January 17th, 2018 / TheNewswire / Vancouver, British Columbia; - LiCo Energy Metals Inc. ("the Company" or LiCo") TSX-V: LIC, OTCQB: WCTXF is pleased to the report assay results for drill holes GB17-15 through to GB17-19, completed on the Glencore Bucke 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 and LiCo was successful in completing this objective.
A summary of the most significant results of the recent drill core assays are:
- GB17-15 0.17 % Co, 19.9 ppm Ag, and 0.90% Cu over 20.20 m from 42.50 to 62.70 m, including 8.42 % Co, 136 ppm Ag over 0.30 m from 62.40 to 62.70 m.
- GB17-15 0.55 % Co over 0.90 m from 27.50 to 28.40 m, including 0.92 % Co over 0.30 m from 27.80 to 28.10 m.
- GB17-18 0.43 % Co, 86.8 ppm Ag, 0.52% Cu over 0.90 m from 80.10 to 81.00 m.
- GB17-19 0.75 % Co, 111.1 ppm Ag over 0.60 m from 46.00 to 46.60 m, including 1.33 % Co, 208 ppm Ag over 0.30 m from 46.00 to 46.30 m.
"We have consistently seen higher grade cobalt mineralization being intersected throughout the drilling completed at Glencore Bucke" says Tim Fernback, President & CEO of LiCo. "Along with the cobalt, appreciable copper values have been intersected over larger intervals such as 0.90 % over 20.20 m. These additional base metal zones that have been reported over the last several months were not expected".
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 final assay results for the Glencore Bucke Property have been released, however, the Company will continue to release drill results from the Teledyne Cobalt Property as they are received.
The results and drill hole collar information for diamond drill holes GB17-15 through to GB17-19 are summarized in Tables 1 & 2 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) |
| GB17-15 | 22.65 | 23.05 | 0.40 | 0.23 | 1.7 | 66 | 41 | 2 |
| GB17-15 | 27.50 | 28.40 | 0.90 | 0.55 | 2.1 | 29 | 126 | 18 |
| incl. | 27.80 | 28.10 | 0.30 | 0.92 | 2.9 | 40 | 208 | 29 |
| GB17-15 | 42.50 | 62.70 | 20.20 | 0.17 | 19.9 | 8983 | 2638 | 4747 |
| incl. | 45.30 | 45.60 | 0.30 | 0.37 | 27.4 | 9100 | 135 | 4440 |
| incl. | 54.00 | 54.30 | 0.30 | 0.21 | 9.9 | 5370 | 148 | 114 |
| incl. | 55.80 | 57.50 | 1.70 | 0.22 | 32.1 | 18797 | 268 | 103 |
| incl. | 56.30 | 56.70 | 0.40 | 0.48 | 67.6 | 40500 | 271 | 164 |
| incl. | 62.40 | 62.70 | 0.30 | 8.42 | 136 | 1280 | 884 | 447 |
| GB17-15 | 72.00 | 72.50 | 0.50 | 0.12 | 9.9 | 7650 | 2430 | 738 |
| GB17-16 | 34.50 | 35.50 | 1.00 | 0.27 | 1 | 4 | 81 | 7 |
| GB17-16 | 83.40 | 83.70 | 0.30 | 0.15 | 26 | 4190 | 300 | 513 |
| GB17-16 | 89.40 | 90.00 | 0.60 | 0.01 | 6.8 | 7990 | 729 | 770 |
| GB17-16 | 92.00 | 93.90 | 1.90 | 0.00 | 4.3 | 280 | 9768 | 2924 |
| incl. | 92.00 | 93.00 | 1.00 | 0.00 | 5.1 | 245 | 13720 | 4532 |
| GB17-17 | 34.70 | 35.50 | 0.80 | 0.20 | 1 | 92 | 40 | 4 |
| GB17-17 | 42.80 | 51.80 | 9.00 | 0.02 | 4.7 | 5118 | 358 | 118 |
| incl. | 44.60 | 49.00 | 4.40 | 0.02 | 6.9 | 7763 | 171 | 54 |
| incl. | 45.00 | 45.60 | 0.60 | 0.01 | 12.8 | 22450 | 134 | 8 |
| GB17-18 | 76.50 | 82.00 | 5.50 | 0.11 | 25.9 | 6567 | 1812 | 4795 |
| incl. | 78.30 | 81.00 | 2.70 | 0.23 | 37 | 7411 | 283 | 566 |
| incl. | 79.80 | 81.00 | 1.20 | 0.38 | 66.6 | 5228 | 134 | 523 |
| incl. | 80.10 | 81.00 | 0.90 | 0.43 | 86.8 | 5177 | 133 | 662 |
| GB17-19 | 37.70 | 38.10 | 0.40 | 0.11 | 0.2 | 18 | 46 | 2 |
| GB17-19 | 44.50 | 47.40 | 2.90 | 0.16 | 24.9 | 2981 | 62 | 1421 |
| incl. | 46.00 | 46.60 | 0.60 | 0.75 | 111.1 | 689 | 44 | 6745 |
| incl. | 46.00 | 46.30 | 0.30 | 1.33 | 208 | 1210 | 59 | 12400 |
| GB17-19 | 47.40 | 47.80 | 0.40 | 0.30 | 5.4 | 392 | 59 | 179 |
| GB17-19 | 46.00 | 51.00 | 5.00 | 0.16 | 15.6 | 1271 | 54 | 882 |
| incl. | 50.50 | 51.00 | 0.50 | 0.28 | 5.6 | 77 | 55 | 216 |
| GB17-19 | 90.00 | 93.00 | 3.00 | 0.05 | 15.9 | 6456 | 830 | 615 |
| incl. | 91.30 | 91.60 | 0.30 | 0.38 | 49.2 | 17100 | 88 | 410 |
Note: Intervals reported in Table 1 represent core lengths and not true widths.
Table 2: Drill hole Collar Information
| DDH | Azm | Dip |
| GB17-15 | 270 | -45 |
| GB17-16 | 270 | -45 |
| GB17-17 | 270 | -60 |
| GB17-18 | 270 | -45 |
| GB17-19 | 270 | -45 |
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).
LiCo Energy Metals Inc. has implemented a quality assurance/quality control (QA/QC) program for both the Glencore Bucke and Teledyne Property drill programs.
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.
