Canada Silver Cobalt Hits High-Grade Silver at 89,853 g/t in Drill Core
Canada Silver Cobalt Hits High-Grade Silver at
89,853 g/t in Drill Core
COQUITLAM, BC
,
Jan. 29, 2021
/CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Silver Cobalt") is very pleased to announce
the receipt of assays from hole CS-20-39 at
89,853 grams per tonne silver
(2,621 ounces per ton)
over 0.3 metres from 557.46 to
557.76m
confirming the significant potential of discovering additional
high-grade silver at the Robinson Zone on the flagship Castle Silver property located near the town
of Cobalt in
Northern Ontario, Canada
.
Highlights
Highest grade silver to date at Robinson Zone: 89,853 g/t silver (2,621 ounces per ton). Vein is
from hole CS-20-39 at a downhole depth of 557.5 –
557.73m
with a true width of 5-7cm.
90 percent native silver in the coarse, metallic fraction,
894,813 g/t Ag (26,103 ounces per
ton)
New vein. Grades exceed those from wedge hole CS-19-08W2 released
January 10, 2020
(70,380 g/t silver (2,053 oz/T) over
0.3m
)
New high-grade silver vein in CS-20-39 with 5–7 cm true width, 60m from the main Robinson Vein.
(CNW Group/Canada Silver Cobalt Works Inc.)
New high-grade silver vein in CS-20-39 with 5–7 cm true width,
60m
from the main
Robinson
Vein
.
Canada Silver Cobalt President
Matt Halliday
, P.Geo. stated, "Bullion bar silver grade of 90% pure
silver in the metallics was recovered from the drill core within 60 metres from the main vein on the
Robinson Zone. This new vein system is being followed up with directional drilling (wedging) to
define extent of the mineralized structure."
Quality Control/Assurance
The drill program and sampling protocol are being managed by Canada Silver Cobalt Works
geologists. Samples were collected using a 0.3-meter minimum length, one-meter maximum length.
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. The sample was
rushed to SGS Canada Inc. at
Lakefield, Ontario
. Because 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 150-mesh
screen to create a plus 150-mesh fraction (metallics) and a minus 150-mesh fraction (pulp). The
minus 150-mesh (fine) fraction was run using geochemical analysis with ICP finish for multielement
scan including cobalt and base metals. The entire +150 mesh (coarse) fraction was analyzed using
gravimetric processes (fire assay) for Ag to provide a weighted average assay for the entire
sample. SGS Canada Inc. is an ISO 17025 certified lab independent of Canada Silver Cobalt
Works.
Location
The Castle Property is 15 km east of Caldas Gold Corp'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.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr.
Matthew
Halliday
, P.Geo., (APGO) President 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. 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.
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For further information:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
CO: Canada Silver Cobalt Works Inc.
CNW 12:48e 29-JAN-21