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N27, Northern CoBalt
post Posted: Oct 17 2019, 11:25 AM
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Posts: 6,791
Thanks: 2307

Another failed cobalt dream chaser changing direction and now plans to be digging for gold

N27 advsied in August 2019 - "it is undergoing a review of all its projects and activities. In line with current market conditions, all non-executive directors have agreed to reduce their
board fees by 50%
". At the last quarterly had $742k left in kitty - the last CR was in May 2019 - raised $1.5m @ 5c, which would - "fund exploration to develop drill-ready targets on the Company’s Snettisham project in Alaska and Wollogorang project in the NT."

Announcement out today.

Nearology to NST's Pogo Gold Mine has created some excitement - or maybe some heavy pumping going on? SP up 137.5%

Binding agreement to earn up to 80% of the Goodpaster Project, adjacent to Northern
Star’s Pogo Gold Mine, Alaska. Placement and Corporate Update.

• The Company has executed a binding term sheet with Millrock Resources Inc (TSXV: MRO) to earn up
to an 80% interest in the brownfields Goodpaster Project in Alaska

• The Goodpaster Project surrounds Northern Star’s (ASX: NST) Pogo Mine, which has produced 4 Moz
@ 13.6g/t at 300koz pa; reserve/resource of over 6 Moz Au (ASX: NST Announcement 19/9/2019)

• Northern Cobalt has secured an exclusive option for up to 100 days to complete due diligence and
provision drill access road works in preparation for the 2020 drilling program

• Drilling to begin in Q1, 2020 on high priority drill targets immediately adjacent to the recent NST
announced Goodpaster Discovery “2.3km strike open in all directions” (ASX: NST Announcement
16/9/2019) within 450m of the claim boundary

• Initial exploration program will include 7,500m of diamond core drilling

• Joint lead managers PAC Partners Securities and Taylor Collison have firm commitments for a
placement of $1.5m

No doubt will have to have a name change biggrin.gif

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