Canada Silver Cobalt Files NI 43-101 Technical Report Update for Castle East
Canada Silver Cobalt Files NI 43-101 Technical
Report Update for Castle East
COQUITLAM, BC
,
June 9, 2021
/CNW/ -
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to report that it
has filed a technical report update on SEDAR. The technical report update was prepared in
accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-
101").
The Castle East property is 100% owned by Canada Silver Cobalt Works. After the last mineral
resource estimate (press release of
May 28, 2020
) the Company initiated an intense surface drilling
program at Castle East zone from
May 2020
through to
April 30, 2021
totaling at
29,966.53m
. A
mineral resource update should follow once the drilling campaign is completed with all assays
received and interpreted. The current mineral resource estimate (press release of
May 28, 2020
) is
still valid.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr.
Merouane
Rachidi
, Ph.D., P.Geo., (PGO, OGQ and AIPG) of GoldMinds Geoservices, an independent
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 were identified. The discovery remains open in all directions (1A and
1B
are
approximately 800 meters from the 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. 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
).
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/June2021/09/c8459.html
%SEDAR: 00022378E
For further information:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
CO: Canada Silver Cobalt Works Inc.
CNW 14:01e 09-JUN-21