Cruz Cobalt to Make Application for Exploration Permit on the Johnson Cobalt Prospect in Ontario
Vancouver, British Columbia (Newsfile Corp. - March 16, 2017) - Cruz Cobalt Corp. (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2AG5M) is making an application for an exploration permit on its Johnson Cobalt Prospect. This prospect is located in the vicinity of the city of Cobalt, home to one of the largest cobalt/silver districts in North America. This permit will cover the following activities of mechanized drilling, mechanized stripping, the pitting and trenching of bedrock, and line cutting.
Cruz President, James Nelson, stated, 'We are pleased to have started the process to be able to commence work on another of our cobalt prospects in Ontario. We have now started the process on two separate cobalt prospects in the premier address for cobalt in Canada. Cruz has amassed one of the largest land packages in the cobalt district right around the city of Cobalt and we plan to be active on all of these projects this season. Cruz will be one of the most active juniors in the region, and being one of the first entrants in the cobalt space gives Cruz an early mover advantage by being able to hand pick its Cobalt prospects, before most new entrants considered cobalt as a target. Cruz has enough cash on hand to commence operations on all the Ontario Cobalt Projects'
Cruz currently has seven cobalt projects located in Canada, one in Idaho and now one in Montana. Cruz's four separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt making Cruz one of the largest land holders in this emerging cobalt district. The 900-acre Coleman cobalt prospect, the 900-acre Johnson Cobalt Prospect, the 5500 acre Hector Cobalt Prospect and the 1,480-acre Bucke Cobalt Prospect. Our 4935 acre War Eagle Cobalt Prospect in British Columbia covers a past-producing mine.
The technical contents of this release were approved by Greg Thomson, P.Geo., a qualified person as defined by National Instrument 43-101.
James NelsonPresident604.899.9150Toll free 1.855.599.9150
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Company: Cruz Cobalt Corp.
Canada ISIN: CA22888P1053 End of News DGAP News Service