Jervois completes refundable Idaho drilling 

Jervois Global (ASX:JRV) has completed a US Department of Defence (DoD) refundable surface drilling program at the Sunshine deposit, as part of the Idaho Cobalt Operations (ICO) in Idaho, US. 

The $78.37 million market capitalisation company says drilling is refundable by the US DoD Defense Production Act Title III US$15 million grant award. 

Comprising 7 drillholes, Jervois says results returned cobalt grades up to 1.55%, copper grades up to 1.1%, and gold grades up to 13.68 grams per tonne. 

Jervois says results from Sunshine will be used to validate historic drilling within the deposit and incorporated into an updated Sunshine Mineral Resource Estimate (MRE). 

Meanwhile, the company notes it is continuing underground development to support extensional drilling of the RAM deposit, activities which are also refundable by the DoD. 

Prior to these exploration programs ICO’s mineral resource and reserve is already the largest and highest grade confirmed cobalt ore body in the US.      

Cobalt has been declared by the US government a critical mineral, and a reserve or price floor to sustain domestic American production has been put forward by the US Congressional Select Committee on the Chinese Communist Party. 

Jervois Global is a global supplier of nickel and cobalt serving both the battery and chemicals markets.

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Images: Jervois Global
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.