ThSeeker
3 years ago
High-grade Beaver Mine Tailings Drill Program Returns 79.0 G/t Average Silver Grade
COQUITLAM, BC, Feb. 5, 2021 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce high-grade silver assay results from a recently completed sonic drill program at the Beaver Mine. In addition to the high-grade silver veins being documented at the Castle's Robinson Zone, CCW hosts some of the richest tailings in the Cobalt Camp on both the Beaver and Castle properties, The Company is continuing to address all requirements to advance and develop these projects.
Highlights
High-grade silver assays from 314.0 to 13.7 grams per tonne
Completed 127 sonic drill holes for 354 meters drilled
378 samples assayed for silver, cobalt, nickel and copper
Canada Silver Cobalt President, Matt Halliday, P.Geo., stated, "the Beaver Mine has some of the highest silver grade stamp mill tailings in the Cobalt Camp. Planning is in place to begin sonic drilling at the Castle Mine tailings this year. These historic mine properties can provide a readily available source of mineralized tailings for processing to recover the silver and cobalt."
GoldMinds Geoservices has been retained to conduct all work related to the development of the 43-101 resource estimate at the Beaver Mine and has already been on site and begun the planning process. GoldMinds is led by geological engineer Claude Duplessis, P.Eng. and his 33 years global experience including resource estimation, orebody modelling, resource audits and geotechnical studies.
Location
The Beaver property is patented ground and is located 5 kilometers southeast of the town of Cobalt where Temiskaming Testing Labs (TTL) is located. The Castle Silver Cobalt property is roughly two hours away driving time.
The Castle Property is located 15 km east of Caldas Gold's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Quality Assurance/Quality Control
The Beaver tailings were sampled using a Sonic drill. The drill holes are all vertical with a maximum hole length of 4.78 m and a maximum sample length of 1.6 m (average individual sample length 0.8 m). Drill sample recovery is around 85%. Two quality control samples (blank and standards) were inserted into each batch of 20 samples. The tailings samples were placed in a plastic bag, tagged and sealed then shipped to ALS laboratory Val D'Or. The entire sample was dried, weighed and fully pulverized up to 250 g 85% <75 µm. Samples were then split using riffle splitter and 35 elements were analysed using Aqua Regia ICP-AES. Samples grading above 100 g/t Ag, 10,000 ppm Cu, 10,000 ppm Mo, 10,000 ppm Pb or 10,000 ppm Zn were reanalysed using OG46 Method. A total of 10 blank and 10 standards (STD 1 and STD 2) were used during the sampling program.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (APGO) President of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
ThSeeker
3 years ago
Downhole Geophysics Completed on Visually High-Grade Silver Vein Intersected at Robinson Zone
BY Canada NewsWire
— 11:23 AM ET 01/26/2021
COQUITLAM, BC, Jan. 26, 2021 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (the "Company" or "Canada Silver Cobalt") is pleased to announce the completion of a hole-to-hole IP study earlier this month. The study was conducted on the newly discovered, visually high-grade silver vein intersected in hole CS-20-39.
Highlights
Down hole Geophysics was conducted from January 4th -12th 2021.
The holes used for the hole-to-hole pairing contained zones of cobalt and silver veining.
Encouraging results delineated a good response over the 17m mineralized zone.
This study produced testable results that are being investigated by wedge drilling that is now underway. The team is working closely with the geophysicists to interpret results from the initial wedging while a more comprehensive action plan is being developed to delineate new targets in areas where we have already qualified the need for enhanced resolution of existing veins. This initiative will also open up new ground.
A larger geophysical project is also in development that will utilize the Distributed Array System, "DasVision" which will incorporate a bigger geographic area. It is anticipated the study will lead to injecting current in both boreholes and at surface in order to provide better resolution at depth.
Matt Halliday, President commented, "The Company is taking full advantage of new geophysical techniques while maximizing the utility of existing technologies. As the technical team continues to advance and better understand this deposit model, we will have a comprehensive toolbox to facilitate the generation of the best possible targets. New IP techniques will be part of this toolbox that will also include advanced cameras, structural technology including oriented core and directional drilling, and various geochemistry techniques."
