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ePower Metals purchases Connel Creek Cobalt Project in Lillooet Mining District BC

Mining News - Published on Fri, 21 Sep 2018

Image Source: investingnews.com
ePower Metals Inc. purchased the 1,500 ha Connel Creek Cobalt Project in the Lillooet Mining District British Columbia from Paul D. Gray for a cash payment of USD 5,000 and 25,000 common shares.

The Connell Creek Cobalt Property
The Connel Creek property covers a historic 400m x 200m Co-Ni-As in soil anomaly detected in the late 1990s during regional gold exploration. The property lies near the headwaters of Connel Creek and the soil anomaly is supported by regional geochemical samples from the BC Geological Survey (GeoFile 2017-11). The property is underlain by rocks of the Cayoosh assemblage, which also hosts the Bralorne Au deposit. The property lies proximal to the Cadwallader Fault and serpentinized ultramafic rocks of the Bridge River Complex. The property is considered prospective for high grade Co-Au mineralization similar to the historic Little Gem deposit.

The Connel Creek project is bordered to the west and south by the Cobalt One Claim package which is now owned by Blackstone Minerals Limited, (Blackstone). Blackstone owns claims over distance 40km in close relation to the Caderwaller Fault including both the Little Gem and Jewel cobalt claims to the north west of the Bralorne Mine.

The property is located in the Lillooet Mining Division, 41 km west of the town of Lillooet, BC, and 47 km Northeast of Pemberton, BC. The property has no road access, but dry weather roads are as close as 8km east within Cadwallader Creek and the Bridge River Road along the north shore of Anderson Lake, 9 km to the south.

Michael Collins, President and CEO of ePower Metals comments, “ePower is pleased to have identified this excellent cobalt target in British Columbia and we look forward to releasing initial results this fall. Connel Creek is an inexpensive acquisition with the potential for high grade mineralization. The Company will continue to expand and develop its cobalt portfolio in this long term cobalt market.“

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Posted By : Rabi Wangkhem on Fri, 21 Sep 2018
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