CANADA SILVER COBAL T ENGAGES GOLDSPOT DISCOVERIES TO APPL Y AI TO HIGH-GRADE SILVER CASTLE EAST PROJECT Developing high-quality, data-driven drill targets for high-grade silver, cobalt, and gold at the Castle East property in Gowganda, Ontario
CANADA SILVER COBAL T ENGAGES GOLDSPOT DISCOVERIES TO
APPL Y AI TO HIGH-GRADE SILVER CASTLE EAST PROJECT
Developing high-quality, data-driven drill targets for high-grade silver, cobalt, and gold at the
Castle East property in Gowganda, Ontario
Coquitlam, BC, November 2, 2021 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that it has engaged GoldSpot
Discoveries Corp. (TSXV: SPOT) (“GoldSpot”) to apply their proprietary machine learning technology and
geoscience expertise to the Castle East project located in Gowganda Ontario.
GoldSpot will be working in conjunction with the geotechnical team at Canada Silver Cobalt to assist in
expanding current resources, creating additional drill targets, and to identify Smart Targets for new
discoveries at a more regional scale.
Canada Silver Cobalt Works has extensive datasets across multiple geoscientific fields. GoldSpot will
homogenize, integrate, process, and interpret these exploration datasets. The interpreted and derived
products will be used as input layers to GoldSpot’s proprietary machine-learning techniques which will be
validated by the GoldSpot’s team of expert geoscientists.
“Canada Silver Cobalt has some of the best silver intercepts in recent history and we are very excited to be a
part of that,” comments GoldSpot Chief Executive Officer Vincent Dubé-Bourgeois. “GoldSpot looks forward to
working with the geotechnical team at Canada Silver Cobalt and identifying additional targets for expansion
of deposits as well as further discoveries.”
Matt Halliday, President and Chief Operating Officer, commented: “Our team looks forward to working with
the GoldSpot. I believe that this data-driven project will open up new possibilities at Castle East, leading to more
efficient use of our drill meters, and will help us both generate and prioritize drill targets in our broad
exploration package.”
Recent successes, using GoldSpot’s proprietary technology include Pretium Resources’ Brucejack Property
in Northern B.C. with the identification of 65 new targets leading to the Golden Marmot zone as well as at
Critical Elements’ Bourier Property in Northern Quebec where they helped identify 5 new zones of
spodumene-rich (Li-rich) pegmatite, exemplify the potential across all commodities and multiple deposit
types.
Location
The Castle Property is 15 km east of Aris Gold Corp’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.
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.com
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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.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Frank J. Basa, P.Eng.,
Chief Executive Officer of Canada Silver Cobalt Works Inc., a qualified person in accordance with National
Instrument 43-101.
About GoldSpot Discoveries Corp.
GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology company using artificial
intelligence to revolutionize the future of global mineral exploration with a full suite of data and
knowledge-driven SaaS tools and services. GoldSpot works with industry leaders across all commodity
and deposit types to identify new exploration targets, develop cutting-edge technologies and to
strategically invest in mineral exploration companies. Our leading team of expert scientist’s merge
geoscience and data science to deliver bespoke solutions that save time, reduce costs and produce far
more accurate results than ever before possible.
For further information please contact:
Vincent Dubé-Bourgeois
Chief Executive Officer
GoldSpot Discoveries Corp.
Tel: 647-992-9837
Email: [email protected]
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East
located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-
class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade
in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill
program is underway to expand the size of the deposit with an update to the resource estimate scheduled
for the first quarter of 2022.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101
resource estimate that contained 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 Castle East Robinson Zone, beginning at a vertical depth of approximately
400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic
viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate.
Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East,
Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13,
2020.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong
exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned
Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich
gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary
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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. More information at www.canadasilvercobaltworks.com.
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, Contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
Neither the TSX Venture Exchange nor its Regulation Services 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 which include, but are not limited to, comments that involve future events and conditions, which are subject to
various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming
work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are
forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially
from those statements. General business conditions are factors that could cause actual results to vary materially from forward-
looking statements.