William Stone, we have applied for a year exploration permit, which will enable us to advance drilling activities on up to 91 specified drilling locations without unforeseen delays. We look forward to re-launching field exploration work and exploration drilling programs in due course. The Idaho properties consist of mining patents and exploration claims over an area of Iron Creek is one of several cobalt-copper mineral resources and prospects within the Idaho Cobalt Belt, a prospective mineralized system that contains copper and the largest primary cobalt resources in the United States, according to the U.
Geological Survey. Historical underground development at Iron Creek includes metres of drifting from three adits. Malachite occurs here in several outcrops of favourable, fine-grained meta-sedimentary rocks on a hillside. This finding demonstrates the presence of favourable host rocks at surface in this area of the Redcastle Property; however the extent of the surface mineralization exposure remains to be determined. Interestingly, the MHS appears to be located approximately two 2 kilometres along strike southeast of Electra's Ruby cobalt-copper target.
Figure 2. In , Electra staked additional claims in the AOI area, which therefore are included in the Agreement. As a result, the Redcastle Agreement has been amended further such that the First Required Investment date has been reset to May 21, , and the Second Required Investment date to May 21, In follow-up to the very limited field work completed in at the MHS, a follow-up field mineral prospecting and geological mapping program has been proposed for the area.
The purpose of the proposed program is four-fold:. Highlights include:. Figure 3. Notes: Longitudinal view looking north. The scientific technical content of this press release that relates to mineral exploration and the Mineral Resource Estimate has been reviewed and approved by Mr.
George King, P. William Stone, P. Stone is employed as Lead Geoscience Consultant by Electra. Electra is a processor of low-carbon, ethically-sourced battery materials.
