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First Cobalt to spend C$9M on Iron Creek project development

First Cobalt Corp. said June 11 that it plans to spend C$9 million on developing the Iron Creek cobalt-copper project in Idaho.

The company is targeting a maiden mineral resource estimate on the project by October and 30,000 meters of drilling designed to double the mineralized zone along strike beyond the area drilled in 2017.

The company also plans to test the downdip extension of mineralization 200 meters below existing underground adits and other zones of mineralization found in the footwall.