Subsequent to the end of the quarter Blackstone Minerals completed its acquisition of Cobalt One Energy Corp (“Cobalt One”) which has an option to acquire 100% interest in the Little Gem Cobalt-Gold Project and an option to acquire 100% interest in the Cartier Cobalt-Nickel Project.
Cartier Project (right to earn 100% interest)
The Cartier Cobalt-Nickel Project (9 km² of tenure) is located 440 km north-east of Quebec City (Refer Figure One). Historic exploration (1990’s) on the project for Voisey’s Bay Style Nickel and Copper has identified Cobalt within two prospects named Lac St Pierre Zones 1 & 2 that warrants further follow up work (Refer Figure Two).
Figure One | Location of the Cartier Project
Figure Two | Cartier Geological Setting