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Primary Cobalt completes acquisition of RD cobalt/gold property

Last updated: 17:02 30 Aug 2018 BST, First published: 12:02 30 Aug 2018 BST

1535645077_cobalt-on-periodic-table
Pictured is cobalt on the periodic table

Primary Cobalt Corp (CSE:PRIM) told investors it had completed its acquisition of the RD cobalt/gold property in Hazelton, British Columbia.

The RD project consists of five contiguous mineral claims that cover an area of around 7,327 ha (hectares).

It lies around 1 km south of the Yellowhead Highway, a major  highway in western Canada.

It also encompasses several historic copper, gold and cobalt mineral showings, including Golden Wonder, Daley West, Hecla, Black Prince, Blue Lake, and Silvertip Glacier.

The Golden Wonder Showing has received the most attention historically, with exploration work recorded as early as 1912

"With the 100% ownership in our Hazeleton RD project, is another great step forward for Primary," said Patrick Morris, the chief executive and president at Primary Cobalt.

"We are very pleased with sample values from this summer's work program and excited to see the significant increase in strike length at the Golden wonder target."

On Monday this week, the company said this year's 2018 field program at RD Cobalt had showed  results from the Golden Wonder area revealed an expanded zone of possible gold, copper and cobalt deposits.

The firm said crews from Dahrouge Geological Consulting had completed a 16-day exploration program in late June, which included detailed mapping and sampling of the Golden Wonder area.

A total of 85 rock samples and 287 soil samples were collected and sent to Actlabs for analysis.