The War Eagle cobalt prospect is located in British Columbia. There is a Minfile No. 082GNW076 on the prospect citing a report MC file 167-N1-2-3 from 1948 showing surface samples of 6.41 per cent cobalt, 3.59 per cent nickel and 7.25 per cent copper. It reports, ‘Old workings include a tunnel and some test pits, and the character of the orebody is in a fissure vein which outcrops almost continuously for 3,000 feet.; These numbers cannot be verified or relied upon at this time and we plan to dispatch crews to the property shortly to start operations on the prospect.
Cruz is actively engaged in acquiring and developing high grade Cobalt projects in politically stable, environmentally responsible and ethical mining jurisdictions. Cruz has already acquired several high-grade cobalt projects across North America. Seven cobalt projects are located in Canada, one in Idaho, and one in Montana. The goal of the company is to make Cruz the foremost cobalt project generator and developer on the TSX Venture Exchange. Management feels that cobalt is at the early stages of a significant bull market and we are pleased to be positioning Cruz at the forefront of this cycle.
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