register free | resend password

M2 Cobalt Discovers New Anomalies with Showings Of 37.8 % Copper and 18.15 G/t Gold within Its New Kilembe-Area Exploration Licences - Expands Regional Play and Launches Drilling at Bujagali

ID: 1549347
recent pressrelease next pressrelease

(PresseBox) - M2 Cobalt Corp. (the ?Company? - (TSXV: MC.V) (OTCQB: MCCBF) (Frankfurt: AOK) is pleased to provide an update on its 2019 exploration program launched in March 2019. In addition to conducting further infill sampling around its Waragi and Nile targets, ground geophysics and geochemistry have commenced across the new exploration licenses acquired in October 2018 at Bujagali and in the Kilembe area.

To-date in 2019, 509 rock and 3,153 soil samples have been collected within the new and existing licences.

Of the rock grab samples collected within the new Kilembe-area licenses, 114 results have been received.

In addition to the rock grab samples, a 25m by 25m spaced soil grid was completed at the Senator target.

Of the rock grab sample results received from Bujagali, 88 samples contain results from 0.1 percent cobalt (?%Co?) to 2.5 %Co and 71 samples contain from 0.1 %Cu to 1.82 ).

Rock grab samples are by their nature selective and are not necessarily indicative of the general geology or grade within the property.

The Company has also commenced drilling at its Bujagali completed by the two companies.

The Company has signed a drill contract with ADT Africa for the drill program and crews and support staff have been mobilized to the Company?s Waragai and Bombo targets at the Bujagali Property.

The Company continues to collect high resolution ground magnetics and induced polarization geophysics (?IP?) and to conduct mapping along the Waragi trend.

Induced Polarization geophysics (?IP?) is now complete at Bombo. This, combined with geochemical results from 2018, has been used to delineate the placement of specific drill collars.

Simon Clarke, CEO"we are continuing to build on and delineate our Katanga-Style regional cobalt-copper targets and are very pleased with the large scale of the regional play that is emerging. We are excited to have mobilized drill rigs onto two key cobalt-copper targets as well as our nickel-copper-cobalt targets at Bombo.

We are also very pleased with initial exploration results from our new Kilembe-area licenses and, in particular, the high grades of the sampling conducted to-date. These new licenses expand our foot-print around the historic Kilembe mine which produced significant amounts of copper and cobalt whilst in operation.?

Quality Assurance

All rock and soil samples are sent to ALS Chemex South Africa (Pty) Ltd., an independent and fully accredited laboratory in South Africa for analysis for gold multi-element Induction Coupled Plasma Spectroscopy.

About M2Cobalt

M2 Cobalt Corp. is focused on discovering and developing world-class cobalt assets (and related minerals) to help address the growing deficit in the supply of cobalt. The Company has a large, highly prospective land package in the Republic of Uganda, East Africa bordering historic production and on the same mineral trends as some of the major mines in the neighboring DRC where over 60% of world cobalt supply originates. Uganda is a stable country with a growing economy looking to re-energize its historic mining industry. The Company has a highly experienced management team and board of directors, which has been involved in funding and advancing resource projects globally. Further information on the Company and its projects can be found

The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., the Technical Advisor of the Company and a Qualified Person as defined by National Instrument 43-101.

For further information, contact Simon Clarke at sclarke(at) or Andy Edelmeier at andy(at)

On behalf of the Board,


Simon Clarke, Chief Executive Officer

In Europe:

Swiss Resource Capital AG

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

This news release may contain certain ?Forward-Looking Statements? within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words ?anticipate?, ?believe?, ?estimate?, ?expect?, ?target, ?plan?, ?forecast?, ?may?, ?schedule? and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to exploration work to be undertaken in Uganda, the reliability of third party information, and certain other factors or information. Such statements represent the Company?s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

More information:
http:// https://

Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: PresseBox
print pressrelease  send to a friend  

Date: 05/24/2019 - 11:35
Language: English
News-ID 1549347
Character count: 4190
Firma: Swiss Resource Capital AG
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Vancouver, British Columbia


Number of hits: 919


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 66

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.