Bankers Cobalt Corp Announces Agreement to Acquire Interests in Six Additional Cobalt and Copper Concessions in the DRC
January 04 2018 - 7:30AM
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SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Bankers Cobalt Corp. (TSXV:BANC) (the
“
Corporation” or “
Bankers”)
announces that it has entered into an agreement to earn up to a 70%
interest in six additional concessions in southern DRC Copperbelt.
Bankers now has a total of 20 concessions with potential for cobalt
and copper in the DRC and having a total area more than 297 km².
Bankers now has one of the largest DRC exploration land packages
held by a junior mining company.
The concessions are all located in the southern
DRC Copperbelt. One of the concessions is contiguous to the
Corporation’s Kankutu project and is also contiguous to the
operating Kimpe cobalt and copper mine. Bankers exploration teams
have been conducting work programs consisting of surface sampling,
pits, trenching, and now geophysics at the Kankutu and
Comima/Comipad projects and concurrently an ongoing drilling
program at the Kabolela project.
Kevin Torudag, the President of Bankers DRC
subsidiary stated, “The acquisition of interests in six additional
concessions in the DRC Copperbelt shows our commitment to our plan
for expansion and maintaining our lead in the junior mining sector
for cobalt and copper in the DRC. It is also important to note that
the acquisitions are the culmination of a relationship that has
developed over two years. We will continue to assess and acquire
additional properties to add to our land package.”
About Bankers
Bankers is a natural resource company focused on
the acquisition, exploration and development of cobalt and copper
mineral properties in the DRC to world class Canadian standards.
This will address the supply chain custody and verifiable sources
of ore issue being imposed on processors in the DRC by consumers.
Bankers holds rights to 20 separate mineral concessions
strategically located in the southern DRC Copperbelt and having a
total area more than 297 km². Bankers has the intention to
acquire interests in additional concessions. All concessions were
obtained as either new grants or through reputable DRC partners and
have clean title with no government involvement, making Bankers one
of the few, and perhaps only, junior public mining company in the
DRC to have 20 concessions capable of being currently explored and
developed. Bankers has an experienced operations team operating in
the southern Copperbelt of the DRC. Bankers believes it is one of
the front runners in advancing cobalt and copper exploration by a
junior mining company in the DRC.
ON BEHALF OF THE BOARD OF BANKERS COBALT
CORP
“Stephen Barley” President & CEO. For
further information:Phone: 604.684.6730Email:
info@bankerscobalt.comWebsite: www.bankerscobalt.com
Reader Advisory
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains “forward-looking
information” within the meaning of applicable securities laws
relating to the outlook of the business of the Corporation,
including statements relating to the Corporation’s rights to earn
interests in additional concessions, the Corporation’s status as a
leader in junior mining sector for cobalt and copper in the DRC,
the outlook of the Corporation’s business, the Corporation’s
intention to acquire additional concessions, the Corporation’s
ability to explore and develop the concessions, the ability of the
Corporation to meet standards for verifiable supply chain custody
and the results of any development and exploration. Although the
Corporation believes in light of the experience of its officers and
directors, current conditions and expected future developments and
other factors that have been considered appropriate that the
expectations reflected in this forward-looking information are
reasonable, undue reliance should not be placed on them because the
Corporation can give no assurance that they will prove to be
correct. Actual results and developments may differ materially from
those contemplated by these statements depending on, among other
things, the risks that the Corporation will not earn its interest
in certain concessions and that exploration program and results
will differ from those that currently are contemplated. The
statements in this press release are made as of the date of this
release. The Corporation undertakes no obligation to comment on
analyses, expectations or statements made by third-parties in
respect of the Corporation its securities, or its financial or
operating results.
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