Location
The Castle Property is 15 km east of Pan American Silver's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
ThSeeker
3 years ago
Additional High-Grade Silver Intersected at Robinson Zone
BY Canada NewsWire
— 1:00 PM ET 01/22/2021
COQUITLAM, BC, Jan. 22, 2021 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (the "Company" or "Canada Silver Cobalt") is pleased to announce visually high-grade silver has been intersected in a wedge hole. Samples have now been shipped to SGS Lakefield for rush analysis.
Highlights
High-grade silver mineralization intersected in wedge hole CS-20-39 W2
CS-20-39 W2 intersection is 5 meters above CS-20-39
Multiple silver-cobalt-mineralized veins intersected
A sample from original hole CS-20-39 is currently at SGS Lakefield laboratory pending assay.
High-grade silver mineralization over 5 - 6 cm true width in hole CS-20-39W2 (CNW Group/Canada Silver Cobalt Works Inc.)
High-grade silver mineralization over 5 – 7 cm true width in hole CS-20-39 – comparable to the average thickness of veins that produced over 70 million ounces from the 3 major past-producers within 2 km of the Robinson Zone. (CNW Group/Canada Silver Cobalt Works Inc.)
A new wedge hole off CS-20-39W2 has intersected visually significant native silver mineralization comparable to the vein observed in hole CS-20-39, confirming the extension of the high-grade silver mineralization in this vein. Vein is open in all directions. Also of note, the previously reported 17-metre vein zone (CCW press release December 29, 2020) has again been intersected with several of the variably mineralized veins widening up in the wedge interval.
Matt Halliday, President commented, "continued success of intersecting high-grade silver mineralization in the area gives us a better understanding of the developing geological model. Numerous other silver-cobalt mineralized veins were also intersected in this wedge hole. With two drills turning and wedging ongoing, the team on the ground continues to efficiently advance on schedule."
"With silver and cobalt mineralization in the same vein structures, Canada Silver Cobalt Works ( CCWOF) is uniquely positioned in the electric vehicle market place," said Frank J. Basa, B.Eng., P.Eng., CEO, "Silver is becoming the new energy metal. Samsung recently revealed in an article that they developed a solid-state electric vehicle battery with 500-mile range and a life cycle of 1000 recharges. That's a vehicle with a battery that lasts 500,000 miles. Better than any other Lithium-ion battery on the market today
ThSeeker
3 years ago
Canada Silver Cobalt Retains SGS for Re-2OX Pilot Plant for Battery Metals Production
BY Canada NewsWire
— 1:00 PM ET 01/15/2021
COQUITLAM, BC, Jan. 15, 2021 /CNW/ - Canada Silver Cobalt Works Inc. ( CCWOF
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) (the "Company" or "Canada Silver Cobalt") is pleased to announce it has signed an agreement with SGS Canada Inc. to proceed with the Re-2OX pilot plant. This critical step will allow the Company to accelerate the production of client-specific battery metals for the North American electric vehicle (EV) market, a key strategy for the Company.
Highlights of SGS Work
Bench-scale optimization program
Pilot plant flowsheet design
Stage 1 Pilot plant, build and operate at Lakefield, Ontario
In 2018 SGS Lakefield used the environmentally friendly Re-2OX process to recover 99% of the cobalt and 81% of the nickel from a composite of gravity concentrates while also removing 99% of the arsenic, a long-time issue in this cobalt-rich Cobalt Camp. The gravity concentrates graded 9.25% cobalt, 5.65% nickel, 49.9% arsenic and 9,250 g/t silver. The Re-2OX process was used at SGS to produce a technical grade cobalt sulphate hexahydrate at 22.6%, directly from cobalt-rich gravity concentrates produced from the first level of the Castle mine. The 22.6% cobalt sulphate compound exceeded the specifications required by battery manufacturers at that time.
