Edison Cobalt’s new CEO discusses ‘significant’ gold discovery and conflict-free cobalt sources
“This is the first new zone that has been found on the property from our exploration efforts. Much of the cobalt camp is going back in and we are reinvestigating the old mines. That is very important to do, but this is a brand new area and we are quite excited because it also has very high gold with it too, which is a bit different for the camp.” States Neil Pettigrew, President & CEO of Edison Cobalt Corp. (TSXV: EDDY), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Tracy Weslosky: I see that your stock volume moved 5 times your average on your news about finding this new zone. Let us start there.
Neil Pettigrew: Yes, this is actually quite interesting. This is the first new zone that has been found on the property from our exploration efforts. Much of the cobalt camp is going back in and we are reinvestigating the old mines. That is very important to do, but this is a brand new area and we are quite excited because it also has very high gold with it too, which is a bit different for the camp. We diverted some of the holes of our program; punched four holes into it and quite keen to see what the lab brings back.
Tracy Weslosky: For those of you new to EDDY, as we like to call it, this area previously produced over 400 million ounces of silver and 20 million tons of cobalt. This is a cobalt, lithium and now a gold story. Is that correct?
Neil Pettigrew: Yeah. The lithium side we are not focusing on. It is purely on the cobalt side, as given with the name change. We are quite excited with Kittson. It continues to produce very good numbers. You have seen a lot from the prospecting the last bit. The new Edison Mine producing over 5% in hand samples. Things are really going from strength to strength. We started working over at the shack. We recently acquired the Edison and now we have this new zone up at Kittson North.
Tracy Weslosky: Speaking of strength to strength, you joined the team and became CEO. That was a recent announcement. Can you tell me what the catalyst was for you accepting that position because you have a pretty impressive background?
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Neil Pettigrew: It continued to grow a little bit organically and the project continued to advance. As it became apparent that it was going to be a much more significant project, my amount of involvement with the project increased to the point that it only made sense for me to take over the reins. Jeff continues to be a director. Obviously is very active in the company. Given my past experience with cobalt and other battery metals it kind of made sense for me to be the one pushing things forward.
Tracy Weslosky: For some of you out there you may not be familiar with the Edison Cobalt story. Neil if you would not mind just giving us the competitive advantage and overview on why Edison Cobalt is the stock to watch.
Neil Pettigrew: Edison Cobalt differs a bit from the main camp in that our cobalt mineralization is both vein and fracture hosted, which means we have some wider widths to target. That gives us a bit of a pathway towards defining resources a bit quicker. Most of the camp is fairly narrow vein. We have veins that host cobalt, but also in the fractures. Plus we have significant gold as well. Not just some silver, but we have, as the last news release reported, up to 7 grams gold in the new zone…to access the complete interview, click here
Disclaimer: Edison Cobalt Corp. is an advertorial member of InvestorIntel Corp.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>