CANADA SILVER COBAL T INTERSECTS 4,710 G/T SILVER OVER 0.53 METERS APPROXIMATL Y 50 METERS BELOW SURFACE The assay results are a further update from the 60,000m drill program completed earlier this year.
CANADA SILVER COBAL T INTERSECTS 4,710 G/T SILVER OVER 0.53 METERS
APPROXIMATL Y 50 METERS BELOW SURFACE
The assay results are a further update from the 60,000m drill program completed
earlier this year.
Coquitlam, BC, November 14, 2022 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt") announces additional assay results from its 60,000m drill
program at Castle East completed earlier this year including intercepts up to 4,710.00 g/t silver over 0.53m
and 3,020.00 g/t silver over 0.67 meters.
Details of the drill core assays, which were received recently after delays in core logging and at the assay lab,
are shown in the table below.
Assay Result Highlights
HOLE ID FROM TO Length Ag g/t Co %
CS-21-84 501.00 501.67 0.67 3,020.00 < 0.01
CS-22-115 64.99 65.52 0.53 4,710.00 0.03
Note: The assay results are core length with no capping applied. Assay results that are reported as significant are >1000
g/t silver and >0.10% cobalt. G/t refers to grams per tonne.
“These drill results at Castle East are, once again, excellent news. Previous releases announced increased
continuity on the Big Silver, 61, and 50 Zones (see news release October 31, 2022 and November 7, 2022).
These two hits once again add more critical information and further expand our deposit at Castle East to the
south and also closer to surface,” said Matthew Halliday, P.Geo., President and COO.
Hole CS-21-84 was targeting the area between the Big Silver and Robinson Zones. The high-grade silver vein
was intercepted at 501.37m, and is located approximately 50m north-west and 30m above (in elevation) from
the intercept in hole CS-20-39 which had 89,853.00 g/t silver over 0.30m (see news release January 29, 2021).
It is also located approximately 60m above the intercept in the discovery hole CA-11-08 which had 40,944 g/t
silver over 0.45m (refer to August 25, 2011 Gold Bullion Development news release).
The hole CS-21-115 was targeting a 3D-modelled alteration zone as well as following up the visible gold
discovered in hole CS-20-31 that had 24.95 g/t gold over 0.30m (see news release December 17, 2020). The
hole intercepted a vein at 65.23m, and is located approximately 280m south of the discovery hole CA-11-08.
The high-grade silver vein is approximately 50m below the surface and is therefore the closest vein to surface
the Company has drilled on the property to date. The intercept suggests there may be an association with gold
and silver in the Archean lithologies outside of the Nipissing Diabase intrusion. The relationship between the
gold and silver at these shallow depths requires further investigation since it is unclear whether this is the
same system or if it is occurring as sequential pulses of mineralized fluid.
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.com
Page 2 of 3
QA/QC
The core samples were cut in two with a rock saw. One half was sent to the assay lab and the other half was
retained as witness core. Blanks and certified reference material (standards) were inserted into the
sampling sequence such that they represent no less than 10% of the total samples. The results of the blanks
and standards are within expected values allowing public disclosure of the assays.
Qualified person
The technical information in this news release was approved and prepared under the supervision of Mr.
Matthew Halliday, P.Geo., (PGO), President and COO of Canada Silver Cobalt Works Inc., a qualified person
accordance with National Instrument 43-101.
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. The Company has completed a 60,000m drill
program aimed at expanding the size of the deposit with an update to the resource estimate underway.
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.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently
completed a nearly 15,000-metre drill program on the Graal property; and (2) the prospective 1,000-
hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake,
Ontario where it is exploring.
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, 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. More information at www.canadasilvercobaltworks.com
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
Page 3 of 3
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.
Caution Regarding Forward-Looking Statements
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. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the
Company’s Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the
Company’s profile on SEDAR at www.sedar.com.