Date: May 11, 2018
Primary Cobalt (CSE-PRIM) (“Primary” or the “Company”) that further to its news release on May 8th, 2018 announcing it has signed a letter of intent (“LOI”) with Exco Mining SA, (“Exco”), has engaged Derrick Strickland, P.Geo., MBA to write a NI 43-101 report and undertake due diligence on two exclusive Cobalt, Copper, Nickel and Manganese permits in Almeria and Granada provinces in southern Spain and two Vanadium permits in Badajoz, in central Spain totalling 500 sq.miles/130,000 hectares (collectively the “Four Permits”). Site visits are scheduled to commence on May 14th.
Derrick Strickland, P.Geo., MBA serves as a Geological Consultant and holds over 30 years of industry experience. Mr. Strickland is has severed as a director and advisor to several junior exploration companies. This experience includes President/Director and management of exploration projects in remote locations, instituting quality assurance programs, providing geological technical expertise and leadership to resource companies at the board level. His international geological experience encompasses a wide range of commodities – gold, uranium, diamonds, potash and copper, in addition to other specialty minerals and deposit types. Mr. Strickland has exposure to geological and cultural environments all over the world. He has been a Member of the Association of Professional Engineers and Geoscientists of British Columbia since 2002. He has been Independent Geological Consultant since 2001 and self- employed Geologist since 2000.
Primary option agreement includes four strategic assets in Spain:
Buran Cobalt Project, Almeria, South East Spain – 125 sqmi
Beatrix Cobalt Project, Granada Spain – 89 sqmi
Odin Vanadium Project, Badajoz, Spain – 144 sqmi
Altair Vanadium Projects, Badajoz, Spain- 141 sqmi
Patrick Morris, CEO of Primary Cobalt states: “We are pleased to be completing the due diligence and initial N.I. 43-101 report spearheaded by world class geologist Derrick Strickland. Mr. Strickland will be working closely with our joint venture geologist at Exco Mining who are co-ordinating site visits and collecting additional surface and sub surface samples for analysis. This is another major step towards accelerating both our short and medium-term goals toward expanding our search for ethically sourced world class battery mineral assets.”
