New shallow drilling returns discovery of strong nickel and cobalt mineralization – marketwatch 76 gas station jobs


VANCOUVER, British Columbia, March 05, 2019 q gas station cleveland ohio (GLOBE NEWSWIRE) — Pacific Rim Cobalt Corp. (the Company or Pacific Rim Cobalt) (otcqb:PCRCF) (frankfurt:NXFE) is pleased to announce assay results from the ongoing 2019 drilling campaign at the Cyclops, Nickel/Cobalt Project Indonesia, located proximal to the world’s largest electric vehicle battery market.

The drilling confirms the development of a complete mineralized laterite profile and is starting to confirm grades and widths which form the basis of the Historical Estimate [1 ] for the Project. Mineralization occurs from surface with elevated cobalt values of up to 0.24% encountered in the limonite layer and is underlain immediately by the limonite transition and saprolite zones containing elevated nickel values of up to 2.65%.

The Cyclops project was acquired following extensive due diligence on over 40 projects across Indonesia. The latest drill results continue to confirm our initial impression/assessment/observations of the project’s potential which is beneficially located in proximity to the world’s largest buyer of battery metals, remarked Ranjeet Sundher, Chief Executive Officer of Pacific Rim Cobalt. We expect the near-surface nature of cobalt/nickel mineralization at the Cyclops project will lend itself well to low-cost, logistically straightforward drilling electricity cost nyc. We thus anticipate the opportunity to undertake a resource calculation study, as well as ongoing metallurgy and process option testing, will present itself in the near future.

Members of the Company’s in country team responsible for conducting community relations, recently completed the necessary agreements to start accessing areas of the project hosting the historically identified core mineralized zones. The Company is now well positioned to undertake all facets of its programs fundamental to publishing a resource calculation in 2019.

A 50-hole core drilling program commenced in mid-January 2019 on areas of laterite delineated by a geological mapping and a hand augur geochemistry program electricity usage calculator kwh. A total of 15 holes have been completed to date for a total of 255 m. Hole depths ranged from 13m to 29m and where possible were drilled to fresh rock in order to intersect the full laterite profile. First pass drilling is being completed initially on a 100m grid pattern to be followed up by holes on a 50m grid over anomalous zones intersected.

The project area located in Papua Province, Indonesia, benefits from excellent infrastructure, including proximity to a work force and supplies, sealed roads, ocean access, nearby port facility, and gentle topography. The road system enables year-round access to the project and connects it with the large town of Sentani, located about 15 kilometres (kms) to the east, and with Jayapura, the capital city of Papua province, located about 40kms to the east.

The mass adoption of the electric vehicle and the roll out of energy storage systems is underway. Look no further than acceleration gas in babies that breastfeed of recent electric vehicle (EV) sales and headlines around energy storage systems being sold globally. Over the past five years approximately 5 million EVs have been sold. In the past twelve months 1 million EVs have been sold and over the next twelve months we are on pace to sell another 1.5 million EVs. Battery storage facilities are being connected to wind farms and solar at an exponential rate.

All drilling results discussed in the press release are electricity vancouver wa JORC compliant with all protocols in place. Assaying was completed at the Geo Assay Laboratory – PT. Geoservices, Cikarang, Jakarta. The Geo Assay Laboratory analysed the samples using the XRF fusion method. PT Geoservices Ltd – Geo Assay Laboratory employed industry standard internal QA/QC methods that Pacific Rim Cobalt reviewed and found acceptable.

The Company also announces that it plans to to complete a debt settlement with three creditors (the Debt Settlement). The Debt Settlement will result in an aggregate of $108,000.00 of indebtedness being retired in consideration for the issuance of 600,000 common shares at a price of $0.18 per common share. The indebtedness is held gas 10 8 schlauchadapter by arm’s length parties and will not result in the creation of a new insider or a new control person. The Debt Settlement remains subject to Canadian Securities Exchange approval.

A historical estimate, which dates from before the requirement for uniform regulatory compliance and therefore fails to meet the current standards of National Instrument 43-101, is being referenced as a guide for Pacific Rim Cobalt’s 2018 work program. This early data employed measurements still in use today and indicate mineralization from surface with an estimated potential of 37 million tonnes of 0.11 per cent cobalt and 1.31 per cent nickel at a 0.8-per-cent-nickel-cut-off grade. The company intends to validate the resource and, where possible, expand upon the historical estimate, as only five of the nine known cobalt/nickel occurrences were the subject of the historical gas examples matter studies. The company affirms this data in no way implies an estimated resource valuation but are offered as a basis for its current exploratory efforts and approach.

Pacific Rim Cobalt considers the cobalt and nickel tonnage and grade estimates contained herein to be historical estimates. The historical estimates are contained in the summary geologic investigations, PT Pacific Nikkel Indonesia 1969 (Reynolds, 1979). These historical estimates do not use categories that conform to current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definition standards on mineral resources and mineral reserves as outlined in National Instrument 43-101 (Standards of Disclosure for gas vs diesel Mineral Projects) and have not been redefined to conform to current CIM definition standards. These estimates were prepared in the 1980s prior to the adoption and implementation of NI 43-101. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources electricity production in north korea, and Pacific Rim Cobalt is not treating the historical estimates as current mineral resources. More work, including, but not limited to drilling will be required to conform the estimates to current CIM definition standards. Investors are cautioned that the historical estimates do not mean or imply that economic deposits exist on the company’s project. Efforts to obtain any additional information regarding relevant historical work are continuing, although there are no assurances that these original data will be found. Pacific Rim Cobalt believes that the historical estimates are relevant to continuing exploration on the project. For more information, please refer to the technical report, filed on SEDAR on Dec. 8, 2017, and available under the company’s profile at SEDAR.

This news release may contain statements which constitute forward-looking informationthat are subject to risks and uncertainties. All statements herein, other than statements of historical fact, are to be considered forward-looking, including statements regarding the plans, intentions, beliefs and current quadcopter gas engine expectations of the Company, its directors, or its officers with respect to the future business activities of the Company and with respect to the results of exploration and prospective plans in regards to the Cyclops project. The words may, would, could, will, intend, plan gastroenteritis, anticipate, believe, estimate, expect and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Information provided in this document is necessarily summarized and may not contain all available material information.Although Pacific Rim Cobalt has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, success of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such gas leak smell information will prove accurate and, therefore, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.