Canada Cobalt Intersects Massive Silver as Castle East Discovery Builds Out Maps and Photos Included in this news release (see below) is a plan view map and three core photos representative of massive mineralization at this new discovery. Refer to the Canada Cobalt website at
Canada Cobalt Intersects Massive Silver as
Castle East Discovery Builds Out
Maps and Photos
Included in this news release (see below) is a plan view map and three core photos representative
of massive mineralization at this new discovery. Refer to the Canada Cobalt website at
CanadaCobaltWorks.com
for updated maps and additional core photos throughout this drill program.
Disclaimer: Core photos below are of selected intervals and are not necessarily representative of
the mineralization hosted on the property.
COQUITLAM, BC
,
Dec. 12, 2019
/CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that initial
and ongoing follow-up drilling at the Castle East Robinson Zone high-grade silver discovery has
intersected
massive native silver mineralization
over a wider vein width up-dip from drill hole CA-
11-08, further supporting the potential for a rich new silver-cobalt system in the heart of a basin area
immediately adjacent to three past producers in the prolific Gowganda Camp.
Following four successful short wedge holes that provided important initial pierce points into this
northwest-southeast striking and southwest dipping vein structure, Canada Cobalt has just
commenced a program of new drill holes from surface aimed in part at determining the full extent of
this highly mineralized "shoot". The deposit model and history of the Camp, and the broader Northern
Ontario Silver-Cobalt district, shows that these narrow but unusually rich vein shoots (generally one
to six inches in true width and in rare cases up to ~12 inches in true width) can extend for tens or
even hundreds of feet (pinching and swelling). They are typically surrounded by strongly mineralized
wall rock and often within a network of closely spaced parallel veins and veinlets in addition to silver-
filled fractures.
The Robinson Zone discovery is unique in the district as it's a grassroots find of a potential "blind"
deposit aided by geophysics (induced polarization surveys) and a custom built high technology
downhole camera successfully deployed by GoldMines Geoservices who are managing the current
drill program.
Drilling Highlights:
Wedge hole CS-19-08-W01 intersected a visually highly mineralized core interval of 4.65 meters
(15.25 feet) approximately 10 meters above and west of CA-11-08. Significantly, this interval
includes a large vein of 20 cm (8 inches) estimated true width of intense native silver, pervasive
carbonate alteration and a visually higher silver-to-calcite ratio than CA-11-08 which returned
40,944 g/tonne
(
1,194 oz/ton
) silver over an estimated true width of 5 to 7 cm (2 to 2.5
inches) at a vertical depth of approximately 430 meters;
The shoot of high-grade mineralization within the Robinson Zone discovery vein is now believed
to extend for at least 15 meters (49.2 feet) and was not delimited in any way through the four
wedge holes that each intersected multiple veins and silver-filled fractures;
Core from the first four wedge holes has been split and some samples have already been sent
for assaying (assays from the first wedge hole are possible prior to Christmas).
Doug Robinson
, P.Eng., a Canada Cobalt consultant and a leading authority on silver-cobalt deposits
in the Northern Ontario Silver-Cobalt District, commented: "I've always believed there were more
Castles at Castle. History shows that these richly mineralized shoots are never found in isolation. In
this case, modern technology has opened a whole new domain of exploration for Canada Cobalt.
What was understandably missed by historic miners and explorers even 20 or 40 years ago is
today's big opportunity in a region proven to have very strong metal endowment as the birthplace of
Canadian hard rock mining."
Additional Highlights:
The Robinson Discovery Zone vein shoot has been found just below the middle of the
Nipissing
diabase at under-explored Castle East. The upper and lower portions of the
Nipissing
diabase in
this part of the 78 sq. km property have never been systematically tested, reinforcing the
potential for additional deposits beyond the three main mines in the Gowganda Camp that were
very active high-grade silver producers last century;
The Robinson Zone discovery is 1.9 kilometers east of Castle Shaft #3 and less than one
kilometer east of the historic workings at the Capitol and Siscoe (
Miller Lake O'Brien
) mines;
The deposits in the Gowganda Camp are associated with low angle faults, and those low angle
faults are believed to extend to the Robinson Zone and beyond;
Drilling continues until a few days prior to Christmas when crews will take a short break and
then resume drilling during the first week of January. All-in costs for winter drilling are below
industry average at approximately
$175
(CDN) per meter.
Castle Property/Gowganda Camp (CNW Group/Canada Cobalt Works Inc.)
Core Photo 1 - CS-19-08-W01 (CNW Group/Canada Cobalt Works Inc.)
Core Photo 2 - CS-19-08-W02 (CNW Group/Canada Cobalt Works Inc.)
Core Photo 3 - CS-19-08-W03 (CNW Group/Canada Cobalt Works Inc.)
Corporate Update
Mr.
Matt Halliday
commences his duties as VP-Exploration for Canada Cobalt beginning
Monday,
December 16
(refer to
Nov. 18, 2019
news release). He officially joins Canada Cobalt from
Kirkland
Lake Gold
where he has been serving as resource geologist.
Mr. Halliday will guide Canada Cobalt's expanded underground and regional exploration programs in
addition to playing an important role at "CCW PolyMet" in an acquisition that's expected to close
prior to year-end.
Quality Control/Assurance
The drill program and sampling protocol are being managed by geologists from GoldMinds
Geoservices. Holes CS-19-08-W01 to W04 were wedges drilled off the historic CA-11-08 hole. The
original hole was re-opened, a modern gyro survey was completed to confirm the location of the
hole at depth and then the wedges were drilled from different depths using NQ diameter drill core.
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 assays where the entire sample will be 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 -200 mesh fraction
(fines) will be run using geochemical analysis with AA finish for Ag, Au, Cu, Ni, and Co. The entire
+200 mesh (coarse) fraction will be analyzed using gravimetric processes (fire assay) for both Ag
and Au to provide a weighted average assay for the entire sample.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr.
Merouane
Rachidi
, Ph.D., P.Geo., (PGO, APEGNB and OGQ) of GoldMinds Geoservices, a qualified person
in accordance with National Instrument 43-101.
About Canada Cobalt Works Inc.
Canada Cobalt has 100% ownership of the Castle mine and the 78 sq. km Castle Property with
strong exploration upside in the prolific past producing
Gowganda
high-grade Silver Camp of
Northern Ontario
. With underground access at Castle, a pilot plant to produce cobalt-rich gravity
concentrates on site, 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 Cobalt is strategically positioned to become a vertically integrated North American leader in
cobalt extraction and recovery while it also exploits a powerful new silver-gold market cycle.
"Frank J. Basa"
Frank J. Basa
, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This news release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such statements.
SOURCE
Canada Cobalt Works Inc.
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For further information:
Frank J. Basa, P.Eng., President and CEO, 1-416-625-2342; Marc
Bamber, Director, [email protected], +44-7725-960939
CO: Canada Cobalt Works Inc.
CNW 20:15e 12-DEC-19