M2 Cobalt Corp. announced that it has successfully mobilized a second drill rig and has commenced drilling at its Bombo and Bombo NW targets at Bujagali. This follows completion of a successful induced polarization program which helped to finalize initial drill collars. It is currently anticipated that the drill program at Bombo will comprise at least 1,000 meters of diamond core drilling. The IP program at Bombo and Bombo NW highlighted several chargeability highs which coincide with the rock and soil Ni ­ Co ­ Cu geochemical anomalies, magnetics and in some cases density or ground gravity anomalies. The initial drill program is designed to test a number of targets across a broad area in what is now believed to be the Bombo Complex.