The company says it is developing two deposits towards mining, the Juomasuo cobalt-gold deposit in Kuusamo and the Haarakummu cobalt-copper deposit in Posio.
Latitude 66 Cobalt, a mining company specialising in ore exploration and cobalt mining projects, says it has discovered a new cobalt-gold deposit in Kuusamo. The deposit is located in the Ollinsuo ore prospecting area near Lake Kitkajärvi, according to the company’s press release. The company also made a deposit discovery in the area the year before last.
– “Through our exploration work over the past few years, we have proven that the Ollinsuo exploration targets form a significant and independent cobalt-gold-copper deposit,” says Thomas Hoyer, CEO.
Latitude 66 Cobalt Oy is conducting ore exploration for technology minerals in 18 municipalities in Kainuu, Northeast Finland and Lapland.
The company says it is developing two well-known deposits towards mining, the cobalt-gold deposit in the Juomasuo mining district in Kuusamo and the Haarakummu cobalt-copper deposit in Posio.