Jervois Global Limited (ASX: JRV | TSXV: JRV | OTC: JRVMF) has commenced its surface drilling campaign at the Sunshine deposit, adjacent to Idaho Cobalt Operations (ICO), United States.
Mobilization is underway with drilling expected to commence at the start of September 2023, pending final US Forest Service (USFS) approval.
The Idaho Cobalt Belt is a northwest-trending zone of Co-Cu-Au occurrences, at least 64km long and up to 10km wide, centred on Jervois’ ICO. It is a prolific metallogenic province in which cobalt occurs in high concentrations to make it the primary metal in the deposits.
Drilling will occur under the previously announced US Department of Defense US$15.0M funding agreement. The agreement funding is under the manufacturing capability expansion and investment prioritization office of industrial base policy using the US Defense Production Act title III authorities, and utilizes funds from the additional Ukraine Supplemental Appropriations Act.
Jervois expects to spend US$2.4M to complete approximately 2,000m of drilling from surface, designed to intersect the Sunshine deposit with the results expected to enable the deposit to be upgraded to a modern mineral resource.
Sunshine is a unique brownfield exploration opportunity, with a significant historical dataset which has underpinned design of this upcoming programme. The deposit is adjacent to Jervois’s 100% owned ICO, within short trucking distance of the recently constructed processing facilities.
Additionally, Jervois’ team in Salmon, Idaho, is planning an underground drill programme at its RAM deposit within ICO. Jervois expects to provide further updates on this additional programme as it progresses.
To find out more, please visit www.jervoisglobal.com
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