Canada Cobalt's Re-2OX Produces 22.6% Cobalt Sulphate
Canada Cobalt's Re-2OX Produces 22.6%
Cobalt Sulphate
COQUITLAM, BC
,
Aug. 15, 2018
/CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that
through its proprietary Re-2OX process at SGS Lakefield, the Company has produced the first-ever
premium grade cobalt sulphate from its 100%-owned Castle mine while it also moves immediately
toward the creation of nickel-manganese-cobalt battery grade formulations.
Pilot plant production of cobalt-nickel-rich gravity concentrates at the Castle mine, now underway,
will allow for a scaling up of the Re-2OX process this quarter.
Highlights
:
Canada
Cobalt's
vertically integrated, environmentally green Re-2OX process at SGS has
produced a technical grade cobalt sulphate hexahydrate at 22.6%, directly from cobalt-rich
gravity concentrates produced from the first level of the Castle mine in the prolific Northern
Ontario Cobalt Camp (bypassing the smelting process);
The 22.6% grade exceeds the technical specifications of cathode producers in
Asia
who are in
discussions with the company's marketing representative in that region to evaluate Canada
Cobalt sample product for potential battery sector use (Re-2OX will meet client specific
purities);
The very adaptable Re-2OX process will now create a Canada Cobalt suite of nickel-
manganese-cobalt (NMC) battery grade formulations using an additive approach where
necessary.
Frank Basa
, President and CEO, commented: "Through the expertise of Dr.
Ron Molnar
and the
team at SGS in
Peterborough, Canada
Cobalt
has broken new ground as a technology leader in
Canada's
most prolific
Cobalt
district. We've now demonstrated that from concentrate produced
from the Castle mine, we can create a premium grade end product (cobalt sulphate) without a
smelting process. This is a testament to the efficiency and effectiveness of Re-2OX, a process
that's very amenable to scaling up.
"We look forward to marketing the Canada Cobalt Re-2OX brand to the battery sector while we
ramp up activity at the Castle mine both underground and at surface. Underground work including
diamond drilling is proceeding extremely well, with another update shortly, while the pilot plant and a
surface drill program to test for potential new discoveries east of the mine add important new
dimensions to this exciting project," Basa concluded.
Cobalt
, nickel and manganese recoveries from the concentrate using Re-2OX were 99%, 81% and
84%, respectively, while 99% of the arsenic was removed (refer to
May 31, 2018
, news release).
Qualified Person
The technical information in this news release was prepared under the supervision of
Frank J. Basa
,
P.Eng., Canada Cobalt's President and Chief Executive Officer, who is a member of Professional
Engineers Ontario and a qualified person in accordance with National Instrument 43-101.
Quality Assurance/Quality Control
An 82-kilogram sample of vein material that was taken from the first level of the Castle mine was
crushed to negative 10 mesh and blended by SGS Laboratories in
Lakefield, Ont.
, from which a
representative sample was submitted for analysis by lead fusion fire assay for silver and gold. Other
metals were assayed by ICP after multi-acid digestion. The material was subsequently used for
testing the proprietary Re-2OX process. Canada
Cobalt
relies on internal SGS laboratory
independent QA/QC, which allows the disclosure of the results provided.
About Canada Cobalt Works Inc.
Canada
Cobalt
is a pure play cobalt company focused exclusively on the Northern Ontario Cobalt
Camp,
Canada's
most prolific cobalt district. With three 100%-owned past producing mines, a
proprietary hydrometallurgical process known as Re-2OX, and plans for a 600-tonne-per-day mill at
its flagship Castle Property near
Gowganda, Canada
Cobalt
is strategically positioned to become a
vertically integrated North American leader in cobalt extraction and recovery.
"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.
View original content: http://www.newswire.ca/en/releases/archive/August2018/15/c6509.html
%SEDAR: 00022378E
For further information:
Frank J. Basa, P.Eng., President and CEO at 1-819-797-4144, or Wayne
Cheveldayoff, Corporate Communications, [email protected], 416-710-2410
CO: Canada Cobalt Works Inc.
CNW 17:50e 15-AUG-18