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Fuse Cobalt Announces Drilling Is Now in Progress at Glencore Bucke Targeting Two Major IP Anomalies

Fuse Cobalt Announces Drilling Is Now in Progress at Glencore Bucke Targeting Two Major IP Anomalies

Fuse Cobalt宣佈目前正在Glencore Bucke進行鑽探,目標是兩個主要的IP異常
Accesswire ·  2022/10/04 19:35

COQUITLAM, BC / ACCESSWIRE / October 4, 2022 / Fuse Cobalt Inc. ("the Company" or "Fuse") (TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3) is pleased to announce the Company has received the final geophysical report from Simcoe Geoscience and has commenced a diamond drill program at the Glencore Bucke Property.

不列顛哥倫比亞省高貴林/ACCESSWIRE/2022年10月4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:FUSE)(法蘭克福證券交易所股票代碼:43W3)高興地宣佈,公司已收到Simcoe Geoscience的最終地球物理報告,並已開始在嘉能可巴克地產。

The IP survey successfully detected geophysical signatures possibly related to narrow veins and sulphide and/or cobalt mineralization. The drill program has begun and is expected to be completed in approximately three weeks.

激電探測成功地發現了可能與細脈、硫化物和(或)鈷礦化有關的地球物理特徵。演習計劃已經開始,預計將在大約三週內完成。

The IP Survey Highlights:

知識產權調查要點:

  • Forty (40) individual chargeability anomalies across all eight (8) geophysical line-sections.
  • Two (2) main anomalous zones that correlate across the line-sections (AZ-1 and AZ-2).
  • Four (4) linear features traceable across a minimum of two line-sections that have potential to be a structure of interest. These are classified as 'First Priority Targets'.
  • The west side of the grid contains the strongest of the geophysical anomalies and has the longest correlate able linear feature trending roughly North-South.
  • The anomalies on the North-West part of the grid seem to positively correlate with the historical drilling assay results.
  • 所有八(8)條地球物理測線段中的四十(40)個單獨的可充電性異常。
  • 橫跨線段(AZ-1和AZ-2)相互關聯的兩(2)個主要異常帶。
  • 四(4)個可在至少兩個可能成為感興趣的結構的線段上追蹤的線狀特徵。這些被歸類為“第一優先目標”。
  • 網格的西側包含最強烈的地球物理異常,並具有大致南北趨勢的最長可關聯線性特徵。
  • 網格西北部的異常似乎與歷史鑽探化驗結果呈正相關。

The drill program has been planned to follow-up existing intercepts from the 2017-2018 drilling at depth as well as test the First Priority Target's outlined in the geophysical report. This year's drill program has an initial budget of $500,000.

該鑽探計劃是為了跟進2017-2018年深部鑽探的現有截獲情況,並測試地球物理報告中概述的第一優先目標。今年的演習項目的初始預算為50萬美元。

Prior diamond drilling results from the 2017-2018 drill campaign include:

2017-2018年鑽探活動之前的鑽石鑽探結果包括:

  • GB17-07 intersected 7.64% Co over 0.26m from 99.79 to 100.05m.
  • GB17-10 intersected 0.55% Co over 5.00m from 28.00 to 33.00m.
  • GB17-15 intersected 0.90% Cu over 20.20m from 42.50 to 62.70m, including 8.42% Co over 0.30m from 62.40 to 62.70m.
  • GB17-21 intersected 1.25% Cu over 6.10m from 67.50 to 73.60m, including 0.73% Co over 0.60m from 69.7 to 70.30m.
  • GB18-44 intersected 0.11% Co and 1.04% Cu over 8.40m from 110.60 to 119.00m.
  • GB17-07相交7.64%鈷0.26m,99.79~100.05m.
  • GB17-10相交 5.00米以上0.55%CO從28.00米增加到33.00米.
  • GB17-15含銅0.90%,20.20m以上42.50~62.70m,含鈷8.42%,0.30m以上62.40~62.70m.
  • GB17-21在67.50~73.60m的範圍內與6.10m以上的1.25%的銅相交,在69.7~70.30m的範圍內0.73%的鈷在0.60m以上相交.
  • GB18-44相交110.60~119.00m,8.40m以上,鈷0.11%,銅1.04%。

The above intervals represent core lengths, and not true widths (NI 43-101 Technical Report on the Teledyne Cobalt and Glencore Bucke Project Feb 4, 2021).

以上間隔代表巖心長度,而不是真實寬度(NI 43-101關於Teledyne Cobalt和Glencore Bucke項目的技術報告,2021年2月4日)。

The Glencore Bucke Property consists of two patented mining claims totaling approximately 16.2 ha in area located on the west boundary of 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物業包括位於Fuse的Teledyne Cobalt項目西面邊界地區的兩項合共約16.2公頃的專利採礦權。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)。

Figure 1: Overview of the Glencore Bucke area showing the Alpha IP lines, the geophysical anomalies, and potential target zones.

圖1:Glencore Bucke地區概況,顯示Alpha IP線、地球物理異常和潛在目標區。

The technical contents of this news release regarding previous drilling campaigns are contained in the NI 43-101 Technical Report on the Teledyne Cobalt and Glencore Bucke Project Feb 4, 2021, by Joerg Kleinboeck P. Geo and David Jamieson P. Geo and can be found on Sedar ()

本新聞稿中有關以前鑽探活動的技術內容包含在2021年2月4日由Joerg Kleinboeck P.Geo和David Jamieson P.Geo撰寫的NI 43-101關於Teledyne鈷和Glencore Bucke項目的技術報告中,可在Sedar()上找到。

Qualified Person

有資格的人

The technical contents of this news release have 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

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"
Robert Setter, President & CEO

《羅伯特·塞特》
總裁首席執行官羅伯特·塞特

Contact Information:
Email: info@fusecobalt.com
Phone: 236-521-0207

聯繫方式:
電子郵件:info@fusecobalt.com
電話:236-521-0207

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。

SOURCE: Fuse Cobalt Inc.

資料來源:FUSE鈷公司


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