NEW YORK, March 07, 2019 (GLOBE NEWSWIRE) -- via NetworkWire — NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Pacific Rim Cobalt Corp. (OTCQB: PCRCF) (CSE: BOLT), a client of NNW focused on the development of nickel and cobalt projects within Indonesia.
To view the full publication, titled “Growing Demand for Nickel for Batteries Drives Increased Investments in Indonesian Nickel Sector,” visit: http://nnw.fm/W474y
One of the companies making that kind of investment is Pacific Rim Cobalt Corp. (OTCQB: PCRCF) (CSE: BOLT), which has been actively involved in a drilling project located on the northern shore of Indonesia, near China, which boasts the world’s largest electric vehicle battery market. This week the company announced results from eight of the first 15 holes drilled in the Yapase area of the Cyclops Project. The drilling confirmed the development of a complete mineralized laterite profile and is starting to confirm grades and widths that form the basis of the project’s historical estimate.
Pacific Rim began a 50-hole core drilling program in mid-January on areas of laterite delineated by a geological mapping and a hand-augur geochemistry program. A total of 15 holes have been completed, covering a total of 255 meters, with hole depths ranging from 13 to 29 meters. Where possible, holes were drilled to fresh rock in order to intersect the full laterite profile.
About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt Corp. is a Canadian publicly listed company currently focused on the development of cobalt projects within Indonesia. The company believes cobalt will be the next dominant investment trend related to the critical components of lithium-ion batteries. Cobalt is currently in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary potential. For more information, visit the company's website at www.PacificRimCobalt.com.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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