ZURICH, SWITZERLAND / ACCESSWIRE / January 21, 2017 / Looking at cobalt projects around the world and particularly in North America, Rockstone has found the Lynx Lake Copper-Cobalt Project from King?s Bay Gold Corp. (TSX.V: KBG) being one of the best early-stage projects, with a real chance of making a significant discovery with a drill program. Generally, cobalt grades of 0.5% are considered world-class.

Although surface grades are not comparable to resources, reserves or production grades, King?s Bay?s grab samples of 0.94% cobalt, 1.39% copper, 0.21% nickel, 0.23% vanadium, 0.39% molybdenum, 0.0112% bismuth and 6.5 g/t silver are an indication of what the upcoming drill program may discover.

Apparently, there is no shortage of lithium development projects worldwide, but there is a shortage of lithium processing capacities. In case of the other battery-critical element, cobalt, there is a shortage of development projects especially in safe jurisdictions. Some 65% of global cobalt production comes from the ?Democratic Republic? of the Congo, an extremely political unstable country with deeply-rooted corruption, where approximately 20% of the nation?s cobalt output originates from unregulated, illegal artisanal miners, of which an estimated 40,000 miners are children according to UNICEF. James West recently explained: ?Auto makers need cobalt that is not mined artisanally because the supply chain gets audited. So the hot commodity is to find non-Congolese cobalt sulphate and nickel sulphate.?

The full report can be accessed with the following links:

English (PDF): http://rockstone-research.com/images/PDF/KingsBay2en.pdf

English (web version): http://rockstone-research.com/index.php/en/research-reports/2333-Cobalt-Crunch-Time

German (PDF): http://rockstone-research.com/images/PDF/KingsBay2de.pdf


Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.


SOURCE: Rockstone Research