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Gold/Mining/Energy
FORMATION CAPITAL CORPORATION- $900m in Cobalt finds
An SI Board Since October 1997
Posts SubjectMarks Bans Symbol
87 7 0 FCO
Emcee:  s jones Type:  Unmoderated
FORMATION CAPITAL CORPORATION Fco-TSE

This company has reported the richest Cobalt finds in the US

Received assay results from five additional drill holes
on the Ram zone of the Company's Sunshine project in Lemhi County, Idaho. The
company has completed sixteen diamond drill holes which have traced multiple
mineralized horizons for over 800 feet of strike length and down dip to depths
of over 450 feet. The Ram zone remains open along strike in both directions
and to depth. The southernmost drill hole, R-97-12 intersected three separate
horizons of ore grade mineralization over significant widths. R-97-13, drilled
below R-97-12, also intersected multiple horizons of cobalt mineralization.

(1)previously released
Based on current metals prices 0.720% cobalt is equivalent to 1.0 oz/ton
gold
>>
Drill hole R-97-08 was lost prior to target depth. Results from R-97-10,
R-97-11 and R-97-13 through R-97-16 are pending. All drill intersections to
date are coincident with an open ended cobalt-in-soil geochemistry anomaly
over 2,600 feet long and averaging 800 feet wide. The presence of multiple
mineralized horizons is believed to be a prime contributor to the width of the
cobalt-in-soil anomaly.
The mineralization demonstrates strong continuity between drill holes
which should allow for a reserve/resource calculation upon the completion of
the drill program. The current proven, probable and possible reserves on the
Sunshine property stand at 295,404 tons grading 0.683% cobalt, 1.03% copper
and 0.024 oz/ton gold. At current metal prices of cobalt US$23/lb, copper
US$0.93/lb and gold US$330/oz the reserves have an insitu value of $341 per
ton. The current combined reserve and geological resource calculated on only
two of twenty five target areas stands at 2,826,670 tons. If similar grades
are realized for the geologic resource portion, the Sunshine Lode and East
Sunshine zones alone have an insitu value of US$964 million. Management
views the results to date as very encouraging given the Ram zone has multiple
ore grade horizons including wider drill intercepts of higher grade
mineralization over a longer strike length than the Company's East Sunshine
Lode (proven, probable and possible reserves of 146,593 tons grading 0.428%
cobalt, 1.53% copper and 0.025 oz/ton gold and a geological resource of
1,883,344 tons). Further results will be released when available.
ON BEHALF OF THE BOARD
Mari-Ann Green, C.E.O.
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87FCO / AKA eCobalt got taken over by JVR witch is Jervois mining Better readb_doggio-7/9/2021
86FCO's cobalt project looks ok, bonds issue looks ok, but the stock price hasbull&bear-1/7/2012
8512/31/2010 1:39:29 PM - Market Wire VANCOUVER, BRITISH COLUMBIA, Dec 31, 2010 (stocks tse-1/1/2011
84Working on a nice little run before the financing.stocks tse-11/11/2010
83Could be time for this board to come back to life.stocks tse-10/22/2010
82FORMCAP FINALIZES ENVIRONMENTAL STUDY PRIOR TO COBALT MINING Filing of Plan of jackolantern69-1/31/2001
81NEWS RELEASE AUGUST 16, 2000 DIAMOND RECOVERY TO BEGIN RECOVERY MANAGER APPOINTRich Kaiser-8/25/2000
80 All, I'd be a buyer at this low price, heavy accumulation by few smart invGeorge Hassen-4/12/2000
79 FORMATION CAPITAL CORPORATION STRENGHTENS BOARD Vancouver, BC, September 17, 1Lindsay Malcolm-9/17/1999
78 FORMATION APPOINTS ENGINEER OF MINES Vancouver, BC, September 14, 1999, FormatLindsay Malcolm-9/15/1999
77 Bit the bullet last week and averaged down on my FCO, now even a double from hejim-9/6/1999
76 August 27, 1999 DIAMOND DRILL PROGRAM UNDERWAY Formation Capital Corporation Lindsay Malcolm-8/31/1999
75 Mike, What I'd LIKE to do is find another discount broker/dealer and run donald martin-8/12/1999
74 Hi Don, You sold your brokerage firm, does that imply that you are now retiredBannick-8/10/1999
73 Mike, Yup. I took delivery of the shares in certificate form. (I sold my brodonald martin-8/10/1999
72 Don, Haven't posted anything on this thread for most of the year. It seemsBannick-8/6/1999
71 Rumour has it (and a news release today kinda confirms it) that another cobalt Lindsay Malcolm-6/16/1999
70 Bearish Reflections: Cobalt's Calm Before the Storm American Metal Market ForYourEyesOnly-6/4/1999
69 Hi Jack! Cobalt is raging hard.....any chance that FCO will come back to life?ForYourEyesOnly-6/4/1999
68 Cobalt shortage expected to deepen By Paul Solman Cobalt prices have jumped asForYourEyesOnly-6/4/1999
67 A lot more share dilution in the works. The company must be desperate for cash:baystock-3/31/1999
66 John, Some pretty heavy volume as well compared to the normal daily trading thBannick-3/2/1999
65 Sorry, havn't seen any specific news yet. John John Hunt-3/2/1999
64 Anyone know why this stock is up 40% today ? baystock-3/2/1999
63 US Stockpile sets extra cobalt sale for March 8 << After last month'John Hunt-2/15/1999
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