Canada's Next Primary Cobalt Producer
Overview
The Werner Lake Mineral Belt is Global Cobalt's Canadian based priority asset and provides the nearest term primary cobalt in Canada. The land package stretches 60km along highly mineralized strike and consists of approximately 1,700 hectares located in the Kenora Mining District in Northwestern Ontario.The Werner Lake Mineral Belt covers two past producers and at least five historic deposits including three extremely rare primary cobalt deposits and two significant nickel-copper-PGE deposits. As Global Cobalt, the Company plans to further advance the Werner Lake Cobalt Deposit and provide a NI 43-101 compliant resource estimate with near-term production decision.
- Belt stretches 60 km along highly mineralized strike and encompasses copper, copper-cobalt andnickel-PGE resources
- Land package covers two past producers and at least five historic deposits/resources, including three extremely rare primary cobalt deposits and two significant Ni-Cu-PGE deposits with highly prospective Cu ground at the east end
- More than $12 million spent on the development of the project including a decline shaft and drifts, drilling, environmental, geophysics, metallurgy, feasibility work and mine engineering
- Centre-piece is the pre-development Werner West Copper-Cobalt deposit with historic copper, cobalt and gold in all categories
- Teck has right of first refusal on Belt
- Belt is classified as Mineral Reserve Area set aside for exploitation of resources
- Mine planning and environmental work advanced
- Drilling by Puget in the summer of 2010 showed results of high grade cobalt reaffirming the Company's view of the property's potential in becoming a leading primary cobalt project
- Largest land holder in this highly prospective region with significant historic copper, cobalt and nickel-PGE's
Five mineralized zones:
- Werner Lake West Cobalt
- Werner Lake Minesite Cobalt
- Eastern Shallows Cobalt
- Big Zone
- Norpax Nickel Deposit
Historic Cu-Ni deposits with shafts from 1950
West end of Werner Lake Mineral Belt
Showings zones:
- Central
- Rexora No. 3
- Rexora No. 4
Click Here to View a Map of the Werner Lake Belt Properties
Investor Resources
-
VantageWire Conversation with Erin Chutter, President of Puget Ventures
- BNN Conversation with Erin Chutter, President of Puget Ventures
Email:
info@pugetventures.com
Phone Number:
Office: +1 (604) 688-4219
Fax: +1 (604) 688-4215
Address:
Suite 1510-1050 West Pender St
Vancouver | BC | V6E 3T4
Website:
www.PugetVentures.com
