Global Cobalt Announces Appointment of Wardell Armstrong to Complete NI 43-101 Compliant Resource Report at Karakul
April 24 2014 - 9:02AM
Access Wire
VANCOUVER, BC / ACCESSWIRE / APRIL 24th, 2014 / GLOBAL COBALT
CORP. (TSXV:GCO, OTCBB:GLBCF) ("Global Cobalt" and/or the
"Company") is pleased to announce that Wardell Armstrong
International ("WAI") has been commissioned to complete a National
Instrument 43-101 resource report on the Karakul Cobalt
Project.
The Company completed a 45-hole 7,398 metre drill campaign on
the flagship Karakul Cobalt Project, located in the Altai Republic,
Russia in late December, 2013. The program was designed primarily
to increase the level of confidence in the historical data through
infill and confirmation drilling with the final assay results
released earlier this month. Results from this program along with
historical non NI 43-101 compliant Russian data will be used to
support the preparation of an independent NI 43-101 initial
resource estimate for the Karakul Cobalt Project. The highly
regarded international engineering, environmental and mining
consultancy firm Wardell Armstrong International has been engaged
to generate this report and results will be published upon its
completion, expected in Q2, 2014.
Dr. Michael Hitch, Chief Operating Officer commented:
"The completion of a resource report is the next important
milestone in the development of the Karakul Cobalt project bringing
together a large amount of new technical data with significant
historical work." Dr. Hitch continues, "We have been highly
impressed by Wardell Armstrong's technical and geological
capabilities and believe their credentials should prove
instrumental in assisting the Company taking the project to this
next stage."
WAI has provided the mineral industry with specialized
geological, mining, processing and environmental expertise since
1987, initially as an independent company, but from 1999 as part of
the Wardell Armstrong Group.
Their parent company is a mining engineering/environmental
consultancy that services the industrial minerals sector from nine
regional offices in the UK and international offices in Russia and
Kazakhstan. Total worldwide staff complement is now in excess of
300.
The Group provides a wide range of services for minerals-related
projects ranging from preliminary exploration planning, through
reserve estimation, mine design and financial appraisal, to
bankable feasibility study.
Mr. Paul Sarjeant P.Geo., the Company's VP Exploration, is the
Company's Qualified Person for the purposes of National Instrument
43-101 and has reviewed and approved the technical contents of this
release.
For Further Information:
Mr. Mitchell Smith, Corporate Development
Suite 1510-1050 West Pender Street
Vancouver, BC V6E 3T4
Tel: +1 (604) 688-4219
Fax: +1 (604) 688-4215
Email: info@globalcobaltcorp.com
www.GlobalCobaltCorp.com
TSXV:GCO; OTCBB:GLBCF; FRA:3P0; CUSIP:37890F
Cautionary Statement on Forward-Looking Information: The
statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ
from the Company's expectations. Certain risk factors may also
affect the actual results achieved by the Company.
This news release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The shares offered will not
be and have not been registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE: Global Cobalt Corp.