The 2,000-metre program aims to increase the existing NI 43-101 Indicated resource of 79,400 tonnes at 0.43% cobalt which remains open in all directions.
Marquee’s managing director Charles Thomas said: “This is an extremely exciting time for the company and its shareholders.
“After minor delays getting ready for this exploration program we can now embark on the aggressive exploration program.
“Werner Lake is one of the key cobalt assets in Canada and this round of drilling should further increase our confidence in the substantial value that this deposit holds.”
Exploration will advance to next phase pending results
Subject to results, Marquee will immediately move to phase II drilling comprised of about 4,000 metres.
Initially, drilling will focus on the Werner Lake West area where the bulk of the NI 43-101 resource estimate has been delineated.
Planned drill holes will test depth extensions, confirm historical drill intersections and will attempt to convert areas of inferred mineralisation to indicated category.
Phase II drilling would continue to test the down dip/down plunge potential of the mineralised zone at both the Werner Lake West and the Old Mine Site areas.