Cougar Metals NL announced that a preliminary interpretation of data collected during the geophysical survey over part of the Plateado Project area (CGM earning 100%) has been completed. The geophysical profiles were placed in an EW direction over the same area mapped for its geology earlier last year and spaced 100 meter apart. Data was acquired using German technology that consist of a tri-axial fluxgates magnetometer (two horizontal sensor) mounted on an MD4-100 Micro drone resulting in a reading rate of 200 readings per second along the profiles and permitting the production of continuous magnetic lines. Field data was subsequently sent to the geophysical contractor's Santiago office for processing, interpretation, and mapping. Although the magnetic response was of a moderate character ranging between a minimum of 23.600 gammas and a maximum of 24.000 gammas, it was possible to generate standard geophysical maps. Total Magnetic Intensity map with a contour interval of 10 nT and the Reduction to the Pole map generated from the raw data. Results of the interpretation have highlighted three new exploration targets with the most significant corresponding to a big structural complex north of the El Boldo artisanal mine, located on the property, with an azimuth that matches the azimuth of the structure hosting the mineralisation at that mine. The second target of interest is located up dip and only 150 meters from the artisanal workings. Further to the production of the maps and by using Theta techniques, the geophysical contractor was able to interpret three clearly differentiated lithologies, a big structural complex with a NE15° direction crossed by magnetic lineaments of a NW45° direction and five target areas where to focus follow-on exploration efforts. On 7th of February 2018 Cougar announced a farm-in agreement over the Plateado cobalt project in Chile with Antasitua Chile SPA, where Cougar can earn 100% of the project by meeting various exploration expenditures and payments. The Plateado Project comprises 12 contiguous granted tenements, listed as Plateado 1 to 12 in the name of Antasitua Chile SPA, covering an area of 36km2 in the province of Petorca, Chile.