Cruz Cobalt to apply for Bucke exploration permit
– Momentum Public Relations –
Press Release: February 24, 2017
Cruz Cobalt Corp. is making an application for an exploration permit on its Bucke cobalt prospect. This prospect is located in the vicinity of the city of Cobalt, home to one of the largest cobalt/silver districts in North America. This permit will cover the following activities of mechanized drilling, mechanized stripping, pitting and trenching of bedrock, and line cutting.
President James Nelson stated: “We are very pleased to initiate the application process which will enable Cruz to commence operations on the Bucke cobalt prospect near the town of Cobalt, Ont. Cruz has eight separate cobalt prospects, four in Ontario, three in British Columbia and one in Idaho. Cobalt prices have just established five-year highs and the price is up more than 100 per cent in the past 12 months. Management is optimistic about the cobalt trend and look forward to getting boots on the ground shortly on this cobalt prospect.”
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