Scientific Metals Corp. ("STM" or the "Company") (TSX-V: STM) (OTCQB: SCTFF) is pleased to announce that the Company has launched its 2017 exploration program at the Iron Creek Cobalt Project, initially commencing with the rehabilitation of the underground workings.
The Company is finalizing plans with a claim staking contractor to expand the size of the property through claim staking, and will commence claim staking soon, as the snow pack melt allows. Surface and underground drilling campaigns are in the final stages of planning, and will follow underground and surface mapping and sampling programs. All work will be conducted on the patented lode mining claims which cover the historic resources which have already been identified. Please see Company news release dated September 7, 2016 for a summary of the project.
The Company has commenced the rehabilitation of the portals to three underground tunnels which currently have a combined length of 1,500 feet and access the mineralized zones. The first portal (Adit #1) now has new timbers installed at the surface, and access has been gained to the entire length of tunnels connected to Adit #1. Further rehabilitation of the tunnels will be completed prior to the planned underground sampling and mapping program, which will be followed by underground drilling. A contractor has been selected to complete the underground drilling.
The information gained through these underground programs will help guide the subsequent surface drilling program. The other portals will be rehabilitated and explored in a manner similar to Adit #1. These underground workings may provide an opportunity in the future to extract a bulk sample for metallurgical purposes.
The Company is in the final stages of negotiations with drilling contractors to conduct surface core drilling on the patented lode mining claims, targeting the known mineralized zones during 2017. This drilling is designed to confirm the historic, already identified, cobalt mineralization, and to explore for extensions. As previously announced, these historic resources, which do not conform to NI 43-101, contain 1,279,000 tons grading 0.59% cobalt – see Company news release dated September 7, 2016. The Company has the advantage of working from the results of the 30,000 feet of drilling that identified the historic resources.
During 2017 the Company plans to conduct geophysical surveys over the known mineralized zones to identify a method that will assist in locating drill targets. Extensive surface sampling, in sediment, soil and outcrop is planned.