January 19th, 2018 / TheNewswire / Vancouver, British Columbia; - LiCo Energy Metals Inc. ("the Company" or LiCo") TSX-V: LIC, OTCQB: WCTXF is pleased to report assay results for drill holes TE17-04 and TE17-05 completed on the Teledyne Cobalt Property, located 6 km northeast of Cobalt, Ontario. The current drill program was designed to confirm and extend the existing known mineralization along strike and up and down dip.
A summary of the most significant results of the recent drill core assays are:
- TE17-05 2.32% Co over 4.00 m from 126.5 to 130.50 m, including 21.9% Co over 0.36 m from 127.64 to 128.00 m
- TE17-04 1.82% Co over 6.00 m from 138.00 to 144.00 m, including 5.06% Co over 1.75 m from 141.25 to 143.00 m, and 18.70% Co over 0.15 m from 141.64 to 141.79 m.
- TE17-05 1.70% Co over 6.00 m from 136.00 to 142.00 m.
"LiCo is very encouraged by these higher-grade results for the Teledyne Cobalt Project" says Tim Fernback, President & CEO of LiCo. "These are the highest grade results that have been intersected to date on either LiCo's Teledyne or Glencore-Bucke Properties that LiCo has drill tested to date."
On the Teledyne Cobalt Property, the Company completed a total of 11 diamond drill holes totaling 2,200 m in the fall of 2017.
The results and drill hole collar information for diamond drill holes TE17-04 to TE17-05 are summarized in Tables 1 & 2 below.
Table 1: Drill hole Collar Information
| DDH | Azm | Dip |
| TE17-04 | 090 | -45 |
| TE17-05 | 090 | -45 |
Table 2: Summary of Diamond Drill Results
| DDH | From (m) | To(m) | Core Length (m) | Co(%) | Ag (ppm) | Cu (ppm) | Zn (ppm) | Pb (ppm) |
| TE17-04 | 138.00 | 144.00 | 6.00 | 1.82 | 4.7 | 742 | 49 | 20 |
| incl. | 138.50 | 144.00 | 5.50 | 1.98 | 5 | 786 | 51 | 21 |
| incl. | 139.00 | 144.00 | 5.00 | 2.16 | 5.4 | 840 | 53 | 23 |
| incl. | 140.45 | 143.00 | 2.55 | 3.84 | 8 | 1242 | 67 | 33 |
| incl. | 141.25 | 143.00 | 1.75 | 5.06 | 9.1 | 744 | 85 | 36 |
| incl. | 141.64 | 141.79 | 0.15 | 18.70 | 16 | 251 | 6 | 37 |
| TE17-05 | 126.50 | 130.50 | 4.00 | 2.32 | 7.6 | 425 | 49 | 61 |
| incl. | 127.00 | 128.00 | 1.00 | 8.48 | 5.6 | 105 | 25 | 24 |
| incl. | 127.00 | 129.00 | 2.00 | 4.47 | 7.1 | 263 | 28 | 50 |
| incl. | 127.64 | 128.00 | 0.36 | 21.9 | 11.5 | 42 | 31 | 36 |
| TE17-05 | 136.00 | 142.00 | 6.00 | 1.70 | 2.6 | 40 | 148 | 28 |
| incl. | 136.00 | 140.00 | 4.00 | 2.47 | 2.8 | 34 | 210 | 33 |
| incl. | 136.50 | 138.5 | 2.00 | 4.41 | 3.7 | 30 | 141 | 46 |
Note: Intervals reported in Table 2 represent core lengths and not true widths.
QA/QC Program
LiCo Energy Metals Inc. has implemented a quality assurance/quality control (QA/QC) program for Teledyne Cobalt Property Phase 1 diamond drilling program.
Diamond drill core was logged, then sawed in half, with one half placed in a labelled bag, and the remaining half placed back into the core box and stored in a secured compound. Either a standard or a blank was inserted every 20th sample. All samples were shipped to Activation Laboratories in Ancaster, Ontario. Each sample is coarsely crushed and a 250 g aliquot is pulverized for analysis. A 0.25g sample is digested with a near total digestion (4 acids) and then analyzed using an ICP. QC for the digestion is 14% for each batch, 5 method reagent blanks, 10 in-house controls, 10 samples duplicates, and 8 certified reference materials. An additional 13% QC is performed as part of the instrumental analysis to ensure quality in the areas of instrumental drift. If over limits for Cu, Pb, Zn, and Co are encountered, a sodium peroxide fusion, acid dissolution followed by ICP-OES is completed. For Ag over limits, a four-acid digestion is completed followed by ICP-OES.
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.
