Canada Silver Cobalt Expands Robinson Zone by 500 Percent, Intersects New High-Grade Vein
Canada Silver Cobalt Expands Robinson Zone
by 500 Percent, Intersects New High-Grade
Vein
COQUITLAM, BC
,
Sept. 30, 2020
/CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce a
major reinterpretation of the past-producing Gowganda Silver Camp, 75 kilometers southwest of
Kirkland Lake
, and vast expansion to the mineralized Robinson Zone at Castle East with just the first
9,000 metres in Phase 1 of the 50,000-metre drill program in this exciting high-grade grassroots
silver discovery.
Highlights:
3,452 g/t silver over 0.4 metres downhole in hole CS-20-28 intersected 75 metres above
Robinson Zone original intersection in an all-new vein
Targeted exploration area significantly enlarged up to 135 metres East-West, up to 100 metres
North-South and up to 256 metres vertically – resulting in a 500% increase in known mineralized
area
At least 4 new mineralized veins identified in the first 9,000 metres of 50,000 metre drill
program
Strategic drilling has opened up at least 3 new veins – including 3,452 g/t silver over 0.4 metres (true
width unknown) downhole – an all-new vein intersected in hole CS-20-28, 75 metres above Robinson
Zone original intersection - at a depth of 347 metres. Additionally, the Company is very encouraged
with the intersection of multiple, large carbonate veins at depth, conveying a strong plumbing
network to the Robinson Zone and Castle East. These additional veins contain sufficient silver
mineralization to justify further targeting them in search of potential high-grade mineralized panels.
Mineralization is being added to the east-west lateral extent of the Zone along with new veins to the
north and the south. The deposit model is continually updated to extract new and valuable structural
and geochemical information.
Due to the early and significant successful progress to date - Canada Silver Cobalt Works has
completed 18% of the initial, proposed 50,000-metre drill program – the Company is already
considering expanding the program to follow up on the newly identified mineralized veins as well as
to further expand the potential exploration horizon. There are currently 2 drill rigs on site drilling
round the clock. The Company is redefining historic assumptions about silver exploration in the
Gowganda Camp.
The uppermost mineralized vein intercept in hole CS-20-31 (assays pending) occurs less than 10
metres below the upper contact, at a vertical depth of 336 metres and the original high-grade vein
intersection in hole CA-1108 grading 40,944 g/t silver (1,194 oz/ton) over a core length of 0.45
metres with a true width of approximately 7cm (refer to
August 25, 2011
, Gold Bullion Development
news release) at a vertical depth of approximately 430 metres. Another deep mineralized vein was
intersected in CS-20-22W3 (assays pending), the deepest one to date, at 592 metres vertical
depth.With these recent new mineralized vein discoveries, the vertical extent of significant silver
mineralization has now reached 256 metres.
Notably, vein intersections at Castle East exist in both the upper and lower parts of the
Nipissing
diabase sill, near the contact with the Archean volcanics, greatly enhancing the deposit potential of
the area with implications for the broader Camp where historic production was predominantly within
the upper half of the diabase sill. CCW now has a greater opportunity to expand the Robinson Zone
since the potential mineralized horizon is much larger than originally believed.
Matt Halliday
, P.Geo., VP-Exploration, commented: "We are excited about the drill program; we
initiated a large-scale drill program and we are realizing the results. We have moved from a single
vein at the Robinson to at least 4 mineralized veins, greatly expanding the potential for new high-
grade panels. We have expanded the traditional mineralized horizon. It has been noted in literature
that the upper third to upper half of the diabase sill is the mineralized horizon - it is now our belief
that the entire diabase sill has the potential to be mineralized."
Property Map
Visit the Canada Cobalt website at
https://canadasilvercobaltworks.com/
for an updated Castle
Property Map, or click on the following link:
https://canadasilvercobaltworks.com/projects/maps/
Location
The Castle Property is 15 km east of Pan American Silver'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.
Quality Assurance/Quality Control
Samples were collected using a 0.3-meter minimum length, one-meter maximum length. Drill core
recovery averaged 95%. Two quality control samples (blank and standards) were inserted into each
batch of 20 samples. The drill core was sawn with one half of the sawn core placed in a plastic bag
with the sample tag and sealed, while the second half was returned to the core box for storage on
site. For the high-grade intercepts, only one-quarter of the core has been sent for assaying to
Swastika Laboratories in
Swastika, Ontario
. Where silver was visually and significantly present, a
pulp-metallic analysis was requested for the silver and gold assays where the entire sample is dried,
weighed and crushed over 95% then fully pulverized and passed through 200-mesh screen to create
a plus 200-mesh fraction (metallics) and a minus 200-mesh fraction (pulp). The minus 200-mesh
fraction (fines) was run using geochemical analysis with AA finish for Ag, Au, Cu, Ni, and Co. The
entire +200 mesh (coarse) fraction was analyzed using gravimetric processes (fire assay) for both
Ag and Au to provide a weighted average assay for the entire sample. Swastika Laboratories is an
ISO/IEC 17025:2005 certified lab independent of Canada Cobalt.
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.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater
Cobalt Camp. In May 2020. 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 Robinson Zone beginning at a vertical depth of
approximately 400 meters. The discovery remains open in all directions (1A and
1B
are
approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are
not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt
Works Press Release
May 28, 2020
).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong
exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing
Gowganda
high-grade Silver District of
Northern Ontario
. With underground access at Castle, 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.
"Frank J. Basa"
Frank J. Basa
, P. Eng.
Chief Executive Officer
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. This news release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such statements.
SOURCE
Canada Silver Cobalt Works Inc.
View original content:
http://www.newswire.ca/en/releases/archive/September2020/30/c5338.html
%SEDAR: 00022378E
For further information:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
CO: Canada Silver Cobalt Works Inc.
CNW 07:30e 30-SEP-20