US COBALT PROVIDES PROGRESS UPDATE AT THE IRON CREEK COBALT PROJECT
July 18, 2017 – VANCOUVER, BRITISH COLUMBIA – US Cobalt Inc. (the “Company“) (TSXV: USCO) (Frankfurt: 26X) (OTCQB: SCTFF) announces that the channel sampling program from within the underground adit at the Iron Creek cobalt project (the “Property“) in Lemhi County, Idaho, USA, is near completion.
The samples will be shipped to a nearby lab for assay and testing on a rush basis. There are currently two drills operating on site and two additional drills have been requested, subject to availability, to be delivered in order to accelerate the summer drill campaign. Wayne Tisdale, CEO of the Company commented, “With the price of cobalt cresting 6 year highs, we feel that it’s of paramount importance to move our exploration along as quickly as possible in an effort to redefine our historical estimates and add value to our shareholders. We will inform our shareholders as work progresses.”
Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the “qualified person” as defined in NI 43-101, who has reviewed and approved the technical content in this press release.
For additional information please contact:
US Cobalt Inc.
Wayne Tisdale, President
T: (604) 639-4457
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the proposed exploration program on the Property. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
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