May 05, 2017
CobalTech Announces the Acquisition of Four Additional Cobalt Properties in Ontario, Canada
TORONTO, ON–(Marketwired – May 05, 2017) – COBALTECH MINING INC. (TSX VENTURE: CSK) (FRANKFURT: 9BN1) (WKN: A2DG59) (OTC PINK: BNCIF) (the “Company” or “CobalTech”), is pleased to announce that it has acquired four additional claims near Cobalt, Ontario. The claims are located in Bucke and Coleman Townships in the heart of the Cobalt Camp. They are underlain by rocks from the Cobalt sequence and complement the Company’s land package in the area.
CobalTech has agreed to make a payment to the vendor in the amount of $35,000 (thirty five thousand dollars).
CobalTech Mining Inc. is a North American cobalt company with assets in Ontario, Canada. The Company owns a strategically located land package and mill facility adjacent to Cobalt, Ontario, in an area known for its geological setting responsible for unique mineralization composed of quartz-carbonate veins enriched in silver-cobalt-nickel-bismuth-arsenic. The Company also recently acquired the Werner Lake East Cobalt Property near Kenora, Ontario, Canada. These claims are contiguous to Global Energy Metals’ Werner Lake Cobalt Property. CobalTech is committed to operating within the strict environmental, health, and safety framework governed by the e3 Plus regulation put forth by the Prospectors & Developers Association of Canada (PDAC).
ON BEHALF OF THE BOARD
Bruce Bragagnolo. CEO
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Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.