Cruz Cobalt finishes Hector drill program near Cobalt, ON

Cruz Cobalt Corp. says drilling has now been completed on the company's Hector Silver-Cobalt project located in the historic silver-cobalt producing region of Cobalt. 

Cruz completed three drill holes of exploration diamond drilling to a depth of approximately 820 metres within the Hector Property. The premise of the drill program was to follow-up on base-of-diabase sill cobalt-silver targets at depth beneath historical trench and 2018 surface rock, soil, and shallow diamond drilling cobalt-silver prospects within the Hector Cobalt Property. Approximately 150 samples were submitted to ALS Labs of Sudbury, ON, and drill results are expected to be received in approximately six to twelve weeks due to Covid-19.

Given the reconnaissance nature of the 2018 diamond drill program, no drill hole pierced lower contact of the diabase into the underlying Coleman Member and/or Archean basement. Surface soil and rock geochemical anomalies and cobalt in diamond drill intercepts are interpreted to represent high-level expressions of potential Archean unconformity-associated silver-cobalt vein mineralization; the geologic setting from which the majority of historic Cobalt Camp silver production occurred.

Cruz is one of the largest landholders in the historic silver-cobalt producing region of Cobalt, Ontario, with five separate projects in the world-famous silver-cobalt camp. Cruz's projects are in the direct vicinity of First Cobalt Corp. On Dec. 22, 2020, the government of Canada and the government of Ontario announced a joint $10-million investment in the First Cobalt Corp. refinery in Cobalt, Ontario. 

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