The plan calls for SGS to design and build the Stage 1 pilot plant at Lakefield, Ontario. Feed material for this test work will come from the underground at the Castle mine, the high-grade silver discovery Robinson Zone, Beaver and Castle tailings, recycled batteries, and from newly acquired properties.
Temiskaming Testing Laboratories (TTL) is an analytical facility the Company acquired in 2020 and, as a prominent Silver-Cobalt explorer in the region, we are taking all the necessary steps to become a producer of both silver and battery metals for the EV market, while fully developing all of our assets. Feed material will be North American, with production specifically designed for the North American EV market.
Management sees the Re-2OX pilot plant as a long-term strategic advantage that will facilitate the production of battery metals for the EV market for many years. More importantly, production can be certified as ethically sourced within stringent Canadian environmental standards and traceable verification of a closed-loop supply chain that will ensure this product is highly sought-after and could even possibly garner a premium due to source verification. The cobalt ore will come from the Cobalt region including from the Castle property currently being aggressively drilled for high-grade silver and battery metals.
Frank Basa, CEO and Director commented, "back in the day, in the Cobalt Camp, the approach was simple; they followed the high-grade silver veins and discarded all the other material which was in fact battery metals that graded over 10 percent cobalt equivalent in base metals. The economics of harvesting both the base metals and silver, then adding value by processing it into premium EV battery metals will provide the Company with two solid income streams and we are excited for the future as the High-Grade and Technology Leader in Canada's Silver Cobalt Heartland."
The Company has also retained the services of ONSite Labs as an independent contract operator of the TTL facility. ONSite are commercial analytical lab operators. Over the next four months, ONSite Labs will process samples to prove the ability to produce viable data with the highest standards of quality control. It is anticipated that the lab will be fully operational and open for business by the summer of 2021. CEO Frank Basa notes that "adding ONSite is a huge plus and turn-around times should be much shorter than what we have been experiencing. The key here is that although they will be operating in TTL, they will be independent which allows us to use their services in an arms-length relationship."
Although electric vehicles have been increasingly in the news and can been seen on the roads with increasing regularity, the reality is that the EV megatrend is just starting. Each month another country, state, province or jurisdiction goes on record stating the date after which it will no longer permit the sale of combustion engine powered vehicles. EV industry analysts have noted that once the price for a new electric vehicle is equal to a new gas-powered vehicle, adoption will go fully mainstream and demand will go vertical. The main source of power for EV's continues to be Lithium-Ion batteries where cobalt's role in the chemistry ensures stability and enhances range.
Cobalt is a strategic metal due to its wide range of applications aside from battery technology which includes medical devices but is also important in defence and military applications. North America is in dire need of a secure supply, especially the United States. This deficiency and unintended reliance on external sources fully came to light when, on January 9, 2020, a joint press release between the United States and Canada was issued titled "Canada and the U.S. Finalize Joint Action Plan on Critical Metals Collaboration".
There are other battery metals that will also be in demand such as nickel and manganese, so the Company has been staking additional properties that have the potential for these and other battery metals. Several properties have either been acquired or staked mainly in Quebec with the goal of creating a portfolio of properties.
Location
The Castle Property is 15 km east of Pan American Silver's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
ThSeeker
3 years ago
High-Grade Visible Gold at 25 Grams Per Tonne Intersected at the Robinson Zone
COQUITLAM, BC, Dec. 17, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that Canada Silver Cobalt Works intersected high-grade gold mineralisation with cobalt within the high-grade silver-cobalt mineralized vein structures at the Castle property. Drilling continues around the clock, seven days a week with 2 drills. A 50,000-meter drill program is in place of which 18,000 meters have been completed.
Gold Highlights:
CS-20-31 intersected 24.95 g/t Au over 0.30 meters from 49.70 – 50.00m with visible gold in calcite veining within Archean volcanic tuff.
CS-20-31, drilled towards the North, intersected 3.82 g/t Au over 2.86 meters from 451.00 - 453.86m, including 6.11 g/t Au over 1.66 meters from 451.52 - 453.18m.
