Canada Silver Cobal T Provides Update ON Grassroots Exploration at Five Battery Met ALS Properties IN Quebec
CANADA SILVER COBAL T PROVIDES UPDATE ON GRASSROOTS
EXPLORATION AT FIVE BATTERY MET ALS PROPERTIES IN QUEBEC
Coquitlam, BC, August 29, 2022 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to provide an update on its initial exploration
work at five properties with EV battery metals potential in Québec.
Canada Silver Cobalt owns 14 battery metals properties in Quebec totalling 31,201 hectares.
The Company has begun grassroots exploration on four properties located on the North Shore (Côte-Nord) of
the St. Lawrence River: Grande Portage, LPM-LPMN, Boudrias (North and South) and B30 Shear. The technical
team used existing logging roads and ATV/walking trails, and activities included access reconnaissance,
prospecting favorable rock types, and using the Beep Mat to locate conductors. On select properties where
conductive rock was identified using the Beep Mat tool, channel samples were taken with a rock saw. The
team collected 35 samples which have been sent to a laboratory and assay results will be disclosed once
received and validated.
The Beep Mat is a robust exploration tool that enhances geological mapping and prospecting activities. It
detects magnetic and conductive bedrock underneath the location that it traverses. It provides real-time EM
and magnetic data that can be used to identify prospective outcrops that might not otherwise be visible if
covered with overburden.
The fifth property – Lowney-Lac Edouard – is located in central Quebec, East of La Tuque, and is where a
helicopter VTEM survey has been completed. The preliminary maps of the survey have been provided and the
Company is awaiting the final report from Geotech. Five anomalies are identified with the VTEM System B-
Field Z-data profiles map. The Company plans to follow-up the results of the geophysical survey once the data
has been reviewed.
“This has been quite an energetic year for Canada Silver Cobalt, filled with activities at five other battery metals
properties besides our flagship Graal property in Quebec and at the Castle silver-cobalt and Eby-Otto gold
properties in Ontario. We are proud of our technical team for accomplishing so much this year. We plan to
keep the momentum going and can’t wait to show you the results of our exploration work as we receive them
and our progress in other exciting developments for our Company,” stated Matthew Halliday, P.Geo., President
and Chief Operating Officer.
Table 1: Property information and type of work completed.
Property Size (ha) Type of Work Completed Target / Reason of Interest
Grand Portage 2196 Prospecting, sampling Ni-showing and magnetic anomaly
LPM-LPMN 388 Prospecting, sampling Bouguer anomaly
Boudrias (N & S) 942 Prospecting, sampling Ni-showing and magnetic anomaly
B30 Shear 721 Prospecting, sampling Ni-showing and magnetic anomaly
Lowney-Lac Edouard 6540 VTEM survey Bouguer anomaly
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.com
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Figure 1: Location of all CCW properties in Quebec. Green represents which properties were visited
in this phase of grassroots exploration.
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Figure 2: The Grand-Portage property map with field traverses.
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Figure 3: The LPM-LPMN property map with field traverses.
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Figure 4: The Boudrias North property map with field traverses.
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Figure 5: The Boudrias South property map with field traverses.
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Figure 6: The B30 Shear property map with field traverses.
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Qualified Person
The technical information in this news release was prepared under the supervision of Claude Duplessis P.Eng
of GoldMinds Geoservices, a qualified person in accordance with National Instrument 43-101, and reviewed
by Matthew Halliday, P.Geo., (PGO), President and COO 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 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 an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical
survey is being conducted at it Lowney-Lac Edouard 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
is exploring in 2022.
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
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.