CANADA SILVER COBAL T REPORTS POSITIVE BATTERY MET ALS ASSAY RESUL TS FROM ITS MASSIVE SULPHIDE DISCOVERY AT GRAAL IN NORTHERN QUEBEC Assay results confirm the existence of strong nickel, copper and cobalt mineralization in
CANADA SILVER COBAL T REPORTS POSITIVE BATTERY MET ALS ASSAY RESUL TS
FROM ITS MASSIVE SULPHIDE DISCOVERY AT GRAAL IN NORTHERN QUEBEC
Assay results confirm the existence of strong nickel, copper and cobalt mineralization in
addition to discovering low grade platinum and palladium.
Coquitlam, BC, March 3, 2022 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B)
(the "Company" or "Canada Silver Cobalt") is pleased to announce it has received positive assay results
including intercepts up to 2.08% nickel and 3.75% copper from the first three diamond drill holes that
intercepted massive sulphides at its Graal property in the Lac St-Jean region of Quebec.
Highlights:
The assay results (see table below) verify the existence of nickel and copper that was identified using
a handheld XRF device during the core logging process (See November 24, 2021 news release).
The elemental data suggests the pyrrhotite is nickel bearing and shows the existence of PGM elements
including platinum and palladium.
There are assays pending from another 18 drill holes.
Massive sulphides were intercepted in 20 of 21 drill holes with 7,772.3 meters drilled to date.
Another 1,700 meters of drilling is planned at Graal along with borehole EM geophysics to quantify
potential thickness around the sulphide intersections and a ground EM survey (SQUID) to identify
conductive zones to create high-value targets at depth (See news release January 31, 2022).
Matt Halliday, P.Geo., President, COO and VP Exploration stated: “Graal has been an exciting property for
our geological team from the time we hit massive sulphides in the first few holes. As we drilled more holes,
we discovered even wider intervals of sulphides. We're very much looking forward to the assays from the
remaining 18 holes that are still not reported and continuing with exploration at this deposit. With Graal
and the other prospective properties we have in Quebec and Ontario, the Company is well positioned for
the continued discovery of battery metals, and when combined with our 'green' Re-2Ox extraction process,
to be a fully integrated, environmentally compliant supplier of critical metals and value-added battery
metals to the North American market.”
Table 1: Drill core assay results
DDH From To Length (m) Ni (%) Cu (%) Co (%) Pt (g/t) Pd (g/t)
NRC-21-02 155.00 171.00 16.00 0.10 0.70 0.01 0.01 0.01
Including 155.70 160.70 5.00 0.29 0.18 0.03 0.01 0.01
NRC-21-03 138.30 144.00 5.70 0.84 0.59 0.09 0.03 0.03
Including 138.30 142.40 4.10 1.15 0.27 0.12 0.04 0.04
Including 143.40 144.00 0.60 0.10 3.75 0.02 0.00 0.00
NRC-21-04 136.40 136.90 0.50 2.08 0.88 0.03 0.41 0.22
Please note: Intervals represent single assays and are core length with no capping applied.
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.Com
Page 2 of 4
The 6,113-hectare Graal property is one of 14 properties recently acquired in northern Quebec covering
31,201 hectares that are prospective for EV battery metals such as nickel, copper, and cobalt. (See February
16, April 21, July 22, November 15, 2021 and January 31, 2022 news releases). The drill program is currently
being managed by Laurentia Exploration in association with GoldMinds Geoservices Inc.
Figure 1: Map of Property, Claims, Drill Holes, and Sulphide Intercept Locations.
Page 3 of 4
QA/QC
The core samples were sent to ALS labs located in Val d’Or for sample preparation and will be forwarded to a
separate lab for a four-acid digest multi-element suite including nickel and copper as well as a fire assay for
platinum and palladium. Blank and standards were included in the sample batch and their values allows the
public disclosure of the assay results.
Qualified person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds
Geoservices Inc., a member of the Québec Order of Engineers, and is a qualified person in accordance with the
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. 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 Q1 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.
The Company also has 14 battery metals properties in Northern Quebec where it is currently drilling and
the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near
Kirkland Lake, Ontario where it will be 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 on site, 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 4 of 4
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
This news release may contain forward-looking statements which include, but are not limited to, comments regarding the
Offering and comments that involve other future events and conditions, which are subject to various risks and
uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming
work programs, geological interpretations, receipt and security of mineral property titles, future financings, 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. No assurance can be given that the Offering will close on the
terms and conditions set out in this news release or at all. 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.