件是可能導致實際結果與前瞻性陳述大不相同的因素。

CONTACT:
Tina Whyte
tina.whyte1@gmail.com
+16048281475

聯繫方式:
蒂娜·懷特
郵箱:tina.Whyte1@gmail.com
+16048281475

SOURCE: Fuse Cobalt Inc.

資料來源:FUSE鈷公司


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