Declan Cobalt Provides Program Update On Its European Copper-Cobalt Project
VANCOUVER, British Columbia, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Declan Cobalt Inc. ("Declan" or the "Company") (CSE:LAN) is pleased to report the commencement of exploration on its Tisova Copper-Cobalt project located on the German/Czech Republic border. There have been no modern geophysics completed on the property, making the current program all the more impactful. This is an area with a long-standing history of mining, with the first documented mining on the property being done in the 13th Century. Further mining operations took place from 1953 to 1973. Little has been done since, owing largely to a historically challenging political environment, which is no longer the case. Local support for Declan’s initiatives has been uniformly positive.
The current exploration program is comprised of a detailed 3D resistivity and chargeability survey undertaken by Dias Geophysical. The magnetic survey, structural mapping, 3D modelling and sampling of known showings are being supervised by Paul McGuigan of Cambria Geosciences.
Mr Wayne Tisdale, CEO, reports:
“We have put together a comprehensive exploration program that will assess the Tisova Copper-Cobalt project and provide diamond drill targets for us to follow up this autumn. The engagement of Dias Geophysical along with the expertise of Paul McGuigan provides Declan with a proven discovery team that will properly assess the project’s Copper-Cobalt potential. Declan’s location on the German/Czech border allows us to be a potential supplier of Copper and Cobalt to the growing electric vehicle battery market within Europe."
Roberto Vavassori, president of the European Association of Automotive Suppliers, was recently quoted as saying: “We need production in Europe for vehicles of the future or we put all of Europe at risk.” This sentiment was echoed at the recent Frankfurt Auto Show by the Chief Executive of Volkswagen, Matthias Mueller who said, when referencing his view that Europe needs to start producing electric vehicle batteries: “A company like Volkswagen must lead, not follow.” Volkswagen anticipates selling as many as 3 million battery-only vehicles per year by 2025.
Declan recently closed a $2.82 million financing that will fund this program and the subsequent diamond drilling. To date the planning and execution of the program has been ably supported by the Czech and German vendors of the properties. Owing to their extensive local knowledge and historical work on the properties, their on the ground assistance with program logistics has proved invaluable.
Declan is presently updating its website and will continue to add data as we process through the current exploration program.
Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the "qualified person" as defined in NI 43-101, who has reviewed and approved the technical content in this press release.
For additional information please contact:
Declan Cobalt Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4455