Quantum Cobalt samples 10.59% and 2.22% cobalt in historic development rock pile on Kahuna Project

Quantum Cobalt samples 10.59% and 2.22% cobalt in historic development rock pile on Kahuna Project

Canada NewsWire

VANCOUVER, Dec. 18, 2017 /CNW/ – Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23B) (“Quantum” or the “Company”) wishes to announce results from the 100% owned Kahuna and Rabbit Lake Cobalt Properties (collectively, the “Properties” or the “Property”). The Kahuna and Rabbit Lake Properties lie in the famous OntarioCobalt‘ district approximately 37km and 47km south of the town of Cobalt, Ontario respectively.

Quantum Cobalt Corp. (CNW Group/Quantum Cobalt Corp.)

Kahuna Cobalt Property Results
The recent exploration program consisted of prospecting, geologic mapping and geochemical sampling. A total of 166 soil samples and 28 grab samples were collected and submitted for assay at Acme Laboratories in Timmins, ON. Eleven of the grab samples reported above 100ppm cobalt. Of the 11 samples, 9 were collected from historic development rock piles at historic workings.  Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property. 


Sample No.


Sample Type


Sample Source


Cobalt (%)


Nickel (ppm)


Silver (g/t)

E6690521

Grab

Historic Working Pile


10.59

9200.1

11.1

E6690523

Grab

Historic Working Pile


2.22

1298.7

1.6

E6690504

Grab

Historic Working Pile

0.82

295.5

0.5

E6690506

Grab

Historic Working Pile

0.15

105.9

0.4

E6690507

Grab

Historic Working Pile

0.10

84

0.02

E6690525

Grab

Historic Working Pile

0.10

202.2

0.05

Preliminary review of results from the limited soil sampling program identifies two anomalous areas along strike of historic workings with peak values of up to 460ppm cobalt. The southeastern anomaly is approximately 150m long and is open to the southeast and northwest.

Rabbit Lake Cobalt Property Results
A recent exploration program was completed over the property, with 126 soil samples and 29 rock samples collected and submitted for assay at Acme Laboratories in Timmins, ON. Peak results in soil samples included 319.9ppm cobalt and 0.31 g/t gold.

The historic occurrence on the shoreline of Rabbit Lake is believed to now occur below water level, but mineralisation within structures as well as elevated cobalt in soil samples is observed in the immediate vicinity.

Interestingly, the soil samples identified another anomalous zone further south along strike from the historic occurrence. Following these results, additional field work and investigation will be conducted in the spring.

About the Kahuna Cobalt Property:

Location
The Kahuna Cobalt property is located 14 km northeast of the town of Temagami and 37km south of the town of Cobalt near the eastern border of Ontario. The district is mining friendly having a rich history of cobalt and silver production. The epicentre of past producing cobalt mines in Ontario.

Property Status and Configuration
The Kahuna Cobalt property is comprised of 77 claim units and covers approximately 1,200 hectares.

Access and Infrastructure
The Property is accessible by boat from Lorrain Lake which is accessed by 12 km of well maintained gravel surface roads off of leaving a major paved highway connecting the nearby town of Temagami and New Liskeard. The property is located 12 km from rail and power distribution lines.

Mineralization
Cobalt and silver mineralization occurs in calcite veins within the Nipissing Diabase as erythrite and native silver. The grade of 5 tonnes of material collected during past production was reported to be 22% Cobalt, and an assay of 20 oz/t Silver was reportedly obtained from a vein on the property.

History
Friday Mines Limited operated the property in the 1920’s sinking a shaft and drifting on a 10 inch wide calcite vein with cobalt mineralization. 5 tonnes of cobalt mineralization was produced with a grade of 22% Co. In the 1960’s, Gibson Mines Limited explored the property and found cobalt and silver mineralization. An assay of 20 oz/t silver was reportedly obtained from a vein as well. More recently, in 1998 a portion of the property was staked and a small soil survey reported cobalt in soil up to 440 ppm as well as gold-in-soil anomalies.

The historical information for the Kahuna Cobalt Property provided in Mineralization and History was obtained from the Mineral Deposit Inventory Report MDI31M04SE00035. The details of which are presented to provide a mineral potential and historical work perspective, and any sampling, analytical or test data underlying the information or opinions have not been verified by a Qualified Person. The Company intends to include check sampling during the current exploration phase.

Qualified Person
Michael Waldegger, P.Geo, is the qualified person as defined in NI 43-101, that has reviewed and approved the contents of this press release.

QUANTUM COBALT CORP.

“Greg Burns”
______________________
Greg Burns, Director


Forward-Looking Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Quantum Cobalt Corp. (the “Company”) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

SOURCE Quantum Cobalt Corp.

