A drilling programme has been planned by Quantum Cobalt Corp. (subject to permission) to determine the size of a dump pile of material that was excavated during historic underground development work at the Nipissing Lorrain Mine Cobalt-Silver-Nickel Property (collectively, the Nipissing Lorrain Mine Property) located 26 km South East of Cobalt, Ontario. The company intends to use this information to prepare a mineral resource estimate (per CIM definitions) and file a technical report on SEDAR.
Following a successful sampling programme over the historic waste pile in late 2017, Quantum has planned and budgeted for a tightly spaced grid of reverse circulation (RC) drill holes to collect representative samples and dimensions of the pile. The company intends to begin the process of obtaining permission immediately and is to return to the site as soon as weather conditions and permission has been secured, in order to carry out the systematic definition of the pile.
A recently completed first phase exploration programme included grab samples from the historic development rock pile of the historically mined 'Staples Vein'. The average grade of the 15 previously released samples sent for assay from the pile was over 2.33% Co, with a peak value of 8.33% Co. The grab samples were carefully selected and are not necessarily representative of the mineralisation hosted on the property.