NORTHERN COBALT STAKES SOUTHERN ALASKAN VANADIUM PROJECT
- Northern Cobalt has staked 48 mineral claims over a substantial vanadium project in south-western Alaska 50km south of Juneau on the coast
- The company was able to acquire 100% of the project by simply pegging the ground, resulting in a very low-cost acquisition
- All year-round operations are possible for all exploration activities
- Key infrasturcture requirements are already in place
- The Snettisham Hydroelectric Power Plant is sited 18 km to the north-west and the main transmission line runs within 2.5 km of the project
- The project is located on the coast, adjacent to a deep water channel capable of hosting Panamax and Cape class vessels
- A detailed magnetic survey is planned to be flown by drone technology early in the new year followed by drilling on the main magnetic targets.
Northern Cobalt is pleased to announce it has staked 48 mineral claims over the Snettisham Vanadium Project on south-western Alaska.
In its global search for a new vanadium project, the company couldn’t look past Snettisham a due to it’s potential for large scale and its unique position regarding fundamental infrastructure requirements such as cheap electricity, transport options and proximity to the mining town of Juneau in southern Alaska. The Snettisham Vanadium Project occurs within titaniferous magnetite, concentrated within an Alaskan-style mafic-ultramafic intrusion, extending over 3.8 km along the coast of the Snettisham Peninsula and up to 1.5 km inland.
MD Mike Schwarz discusses the project with SmallCaps