Global Cobalt Corp. Reports Positive Additional Assay Results from Drilling Program at Karakul Cobalt Project in Altai Republic of Russia
each other and appear to validate a previously defined mineralised zone from Soviet data. These results demonstrate excellent width and continuity and represent a 75m down dip extension of the mineralised zone. The zone remains open to depth. The deepest intercepts from Holes #197 (59.9m-62.8m), #198 (156.7m-160.4m) and #199 (221.2m-224.5m) represents a well-defined zone of mineralisation that corresponds well with historic drilling results. Based on assay results, the zone shows good widths and strong grades across all potential economic metals. The deepest intercept in Hole #199 (221.2m-224.5m) is located approximately 200m below surface and has returned the cobalt, copper, bismuth, tungsten and silver grades from the current drilling program. The mineralizing system appears to remain open at depth. Hole #200 was drilled on Section 46, approximately 50m south of Section 45.5, and was designed to confirm two mineralised zones as defined by historic drilling. The intersection at 95.2m-100.6m appears to validate the more shallow zone and the intercept at 181.6m-184.0m validates the deepest mineralised zone on the section. Both new intercepts represent a down dip extension of mineralisation of approximately 60m. The hole also identified a new, potentially significant zone (142.0m-148.6m) intermediate to the known zones. All zones remain open at depth.