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Rock Tech Obtains LEI Number

Rock Tech Obtains LEI Number

Canada NewsWire

VANCOUVER, Dec. 18, 2017 /CNW/ – Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] announces that it has been granted a Legal Entity Identifier (“LEI”). The Company’s LEI code is 529900SUTRHXAAHH7648.

Company Logo (CNW Group/Rock Tech Lithium Inc.)

About the Legal Entity Identifier

The LEI initiative is designed to create a global reference data system that uniquely identifies every legal entity or structure, in any jurisdiction, that is party to a financial transaction. Endorsed by the G20, the establishment of a Global LEI System (“GLEIS”) is critical to improving measurement and monitoring of systemic risk. Global, standardised LEIs will enable regulators and organisations to more effectively measure and manage counterparty exposure while also resolving long standing issues on entity identification across the globe.

About Rock Tech Lithium:

Rock Tech Lithium is an exploration company focused on acquiring and exploring properties in the field of lithium and other selected battery metals.

Rock Tech is the only exploration company in the Georgia Lake region with an NI 43-101 resource estimate. The resource estimate shows an indicated resource estimate of 3.19 million tonnes grading 1.10% lithium oxide in addition to an inferred resource estimate of 6.31 million tonnes grading 1.00% lithium oxide. Further, the Company has completed metallurgical testing on a bulk sample demonstrating the ability to produce both a high-grade spodumene concentrate and battery-grade lithium carbonate (“Li2CO3”). The spodumene-bearing pegmatites of the Georgia Lake area were originally discovered in 1955.

On behalf of the Board of Directors of the Company,

“Martin Stephan”
Martin Stephan
Director, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

SOURCE Rock Tech Lithium Inc.

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Clean Commodities Corp. Announces Exploration Plans at Quebec Lithium Project by Earn-In Partner Cameo Resources Corp.

Clean Commodities Corp. Announces Exploration Plans at Quebec Lithium Project by Earn-In Partner Cameo Resources Corp.

Canada NewsWire

VANCOUVER, Dec. 18, 2017 /CNW/ – Clean Commodities Corp. (TSX VENTURE: CLE)(FRANKFURT: A2ALYM)(“Clean Commodities” or the “Corporation”) is pleased to report that it has been advised by Cameo Resources Corp. (“Cameo Resources“) of their 2018 exploration plans at the Dumont and Spodumene Lake Lithium Projects under option to Cameo Resources. The planned work advised by Cameo Resources is to consist of traverses, mapping and sampling designed to identify potential lithium-bearing pegmatites and is expected to commence in mid-2018 once ground conditions permit (see also news release by Cameo Resources dated same).

“Clean Commodities is pleased to have partnered with Cameo Resources on our Whabouchi Regional Lithium project located near the advanced lithium deposit being moved forward by Nemaska Lithium. The option agreement with Cameo Resources is part of our overall strategy of unlocking project value that already sits within Clean Commodities. We have assembled an attractive portfolio of energy metals (Lithium, Cobalt, Uranium) which we believe can be further advanced to deliver shareholder value. Our arrangement with Cameo Resources, which proposes to spend $5 million in exploration over 4 years is a non-dilutive mechanism to advance our Spodumene Lake and Dumont lithium projects. Clean has also recently completed a $1.5 million dollar oversubscribed financing and is well funded for 2018. With electric cars coming into the mainstream, Clean Commodities should enjoy an active year of exploration ahead given upward market pressure on battery metals,” stated Ryan Kalt, CEO of Clean Commodities.

Under the arrangement, Cameo Resources has the option to acquire an 80% interest in the Dumont and Spodumene Lake projects (the “Whabouchi Regional Lithium Project”) by completing $5,000,000 of exploration work over a four year period (being the completion of $500,000 of work in year one, $1,000,000 of work in year two, $1,500,000 of work in year three and $2,000,000 of work in year four), issuing 500,000 common shares of Cameo Resources to Clean Commodities and payment of $25,000 related to certain expenses (see news release dated November 30, 2017, Clean Commodities Corp. Announces Option Partner at Dumont and Spodumene Lake Lithium Projects Under $5M Exploration Earn-In Arrangement).

Subject to completion of the earn-in by Cameo Resources, the parties would form a joint-venture related to the Whabouchi Regional Lithium Project with Cameo Resources to serve as the operator.   

Full information on the Dumont and Spodumene Lake projects is available at:
https://www.cleancommodities.com/dumont-lithium-project

About Clean Commodities Corp.

Clean Commodities Corp. (TSXV:CLE) is an exploration company involved in a diverse portfolio of clean commodity assets including lithium and uranium projects. For more information, please visit www.cleancommodities.com.

Signed,

Ryan Kalt, Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Clean Commodities Corp.

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