Cruz Cobalt Corp. (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2AG5M) is
pleased to announce that the company has closed on the recently
announced Chicken Hawk Cobalt Prospect in Montana USA. This new
prospect consists of 64 contiguous lode claims covering approximately
1,300 acres. The Chicken Hawk cobalt prospect claims are located on the
western edge of the Boulder batholith and east of the Cordilleran fold
and Thrust belt in southwestern Montana. Covering a boundary between a
Cretaceous granodiorite and the Lowland Creek volcanics from the Eocene,
the eight current claims are in the vicinity of a total of four
volcanic rock suites. Cobalt, the primary targeted commodity of the
Chicken Hawk, is occurring in the pyritized andesite and as cobaltian
arsenopyrite; the sulphides are pnuematolytic in origin. The 64 claims
surround four patented claims, no less than 15 unclaimed prospects, and
three unclaimed adits.
Cruz President, James Nelson, stated, “We
are pleased to have closed on this additional Cobalt Prospect. Cruz is
focused on acquiring, developing or joint venturing high quality cobalt
prospects. Cruz currently has approximately $1,950,000.00 in cash and
securities on hand as of today and we plan to implement multiple work
programs across multiple counties and provinces. Cruz has one of the
largest land packages in the Cobalt Mining District in Ontario and we
expect to be one of the most active companies in the district this next
Recently Cruz also announced that management has
commenced the application for an exploration permit on its Johnson
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, the pitting and trenching of bedrock,
and line cutting.
Cruz currently has seven cobalt projects
located in Canada, one in Idaho and now one in Montana. Cruz’s four
separate Ontario cobalt prospects are all located in the vicinity of the
city of Cobalt making Cruz one of the largest land holders in this
emerging cobalt district. The 900-acre Coleman cobalt prospect, the
900-acre Johnson Cobalt Prospect, the 5500 acre Hector Cobalt Prospect
and the 1,480-acre Bucke Cobalt Prospect. Our 4935 acre War Eagle Cobalt
Prospect in British Columbia covers a past-producing mine.
technical contents of this release were approved by Greg Thomson,
P.Geo., 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
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