CS-20-25, collared 300 meters northwest of CS-20-31, intersected three separate vein structures at shallower levels. This hole intersected 5.00 g/t Au over 1 meter, from 315.00 – 316.00m; 0.78 g/t Au over 0.8 meters, from 145.50 - 146.30m; and 0.6 g/t Au over 1 meter, from 240.00 – 241.00m.
The gold-cobalt mineralisation found in hole CS-20-31 is the fourth potential expansion to the Robinson system, giving at least 5 mineralized veins in the area. The vein in hole CS-20-31 appears to be a different orientation to the other en echelon veins identified and is the first vein in the Robinson system with significant gold results. A percentage of holes in this program has been allocated to identifying and following up on structures in this orientation. With this new discovery, the information previously gathered to the west is being revisited and reinterpreted to identify a potential connection between the Archean gold system previously identified and these veins found in the diabase.
Matt Halliday, P.Geo., Canada Silver Cobalt's President, commented: "Hole CS-20-25 is confirming the working hypothesis regarding the potential correlation between the gold mineralization in the Robinson Zone and that previously identified in the gold zone immediately west of the Robinson where substantial Archean alteration typically associated with gold mineralisation has been recorded. Significantly, in hole CS-20-31, a gold structure within the Robinson Zone, that is associated with the silver-cobalt veins of the diabase, has been identified. Given the reports from this historic Camp of silver bars containing recoverable amounts of gold, this newly identified gold mineralization is extremely exciting. Additionally, CS-20-31 has visible gold near surface. This, and identifying further gold mineralization near surface, will dramatically impact the economics of the Robinson Zone vein system."
Gold Target Above the Diabase
Starting 40 meters downhole and continuing to 368 meters, CS-20-24 intersected multiple, potential gold-bearing quartz-carbonate, multi-generational veins with sulphide mineralisation and intense alteration in the Archean package above the Nipissing diabase. Arsenopyrite was also noted in feldspar porphyry.
As reported by Canada Silver Cobalt on March 2, 2020, the last drill hole that targeted gold mineralisation at Castle East (CS-19-19) intersected 4.3 grams per tonne gold over four metres and 1.5 g/t Au over 12.5 metres within a 30-metre mineralised zone (core length, true width unknown at this time) grading 0.70 g/t (vertical depth approximately 240 metres). This broad interval included one metre that returned 15.2 g/t Au. This early-stage gold discovery is approximately 460 meters southwest of the visually encouraging zones encountered in CS-20-24, and the potential relationship between the two areas is being investigated as geologists await assays for this latest hole.
Now, with gold found in CS-20-31 near surface and within the diabase, the potential corridor of Archean gold has been increased by over 200m at surface. If the gold in the cobalt-silver veins comes from reactivated Archean structures, this could also indicate gold at depth below the diabase.
Location
The Castle Property is 15 km east of Pan American Silver's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
http://www.newswire.ca/en/releases/archive/December2020/17/c4688.html
ThSeeker
4 years ago
Reminder - About Canada Silver Cobalt Works Inc. ( CCWOF ) www.canadasilvercobaltworks.com
Canada Silver Cobalt Works ( CCWOF ) released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. In May 2020. A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
ThSeeker
4 years ago
Canada Silver Cobalt Provides Update on the Advancement of the Robinson Zone Ramp Project
COQUITLAM, BC, Oct. 16, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce significant ramp project advancement in environmental studies, site development, community engagement, First Nations consultations, and exploration which will further de-risk the Robinson Zone Project which is 100-percent owned by the Company, in the 78-square-kilometre Castle Silver Mine property, in Gowganda, Ontario, Canada.
Highlights and updates:
Engaged an environmental consultant to begin a gap analysis at the Robinson Zone. The gap analysis will develop a baseline study for ramp development. The company plans to setup drill stations underground to further the exploration program. A bulk sample will be taken for metallurgical testing.
Engaged a mining consultant to develop a scope of work for the upcoming engineering studies to design the ramp. The necessary information has been forwarded to the mining consultant.
Retained SGS Lakefield to further develop the company's Re-2OX process. The metallurgical program will consist of producing battery-grade cobalt and nickel sulfates with the recovery of silver into dore bars.
