MetalsTech Limited announced that the diamond core drilling program on the company's Bay Lake North (BLN) cobalt project, located in Ontario, Canada, has been successfully completed. The drilling program comprised of eight drill holes for approximately 1,200 m of diamond core drilling. Core processing, geological logging of the holes and down-hole geophysical surveying of the holes is currently being completed on site. The samples from the drilling program are also being prepared and bagged for delivery to the laboratory and will be delivered within the next seven days. Once the samples are delivered to the laboratory, the company will have a better understanding of the timing of receipt of assay results and will update shareholders accordingly. The company is now planning to move the diamond core rig to Rusty Lake, where drilling is set to commence in the next two weeks pending the receipt of the final permit. The company has received the initial permit allowing site preparation ahead of the drilling campaign and the cutting of lines for a ground geophysical program. This work is proposed to commence immediately.