Vancouver, British Columbia / TheNewswire / January 10, 2018 - LiCo Energy Metals Inc. ("the Company" or LiCo") TSX-V: LIC, OTCQB: WCTXF is pleased to report assay results for drill holes GB17-11 through to GB17-14, GB17-20, and GB17-21, completed on the Glencore Bucke Property, located 6 km northeast of Cobalt, Ontario.
A summary of the most significant results of the recent drill core assays are:
- GB17-13 0.92% Co over 2.0 m from 34.00 to 36.0 m, including 2.53% Co over 0.6 m from 35.1 to 35.7m.
- GB17-13 0.46% Co, 132.5 ppm Ag, 1.46% Cu over 0.9 m from 77.6 to 78.5 m, including 0.79 % Co, 221.0 ppm Ag, 2.40% Cu over 0.4 m from 77.6 to 78.0 m.
- GB17-13 0.32% Co, 98.8 ppm Ag, 0.81% Cu over 1.5 m from 100.5 to 102.0m, including 0.55% Co, 16.9 ppm Ag, 0.50% Cu over 0.6 m from 100.8 to 101.4 m.
- GB17-20 0.44% Co, 19.4 ppm Ag 0.99% Cu over 4.05 m from 60.25 to 64.30 m, including 1.42% Co, 48.8 ppm Ag, 1.94% Cu over 1.2 m from 62.8 to 64.0 m.
- GB17-21 0.08% Co, 18.1 ppm Ag, 1.25% Cu over 6.1 m, including 0.73% Co, 50.0 ppm Ag, 1.31% Cu over 0.6 m from 69.7 to 70.3 m.
"We are very pleased with the drill program continuing to intersect the higher grade cobalt mineralization that has been intersected at Glencore Bucke property", says Tim Fernback, President & CEO of LiCo and "not only have we continued to intersect cobalt mineralization, but also the base metal mineralization that has the potential to be advantageous when a resource estimate will be completed in the future".
On the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. The Company will continue to release results from the Glencore Bucke and Teledyne drill programs as they are received.
The results for diamond drill hole GB17-11 through to GB17-14, GB17-20, and GB17-21 are summarized in Table 1 below.
Table 1: Summary of Diamond Drill Results
| DDH | From (m) | To (m) | Core Length (m) | Co (%) | Ag (ppm) | Cu (ppm) | Zn (ppm) | Pb (ppm) |
| GB17-11 | 29.00 | 29.25 | 0.25 | 0.27 | 0.6 | 1 | 27 | 2 |
| GB17-11 | 60.00 | 60.30 | 0.30 | 0.32 | 22.5 | 2650 | 92 | 34 |
| GB17-11 | 82.50 | 83.50 | 1.00 | 0.03 | 28.0 | 4260 | 13960 | 29050 |
| GB17-12 | 50.50 | 51.30 | 0.80 | 0.14 | 25.8 | 475 | 152 | 2395 |
| GB17-13 | 34.00 | 36.00 | 2.00 | 0.92 | 2.8 | 175 | 147 | 23 |
| incl. | 35.10 | 35.70 | 0.60 | 2.53 | 5.2 | 270 | 101 | 32 |
| GB17-13 | 52.40 | 53.00 | 0.60 | 0.48 | 65.8 | 3770 | 94 | 2675 |
| GB17-13 | 77.60 | 78.50 | 0.90 | 0.46 | 132.5 | 14614 | 1759 | 2059 |
| incl. | 77.60 | 78.00 | 0.40 | 0.79 | 221.0 | 24000 | 3670 | 3840 |
| GB17-13 | 100.50 | 102.00 | 1.50 | 0.32 | 98.8 | 8124 | 417 | 6588 |
| incl. | 100.80 | 101.40 | 0.60 | 0.55 | 16.9 | 4970 | 376 | 6110 |
| GB17-14 | 33.60 | 37.70 | 4.10 | 0.04 | 5.4 | 3559 | 575 | 2095 |
| incl. | 36.00 | 36.30 | 0.30 | 0.36 | 17.1 | 3600 | 633 | 2080 |
| GB17-14 | 41.70 | 43.30 | 1.60 | 0.03 | 16.8 | 10184 | 317 | 164 |
| GB17-20 | 52.20 | 52.80 | 0.60 | 0.34 | 129 | 268 | 110 | 10200 |
| GB17-20 | 58.00 | 64.00 | 6.00 | 0.29 | 13.8 | 7804 | 110 | 26 |
| incl. | 60.25 | 64.30 | 4.05 | 0.44 | 19.4 | 9863 | 116 | 30 |
| incl. | 62.80 | 64.00 | 1.20 | 1.42 | 48.8 | 19362 | 127 | 60 |
| GB17-20 | 66.40 | 69.70 | 3.30 | 0.02 | 13.2 | 9494 | 180 | 130 |
| incl. | 67.00 | 68.50 | 1.50 | 0.03 | 19 | 13858 | 169 | 100 |
| GB17-20 | 101.50 | 108.60 | 7.10 | 0.03 | 16.9 | 7640 | 275 | 901 |
| incl. | 102.30 | 103.70 | 1.40 | 0.07 | 28.7 | 11814 | 193 | 432 |
| incl. | 102.30 | 102.60 | 0.30 | 0.26 | 49.5 | 11600 | 198 | 1230 |
| GB17-21 | 55.10 | 55.40 | 0.30 | 0.33 | 134.0 | 702 | 181 | 15600 |
| GB17-21 | 67.50 | 73.60 | 6.10 | 0.08 | 18.1 | 12545 | 378 | 463 |
| incl. | 69.70 | 73.10 | 3.40 | 0.14 | 31.2 | 21071 | 160 | 162 |
| incl. | 69.70 | 70.30 | 0.60 | 0.73 | 50.0 | 13070 | 312 | 378 |
| GB17-21 | 83.45 | 83.70 | 0.25 | 0.28 | 49.7 | 1650 | 396 | 4990 |
Note: Intervals reported in Table 1 represent core lengths and not true widths.
As reported on the Company's November 30th, 2017 news release, LiCo has recently completed its 2017 diamond drilling program on its Teledyne and Glencore Bucke Properties completing a total of 32 diamond drill holes, drilling 4,100 m of core. This exploration work satisfies both its flow-through financing obligations and the contractual obligations outlined in the recently acquired Glencore Bucke Property from Glencore plc of Baar Switzerland (LSE: GLEN).
Qualified Person
The technical content of this news release has been reviewed and approved Joerg Kleinboeck, P.Geo., an independent consulting geologist and a qualified person as defined in NI 43-101.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's focus is directed towards exploration for high value metals integral to the manufacture of lithium ion batteries.
