Green Swan’s Clausi: if you like lithium, you have to like cobalt
Green Swan Capital Corp (TSXV: GSW) has acquired the Copper Prince project in the Sudbury Basin, an area renowned for its world-class polymetallic sulphide ore deposits. The 16 contiguous mining claims lie within the Huronian Gold Belt, a prolific zone of past gold producers that extends a distance of roughly 120km. Mining infrastructure, labour and knowledge are easily accessible in this mining-friendly jurisdiction.
Exploration work on Copper Prince has been carried out by various parties since the late 1880’s. Some historic data cannot be found. Green Swan has found two prior NI 43-101 reports on Copper Prince prepared for third parties, one of which included an assay of 3.26% cobalt and 14 grams/tonne (g/t) gold.
“If you’re excited about lithium then you must be excited about cobalt,” says Green Swan President and CEO, Peter M. Clausi. As he explains in this interview with InvestorIntel publisher Tracy Weslosky, rapid charge function in the lithium-ion battery requires cobalt.
He also explains
- How Green Swan set out to find a primary cobalt deposit — not an easy task given that most cobalt comes as a byproduct of nickel or copper.
- The looming supply disruption from the present source of half the world’s cobalt, the Democratic Republic of Congo, due to the crackdown on conflict metals.
- The favourable land tenure status of Green Swan’s project.
Last month Green Swan reported assays of four rock chip samples from Copper Prince. All contained cobalt, but one returned a grade of 4.5% cobalt, 15.7 g/t gold and 1.62% nickel, as well as copper.
Disclaimer: Green Swan Capital Corp is an advertorial member of InvestorIntel.
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