Cobalt

 
 

Cobalt

 

A "Gold Rush" claim-staking frenzy is happening in what is known as The Cobalt Camp in the area surrounding the community of Cobalt, Ontario. Atacama Resources International has obtained mineral rights on ninety-six hectares (or 237 acres) right in the middle of the area just SW of Cobalt. The Cobalt Camp is the largest single location of cobalt in the world. Why the sudden interest in cobalt? Cobalt is one of the few metals used for super alloys needed in nuclear reactors, jet and rocket engines, turbines, power plants, and in various military and space technologies.

These applications will likely see significant growth in the near future. And – expect to see extraordinary growth in another sector – Batteries and Energy Storage. The "Green Movement" happening throughout the world has accelerated cobalt's rise to prominence. Cobalt is used in the manufacturing of lithium-ion batteries used in electric vehicles. Tesla's planned battery manufacturing mega-factory in Nevada has a mandate to source all its needed cobalt from North American suppliers. The Tesla plant is not the only new facility. China is currently building four, Germany two, Japan two and South Korea one. Global demand for cobalt is about to skyrocket. 

The world’s supply of cobalt is not adequate to meet the forecasted demand. Here’s why. Currently 63% of the world's cobalt is mined in the Democratic Republic of the Congo (DRC). DRC is known for its political instability, corruption, human rights abuses and violence. These unfortunate conditions make the DRC an unreliable source for such a strategic and critical product. Atacama’s cobalt mining rights in Ontario, Canada position the company to be an important source of North American cobalt. See site map and details below


Atacama (06) CJP (Cabo)

 
CABO PROPERTY.jpg

Work Description

This property consists of strong indication of diamonds.

On June 8th 2005 a 9.3 kg sample taken from diamond drill cc-14, processed by caustic fusion, contained a total of 95 diamonds including a 4 macrodiamonds (greater than 0.5 mm in two dimensions. ) The largest diamond recovered was a 2.54 mg white, polytetrahedroid measuring 1.36 mm x 1.20 mm x 1.12 mm. The diamond-bearing sample was taken from a 4.15m interval (between 32.45m and 36.60m) within a 61.m intersection of a lamprophyre and mafic, heteroloithic breccia zone.

Primary Commodities indicate Copper , Diamond. 

Legal description

TOWNSHIP         CLAIM NUMBER
LORRAIN                     4225513