Advanced the 2020-21 Robinson Zone 50,000-meter drill program in the fourth quarter with 20 percent completed to date and with appropriate COVID-19 protocols in place. Four new, mineralized vein structure have been identified. The exploration target is enlarged up to 135 metres East-West, up to 100 metres North-South and up to 256 metres vertically.
Matt Halliday, P.Geo., President, commented: "This is a pivotal moment for CCW. With the continued success of the drill program, building a ramp to further de-risk the project is the next stage in developing a robust resource. The company is adding to our technical team to execute the exploration and development plans."
Location
The Castle Property is 15 km east of Pan American Silver's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (APGO) VP Exploration of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc. www.canadasilvercobaltworks.com
Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. In May 2020. A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
"Frank J. Basa"
Frank J. Basa, P. Eng.
Chief Executive Officer
ThSeeker
4 years ago
NEWS: Canada Silver Cobalt Expands Robinson Zone by 500 Percent, Intersects New High-Grade Vein
COQUITLAM, BC, Sept. 30, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce a major reinterpretation of the past-producing Gowganda Silver Camp, 75 kilometers southwest of Kirkland Lake, and vast expansion to the mineralized Robinson Zone at Castle East with just the first 9,000 metres in Phase 1 of the 50,000-metre drill program in this exciting high-grade grassroots silver discovery.
Highlights:
3,452 g/t silver over 0.4 metres downhole in hole CS-20-28 intersected 75 metres above Robinson Zone original intersection in an all-new vein
Targeted exploration area significantly enlarged up to 135 metres East-West, up to 100 metres North-South and up to 256 metres vertically – resulting in a 500% increase in known mineralized area
At least 4 new mineralized veins identified in the first 9,000 metres of 50,000 metre drill program
Strategic drilling has opened up at least 3 new veins – including 3,452 g/t silver over 0.4 metres (true width unknown) downhole – an all-new vein intersected in hole CS-20-28, 75 metres above Robinson Zone original intersection - at a depth of 347 metres. Additionally, the Company is very encouraged with the intersection of multiple, large carbonate veins at depth, conveying a strong plumbing network to the Robinson Zone and Castle East. These additional veins contain sufficient silver mineralization to justify further targeting them in search of potential high-grade mineralized panels. Mineralization is being added to the east-west lateral extent of the Zone along with new veins to the north and the south. The deposit model is continually updated to extract new and valuable structural and geochemical information.
Due to the early and significant successful progress to date - Canada Silver Cobalt Works has completed 18% of the initial, proposed 50,000-metre drill program – the Company is already considering expanding the program to follow up on the newly identified mineralized veins as well as to further expand the potential exploration horizon. There are currently 2 drill rigs on site drilling round the clock. The Company is redefining historic assumptions about silver exploration in the Gowganda Camp.
The uppermost mineralized vein intercept in hole CS-20-31 (assays pending) occurs less than 10 metres below the upper contact, at a vertical depth of 336 metres and the original high-grade vein intersection in hole CA-1108 grading 40,944 g/t silver (1,194 oz/ton) over a core length of 0.45 metres with a true width of approximately 7cm (refer to August 25, 2011, Gold Bullion Development news release) at a vertical depth of approximately 430 metres. Another deep mineralized vein was intersected in CS-20-22W3 (assays pending), the deepest one to date, at 592 metres vertical depth.With these recent new mineralized vein discoveries, the vertical extent of significant silver mineralization has now reached 256 metres.
Notably, vein intersections at Castle East exist in both the upper and lower parts of the Nipissing diabase sill, near the contact with the Archean volcanics, greatly enhancing the deposit potential of the area with implications for the broader Camp where historic production was predominantly within the upper half of the diabase sill. CCW now has a greater opportunity to expand the Robinson Zone since the potential mineralized horizon is much larger than originally believed.
