• TSX-V: FMC

Quartz Gulch Cobalt Exporation Project


Ownership:100%
Stage:Noranda, a previous explorer of the Idaho Cobalt Belt completed a regional geological and stream sediment sampling study in the late 1970’s/early 1980’s establishing the Quartz Gulch property as prospective for stratabound cobalt mineralization and cobalt hosted in quartz-tourmaline breccias. Noranda recognized Quartz Gulch as a priority exploration target for finding future reserves for its Blackbird Mine but the property was never drilled.
Size:127 claims totaling 10.65 square kilometres
Location &
Infrastructure
The Idaho Cobalt Belt has highly developed infrastructure and the Quartz Gulch property is easily accessed via the main road to the past producing Blackbird mine.
Regional
Significance
The only permitted cobalt mine under development in North America is found in the Idaho Cobalt Belt. With more than 60% of the world’s cobalt supply coming from the Democratic Republic of Congo in central Africa, the Idaho Cobalt Belt is expected to emerge as a significant source of domestically produced cobalt to supply the emerging electric vehicle market.
Significant
Comparable
Deposits
Quartz Gulch is located approximately 5 kms to the southeast of the past producing Blackbird cobalt mine (Noranda) and the eCobalt Solutions Idaho Cobalt Project, the only permitted cobalt mine under development in North America.

Outlook:

  • Prospecting, mapping and soil sampling is expected to begin during the fourth quarter of 2018.


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