back Global Cobalt Drills Highest Grade Hole So Far at Karakul Cobalt Project | Proactive Investors
January 20, 2014 | Category: News Articles
Global Cobalt Corp (CVE:GCO) says it has drilled the highest grade intercept to date at its Karakul cobalt project in Russia, with indications that the deposit remains open to depth.
The company, in a statement released this morning, told investors that hole 199 returned 3.3 metres of 0.909% cobalt, 3.06% copper, 0.378% bismuth, 0.874% tungsten and over 52 g/t silver.
Shares of the Canadian explorer jumped 8.6% in early deals Monday, to 19 Canadian cents.
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