Great Atlantic's Newly Acquired Cobalt Property.
North-Central New Brunswick
North-Central New Brunswick
The Kagoot Brook Property is located in north-central New Brunswick along the southwest margin of the famous Bathurst Mining Camp.
The approximate 4,230 hectare property covers reported historic cobalt geochemical anomalies, some reported as highly anomalous.
The property is located approximately 85 km southwest of Bathurst along the southwest margin of the famous Bathurst Mining Camp.
The property has been optioned to Explorex Resources Inc.
Cobalt stream and spring sediment anomalies were reported within the property by the New Brunswick Dept. of Natural Resources in the early 1980s with four samples from two streams reported to return highly anomalous values of 1259, 1261, 1297 and 1316 ppm Co. Anomalous stream silt and soil samples were reported by Brunswick Mining and Smelting in the mid-1980s in the same area (source: N.B. Dept. of Energy and Resource Development assessment report files). These included multiple stream silt samples reported to exceed 1,000 ppm Co (up to 6,000 ppm Co or 0.6% Co); reported anomalous copper, lead, zinc, silver and nickel stream silt samples; and anomalous cobalt (reported up to 880 ppm Co) and copper soil samples. The source of these geochemical anomalies has not been identified.
A qualified person has not verified the historic geochemical data for the Kagoot Brook Property due to winter conditions at the time of property acquisition.
A qualified person has not verified the historic geochemical data for the Kagoot Brook Property due to winter conditions at the time of property acquisition.
EM Conductivity (1996 airborne survey) and IP Survey Lines (2012 - 2017 surveys by Vickers Geophysics
Geophysics anomalies are reported within the property, representing immediate drill targets. Geological Survey of Canada 1986 airborne magnetic and 1996 airborne magnetic and electromagnetic (EM) surveys identified an area(s) of high conductivity and coincident magnetic anomalies in the general area of geochemical anomalies. Recent (2012-2017) induced polarization (IP) geophysics surveys by Vickers Geophysics Inc. in this region identified anomalies (charge ability anomalies & resistivity low anomalies), further defining drill targets. (source: New Brunswick Department of Energy and Resource Development assessment report files.) A possible cause of such IP anomalies is sulfide mineralization.
The Kagoot Brook copper occurrence reported in the northwest region of the property represents another exploration target. At this occurrence, trace copper sulfide mineralization (chalcopyrite) is reported in altered tuffaceous volcanic rocks (source: New Brunswick Department of Energy and Resource Development Mineral Occurrence Database). A qualified person has not verified this occurrence due to winter conditions at the time of the property acquisition.
The Kagoot Brook Property occurs within the Miramichi terrane which hosts numerous volcanogenic massive sulfide deposits in northeast New Brunswick in the famous Bathurst Mining Camp.
The Kagoot Brook copper occurrence reported in the northwest region of the property represents another exploration target. At this occurrence, trace copper sulfide mineralization (chalcopyrite) is reported in altered tuffaceous volcanic rocks (source: New Brunswick Department of Energy and Resource Development Mineral Occurrence Database). A qualified person has not verified this occurrence due to winter conditions at the time of the property acquisition.
The Kagoot Brook Property occurs within the Miramichi terrane which hosts numerous volcanogenic massive sulfide deposits in northeast New Brunswick in the famous Bathurst Mining Camp.
Resistivity Anomalies – IP Geophysics Surveys. (2012 - 2017 surveys by Vickers Geophysics)
WHY COBALT
Cobalt has magnetic properties and a high resistance to heat and corrosion which makes it an integral element in rechargeable batteries achieving longer storage life – a primary objective in the EV market. Currently over half the world’s cobalt supply is used in electric batteries, a number that is expected to rise significantly as auto manufacturers aim toward zero emission electric vehicle production.
• 42% of global cobalt supply is used specifically in battery Lithium-ion cells
• Global demand for cobalt is estimated at 4-5% CAGR to 2030
• Supply constraints and CSR issues are
of significant concern to end users
• 42% of global cobalt supply is used specifically in battery Lithium-ion cells
• Global demand for cobalt is estimated at 4-5% CAGR to 2030
• Supply constraints and CSR issues are of significant concern to end users