Cobalt work programs are now underway!
Thank you for your interest in Cruz Cobalt Corp. As you can see there are many compelling reasons to look at Cruz Cobalt Corp immediately. Cruz has recently hired experienced geologists to begin operations on our Ontario, BC, Idaho, and Montana projects. Cruz has recently completed an airborne survey over our 4 Ontario cobalt prospects which has identified 6 primary cobalt targets. Airborne data gathered on Cruz’s 2 BC Cobalt properties has shown strong magnetic features within the cobalt prospects. Also, Cruz has mobilized crews and commenced work programs on Cruz’s 100-per-cent-owned Idaho Star cobalt prospect in Idaho, and Cruz’s 100-per-cent-owned Chicken Hawk Cobalt Prospect in Montana, USA.
According to President James Nelson, “Cruz employed early mover advantage as Cruz has been able to acquire, what we feel is one of the best collections of high grade cobalt prospects in North America before the majority of the recent cobalt entrants were in the space. Cruz currently has Six cobalt projects located in Canada, one in Idaho and one in Montana. Cruz’s 4 separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt. They include the 1,265 acre Coleman Cobalt Prospect, the 900 acre Johnson Cobalt Prospect, and the 1,580 acre Bucke Cobalt Prospect. The 4,980 acre Hector Cobalt Prospect covers multiple cobalt occurrences. Our 2 separate BC properties include the 11,821 acre Purcell Cobalt Prospect and the 15,219 acre War Eagle Cobalt Prospect. Cruz’s USA projects include the 1,940 acre Chicken Hawk prospect in Montana and the 880 acre Idaho Star prospect. Based on these projects, management feels that Cruz has amassed a quality portfolio of cobalt assets that have some of the highest historic cobalt grades in North America, which sets Cruz apart from most cobalt companies in the junior space.”
“We feel that 2018 will be a another break out year for cobalt prices and Cruz is well positioned to take full advantage of this. Cruz has the money already raised to commence full operations on these projects with our goal to make Cruz the ‘go-to’ North American Cobalt project generator and developer. 2018 will be an extremely active period for Cruz and management is optimistic about what will be discovered by Cruz on our cobalt properties.” states President Nelson.
Cruz has had one property transaction to date in line with the project generator and developer model. Cruz vended an Idaho Cobalt Property to US Cobalt Inc (USCO–TSX.v, SCTFF–USA) formerly named Scientific Metals Corp (STM–TSX.v, SCTFF–USA) in late 2016.
Cruz is fully cashed up and has already commenced operations on multiple projects in the USA and Canada.
Cobalt prices have increased significantly over the past 12 months and are now breaking out to new 10-year highs. We feel that cobalt prices could have the same type of parabolic move like lithium has had. Similar dynamics that have driven lithium prices higher are present in cobalt, and that is why Cruz established itself at the early stages of this sector move by securing multiple high-grade cobalt project.