Matt Halliday, P.Geo., VP-Exploration, commented: "We are excited about the drill program; we initiated a large-scale drill program and we are realizing the results. We have moved from a single vein at the Robinson to at least 4 mineralized veins, greatly expanding the potential for new high-grade panels. We have expanded the traditional mineralized horizon. It has been noted in literature that the upper third to upper half of the diabase sill is the mineralized horizon - it is now our belief that the entire diabase sill has the potential to be mineralized."
Property Map
Visit the Canada Cobalt website at https://canadasilvercobaltworks.com/ for an updated Castle Property Map, or click on the following link: https://canadasilvercobaltworks.com/projects/maps/
Location
The Castle Property is 15 km east of Pan American Silver's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Quality Assurance/Quality Control
Samples were collected using a 0.3-meter minimum length, one-meter maximum length. Drill core recovery averaged 95%. Two quality control samples (blank and standards) were inserted into each batch of 20 samples. The drill core was sawn with one half of the sawn core placed in a plastic bag with the sample tag and sealed, while the second half was returned to the core box for storage on site. For the high-grade intercepts, only one-quarter of the core has been sent for assaying to Swastika Laboratories in Swastika, Ontario. Where silver was visually and significantly present, a pulp-metallic analysis was requested for the silver and gold assays where the entire sample is dried, weighed and crushed over 95% then fully pulverized and passed through 200-mesh screen to create a plus 200-mesh fraction (metallics) and a minus 200-mesh fraction (pulp). The minus 200-mesh fraction (fines) was run using geochemical analysis with AA finish for Ag, Au, Cu, Ni, and Co. The entire +200 mesh (coarse) fraction was analyzed using gravimetric processes (fire assay) for both Ag and Au to provide a weighted average assay for the entire sample. Swastika Laboratories is an ISO/IEC 17025:2005 certified lab independent of Canada Cobalt.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (APGO) VP Exploration of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. In May 2020. A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
"Frank J. Basa"
Frank J. Basa, P. Eng.
Chief Executive Officer
ThSeeker
4 years ago
Canada Silver Cobalt Terminates IR Agreement
COQUITLAM, BC, Sept. 14, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") announces that it has terminated its Investor Relations Agreement dated July 24, 2020 with GRA Enterprises LLC.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver-Cobalt District of Northern Ontario. With an important new discovery at Castle East, underground access at the Castle mine, a processing facility (TTL Laboratories) in the nearby town of Cobalt, a proprietary hydrometallurgical process known as Re-2OX, and the Beaver and Violet properties, CCW is strategically positioned to become a Canadian leader in the silver-cobalt space.
ThSeeker
4 years ago
Sept. 2, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") announces that further to its news release dated today, the Company has increased and closed on an additional $50,000 bringing the total funds raised in all tranches to $6,743,730.
The Company has issued an additional 90,909 units ("Units") in the final closing. Each Unit is comprised of one common share of the Company and one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.65 per share, for a period of three years from closing, subject to TSX Venture Exchange ("Exchange") final approval.
The proceeds of the private placement will be used for ongoing drilling of the Castle East Robinson Zone discovery, near the town of Gowganda, Ontario and for general working capital.
All securities issued in connection with the private placement are subject to a four–month and a day hold period in accordance with applicable Canadian Securities Laws.
ThSeeker
4 years ago
Canada Silver Cobalt Closes 2nd Final Tranche Private Placement
COQUITLAM, BC, Sept. 1, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that further to its press release dated August 19, 2020 the Company has closed its second final tranche of its non-brokered private placement financing, raising gross proceeds of $3,547,000. The Company closed the 1st tranche on August 14, 2020 raising $3,146,730. The Company is pleased to report it has raised a total of $6,693,730 in both tranches.
The Company has issued an additional 6,449,091 units ("Units") in the final closing. Each Unit is comprised of one common share of the Company and one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.65 per share, for a period of three years from closing, subject to TSX Venture Exchange ("Exchange") final approval.
The proceeds of the private placement will be used for ongoing drilling of the Castle East Robinson Zone discovery, near the town of Gowganda, Ontario and for general working capital.
