Canada Silver Cobal T Receives Permits to Follow up ON Near- Surface 4,710 G/T Silver and 24.95 G/T GOLD Intersections
CANADA SILVER COBAL T RECEIVES PERMITS TO FOLLOW UP ON NEAR-
SURFACE 4,710 G/T SILVER AND 24.95 G/T GOLD INTERSECTIONS
Coquitlam, BC, March 6, 2023 – Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the “Company” or “Canada Silver Cobalt”) has received new permits to allow follow-up drilling and
outcrop stripping on the shallow gold and silver mineralization at Castle East.
The Company has received permits for both drilling and outcrop stripping allowing for further exploration
at Castle East. The aim is to explore and identify any surface expressions of both the shallow silver and gold
mineralization. The two primary, near-surface intercepts that will be followed up on are 4,710 g/t silver
over 0.53m from 64.99 to 65.52m in hole CS-22-115, and 24.95 g/t gold over 0.30m from 49.70 to 50.00m in
hole CS-20-31 (See news releases November 14, 2022, and January 17, 2023 respectively).
The Company aims to ascertain any relationship between the near-surface gold and silver mineralization, as
well as learn valuable information about the Archean lithologies in the southern part of the property. The
technical team will plan the exploratory stripping based on projected 3D models of the veins created from
the 2020-2022 drill program. Stripping is planned to determine whether the veins continue to surface. If so,
the Company will complete channel sampling across the structures to identify the quantity of mineralization.
In addition, any further drilling will explore the structures along strike to determine their continuity.
Depending on the success of the short program, infill drilling between known structures to the north
(Robinson Vein and Big Silver) and these shallow intercepts will be considered. The Company aims to
complete the field component mid to late summer 2023.
“We are excited the explore these near-surface intercepts, we think they will be a very important factor in
the long-term development at Castle East. The shallow structures are much closer to the conceptual portal,
which could have larger implications for future bulk sampling compared to the much deeper Big Silver and
Robinson Zone veins,” comments Matthew Halliday P.Geo., President and COO.
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Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.Com
Page 2 of 3
Figure 1: Locations of the near surface mineralization and planned follow-up work
Link to recent news releases
https://www.canadasilvercobaltworks.com/news/category/2023
Link to updated corporate presentation
https://www.canadasilvercobaltworks.com/Presentation.pdf
Qualified Person
This news release has been reviewed and approved by Matthew Halliday P.Geo., President of Canada Silver
Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101 standards.
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.
Page 3 of 3
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. (3) lithium property – 230 square kilometers of greenfield exploration ground
focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario
contiguous to Power Metals’ Case Lake Lithium properties.
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.
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.