Cruz Cobalt Corp. Significantly Increases Land Holdings in the Cobalt Region of Ontario
Cruz Cobalt Corp. (CUZ—TSXv, BKTPF—OTCBB, A2DMG8–FSE) is pleased to announce that the company has increased its acreage in the Cobalt District of Ontario. The new acreage is contiguous to the “Lorraine Cobalt Prospect” and now consists of 10,556 contiguous acres bordering First Cobalt Corp. (FCC-TSX.v) in the direct vicinity of the town of Cobalt, Ontario.
Cruz President, James Nelson, stated, “We are pleased to further expand our acreage in the historic cobalt camp in Ontario. Cruz is one of the single largest landholders behind First Cobalt Corp (FCC-TSX.v) with 5 separate cobalt prospects in the region. We feel that consolidation of the cobalt camps globally is inevitable and we are positioning Cruz to be a significant participant in the emerging Ontario Cobalt District. We plan to be very active in Ontario in 2018. The price per pound of cobalt has again made a new 10-year high this week, and cobalt has never been more in focus as the world is moving towards full scale electric car adoption. The demand for battery metals appears to be at the start of long term super cycle and Cruz is positioning itself early for this cycle.”
Recently (January 22, 2018) Cruz increased its acreage on the “Purcell Cobalt Prospect” from 671 acres to 11,821 acres, consolidating the previous two separate Purcell prospects into one much larger contiguous prospect. Also on January 16, 2018 Cruz increased its landholdings surrounding the War Eagle cobalt prospect in BC. Cruz now has a 100% interest in 15,219 acres on the War Eagle cobalt prospect. Cruz also just recently completed an airborne survey over the War Eagle and Purcell cobalt prospects in BC and uncovered strong magnetic anomalies (announced January 19, 2018). Management is now working diligently on advancing these two BC cobalt prospects.
Cruz currently has nine cobalt projects located throughout North America, comprising of five in Ontario, two in British Columbia, one in Idaho and one in Montana. Cruz’s five separate Ontario cobalt prospects are all located in the vicinity of the town of Cobalt making Cruz one of the largest landholders in this emerging cobalt district. Cruz’s Ontario projects include the 1,265 acre Coleman cobalt prospect, the 900 acre Johnson cobalt prospect, the 4,980 acre Hector cobalt prospect, the 1,580 acre Bucke cobalt prospect and now the 10,556 Lorraine cobalt prospect. The company’s BC prospects include the 15,219 acre War Eagle cobalt prospect and the 11,821 acre Purcell prospect. Cruz’s USA projects include the 1,940 acre Chicken Hawk prospect in Montana and the 880 acre Idaho Star prospect.
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
If you would like to be added to Cruz’s email list please send an email to [email protected] or twitter @CruzCobalt
James Nelson
President
604.899.9150
Toll free 1.855.599.9150
www.cruzcobaltcorp.com
twitter @CruzCobalt
Below is the historical Lithium price (USD$) per metric tonne
As you can see in the map below, Cruz Cobalt also has exposure to the lithium market through its property that is strategically located in the Clayton Valley of Nevada with access to deepest parts of the only lithium brine basin in production in North America.
Planned Lithium-Ion Battery Megafactories:
DR Congo: Several deaths in anti-Kabila protests
Image copyright REUTERSAt least six people have been killed in widespread protests in the Democratic Republic of Congo, United Nations sources say.
Protesters are demanding that President Joseph Kabila – whose expected term of office expired more than a year ago – should step down.
Police have used tear gas to disperse protesters in Kinshasa, where UN peacekeepers have been deployed.
Similar demonstrations three weeks ago led to a number of deaths.
A spokesman for the UN mission to the country said about 50 people were injured in Sunday’s clashes and that dozens had been arrested.
Jean-Baptise Sondji, a former minister, told AFP he had witnessed the death of a 16-year-old girl outside a church in the Kitambo area of the capital.
“An armoured car passed in front of the church. They began firing live bullets, I protected myself… a girl who was at the left side door of the church was hit,” he said.
The widespread marches had been called for by the country’s Catholic Church, which appealed for a large but peaceful demonstration.
The Congolese authorities, however, banned the marches and no formal permission was given. On Saturday evening, internet access in the capital Kinshasa was cut.
Police warned that they would not tolerate “any attempt to disturb public order.”
Image copyright REUTERSDespite the ban, protesters gathered after morning Mass on Sunday to march through the streets, accompanied by members of the clergy.
Local media outlet Radio Okapi reported protests in Kinshasa, Kisangani, and Bukavu. Other cities remain quiet, it reports, though a heavy police presence has been seen in many places.
Radio Okapi also later said that one of its journalists had been wounded by a bullet in the Lemba district of the capital.
The UN mission in the country – which has been running continuously since 1999 – said it deployed its troops to the streets to observe and record any violence.
- DR Congo protests: Why have they erupted?
- President Kabila warns foreign powers
- ‘My husband was beheaded’
President Kabila has been in power since 2001, and was supposed to step down after his second and final term came to an end in 2016.
Under a deal reached more than a year ago, he was due to step down by the end of 2017 – but that has not happened.
Instead, the election to replace him, originally planned for 2016, has now been delayed until December 2018.
The country’s powerful Catholic Church has been a voice of opposition to Mr Kabila. The Church also called for the demonstrations in late December which led to at least seven deaths, according to UN peacekeepers.
Dozens were arrested in the aftermath of those protests.
Sunday’s demonstrations were also backed by the country’s Muslim community. Before the march, representative Cheikh Ali Mwinyi M’Kuur told AFP: “I ask the authorities to avoid repressing the march.”
“If they decide to repress, there will be no peace. But if they let the march take place, they will respect the constitution and peace will prevail,” he said.
DR Congo’s evangelical Christian churches also lent their support to the march organised by their Catholic counterparts.
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