Finder' fees in the amount of $32,900 and the issuance of 59,818 finder warrants were paid in connection with the private placement. The finder's warrants are on the same terms as the financing warrants. The finder fees are subject to Exchange approval.
All securities issued in connection with the private placement are subject to a four–month and a day hold period in accordance with applicable Canadian Securities Laws.
ThSeeker
4 years ago
IMPRESSIVE SUMMARY by NIA:
On Friday afternoon at 3:35PMEDT, NIA announced Canada Silver Cobalt Works (TSXV: CCW) at $0.55 per share as its first brand new silver stock suggestion in several years and gave it NIA's highest confidence rating of 100. CCW rallied into the close and finished last week at $0.59 per share. The TSXV is closed on Monday for Civic Holiday, but the U.S. OTCQB will be open where CCW trades under the symbol CCWOF.
Most investors who have previously heard of CCW, recognize the company as a cobalt play. CCW remains undiscovered as a silver play, having just changed its name from Canada Cobalt Works to Canada Silver Cobalt Works on May 19, 2020. CCW on July 13, 2020 filed a NI 43-101 resource estimate and has established the highest grade silver resource out of all publicly traded companies!
CCW reported an inferred resource for Zones 1A and 1B of the Castle East Robinson Zone totaling 27,400 tonnes with an average grade of 8,582 g/t silver containing 7,560,200 oz of silver.
Castle East is part of CCW's 100%-owned, 78 sq. km Castle Property also featuring the past producing Castle mine. CCW's Castle Property is 15 km east of Pan American Silver’s Juby gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, and 75 km southwest of Kirkland Lake Gold’s Macassa Complex.
In 2011, the previous operator of the project drilled the hole CA-11-08 at Castle East and intercepted 6,476 g/t silver over 3.02m including 40,944 g/t silver over 0.45m.
CCW followed up on this discovery in their 2019/2020 drill program. CCW used a custom-built inspection camera to successfully reach the 2011 drill hole intersection of spectacular native silver at a vertical depth of 420m where it was able to view, identify, and film the vein of extremely high grade silver, allowing it to accurately plot a series of wedge holes designed to pierce the vein structure at four different points to immediately begin defining a high-grade silver resource!
CCW in late-2019 drilled four successful wedge holes from CA-11-08 totaling 726.27m. Wedge hole CS-19-08W1 intercepted 20,741 g/t silver over 1.5m including 50,583 g/t silver over 0.6m approximately 10m above and west of the original mineralized zone discovered by CA-11-08. Wedge hole CS-19-08W2 intercepted 7,259 g/t silver over 4m including 70,380 g/t silver over 0.3m approximately 8m west of the mineralized zone discovered by CS-19-08W1.
CCW's recent drill hole from surface CS-20-22 intercepted 4,971.39 g/t silver over 0.60m including 8,338.41 g/t silver over 0.35m approximately 95m below the Robinson Zone. CCW believes that they have discovered a second major vein structure. This discovery is not a part of CCW's resource estimate.
CCW's recent drill hole from surface CS-20-24 intersected three separate visually well-mineralized vein structures at shallower levels including native silver within a 5m zone approximately 47m above the Robinson Zone. A network of high-grade native silver veins has now been traced over a vertical distance of 144m and remains open in all directions!
Castle East is within a 2km radius of three major past-producing silver mines: the Castle, Capitol and O'Brien mines. These three mines had total historical silver production of 60 million oz! They comprise a large silver-rich system of abundant vein networks that follow the dip of the diabase toward Castle East in the heart of the Miller Lake Basin.
CCW's Castle Mine has historical production of 9.5 million oz of silver at an average grade of 850 g/t silver! Most recently, Agnico-Eagle Mines Ltd (AEM) produced 3 million oz of silver from the Castle Mine prior to abandoning operations in 1989 following a collapse in silver prices.
Matt Halliday just took over on June 30, 2020 as CCW's President and COO. He joined CCW last year from Kirkland Lake Gold (KL) where he was resource geologist. Over the next 12 months, he will be conducting a 50,000m drilling campaign at the Castle Property.
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