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Fuse Cobalt Announces Successful Completion of Induced Polarization Survey at Glencore/Bucke Project, Cobalt, Ontario

Fuse Cobalt Announces Successful Completion of Induced Polarization Survey at Glencore/Bucke Project, Cobalt, Ontario

Fuse Cobalt公司宣佈成功完成位於安大略省Cobalt的Glencore/Bucke項目的激發極化測量
Accesswire ·  2022/09/07 19:35

COQUITLAM, BC / ACCESSWIRE / September 7, 2022 / Fuse Cobalt Inc. ("the Company "or "Fuse") (TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3) is pleased to announce that Simcoe Geoscience of Stouffville, Ontario completed a detailed induced polarization geophysical survey utilizing the Alpha IP Wireless Time Domain Distributed Technology System over the Glencore/Bucke Project at Cobalt, Ontario.

不列顛哥倫比亞省高貴林/ACCESSWIRE/2022年9月7日/Fuse Cobalt Inc.(“公司”或“導火索”)(TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3)我很高興地宣佈,安大略省Stouffville的Simcoe Geoscience利用Alpha IP無線時域分佈式技術系統在安大略省Cobalt的Glencore/Bucke項目上完成了詳細的激發極化地球物理測量。

Preliminary 2D profiles and an early 3D model have been received with promising chargeability results evident. The complete report including final results and recommendations is estimated to take a further two weeks at which time the results will be released.

初步的2D配置文件和早期的3D模型已經收到,前景看好的充電結果顯而易見。包括最後結果和建議在內的完整報告估計還需要兩週時間,屆時將公佈結果。

The objective of the survey was to resolve narrow vein cobalt and silver mineralization and any cross-cutting structures to a depth of approximately 125m on 400m long grid lines with a 50m line spacing. Previous drilling has indicated veins to be present at least 100m from surface, and this survey will assist in determining if the mineralization continues both up and down dip along the structures. The technical team will correlate the new IP geophysical data with the existing drillhole database to create new drill targets for the upcoming drill program.

調查的目標是在400米長、50米線距的網格線上,將窄脈鈷、銀礦化和任何橫切構造分解到約125米深。以前的鑽探表明,礦脈至少在地表100米處存在,這項調查將有助於確定礦化是否繼續沿構造向上和向下傾斜。技術團隊將把新的IP地球物理數據與現有的鑽孔數據庫相關聯,為即將到來的鑽探計劃創建新的鑽探目標。

In addition, the survey may assist in identifying volcanic hosted massive sulphide (VHMS) mineralization by tracing/correlating polymetallic intersections in drill holes GB 18-44 and GB 18-45 to the IP results. Although there has been no success to date in locating economic VHMS deposits in the Cobalt camp, the possibility should not be dismissed. (Joerg Kleinboeck P. Geo and David Jamieson, P. Geo, Ni 43-101 Report on the Glencore/Bucke and Teledyne Properties, Feb 2021). For example, step out hole GB 18-44 intersected visible cobalt mineralization returning 0.11% Co, 9.4 g/t Ag, and 1.04% Cu over 8.40m from 110.60 to 119.00m.

此外,通過追蹤GB 18-44和GB 18-45鑽孔中的多金屬交叉點並將其與激電法結果相關聯,這項調查可能有助於查明火山賦存的塊狀硫化物礦化。儘管到目前為止還沒有成功地在鈷陣營找到經濟上的VHM礦藏,但不應排除這種可能性。(Joerg Kleinboeck P.Geo和David Jamieson,P.Geo,Ni43-101關於Glencore/Bucke和Teledyne Properties的報告,2021年2月)。例如,走出GB18-44孔,在110.60-119.00m的8.40米範圍內,鈷、銀和銅的含量分別為0.11%、9.4 g/t和1.04%,與可見的鈷礦化相交。

Mr. Robert Setter, Fuse's President & CEO states, "The geophysical survey was the first part of an approximate $500,000 exploration spend. Results received to date in this program are highly encouraging and we eagerly await conclusions and recommendation from the final geophysical report. The next phase will involve the laying out of drill locations for an estimated 1800m of diamond drilling scheduled to take place once the geophysical results are integrated into our pre-existing data bases. Drilling is scheduled to take place over a 3-4 week period and the assay results should follow in a further 6-8 weeks."

FUSE公司首席執行官總裁先生説:“地球物理調查是大約500,000美元勘探支出的第一部分。到目前為止,該項目收到的結果非常令人鼓舞,我們熱切期待最終地球物理報告的結論和建議。下一階段將包括規劃鑽探地點,一旦地球物理結果整合到我們現有的數據庫中,預計將進行1800米的鑽石鑽探。鑽探計劃在3-4周內進行,化驗結果將在6-8周後公佈。”

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 Agaunico 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Agaunico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物業由Fuse Cobalt 100%擁有,但須遵守回購條款、生產特許權使用費及承購協議。

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

"Greg Reimer"

《格雷格·雷默》

Greg Reimer, Chairman

格雷格·雷默,董事長

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.

消息來源:Fuse Cobalt Inc.


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