Canada Silver Cobalt Provides Update on the Advancement of the Robinson Zone Ramp Project
Canada Silver Cobalt Provides Update on the
Advancement of the Robinson Zone Ramp
Project
COQUITLAM, BC
,
Oct. 16, 2020
/CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce
significant ramp project advancement in environmental studies, site development, community
engagement, First Nations consultations, and exploration which will further de-risk the Robinson
Zone Project which is 100-percent owned by the Company, in the 78-square-kilometre Castle Silver
Mine property, in
Gowganda, Ontario, Canada
.
Highlights and updates:
Engaged an environmental consultant to begin a gap analysis at the Robinson Zone. The gap
analysis will develop a baseline study for ramp development. The company plans to setup drill
stations underground to further the exploration program. A bulk sample will be taken for
metallurgical testing.
Engaged a mining consultant to develop a scope of work for the upcoming engineering studies
to design the ramp. The necessary information has been forwarded to the mining consultant.
Retained SGS Lakefield to further develop the company's Re-2OX process. The metallurgical
program will consist of producing battery-grade cobalt and nickel sulfates with the recovery of
silver into dore bars.
Advanced the 2020-21 Robinson Zone 50,000-meter drill program in the fourth quarter with 20
percent completed to date and with appropriate COVID-19 protocols in place. Four new,
mineralized vein structure have been identified. The exploration target is enlarged up to 135
metres East-West, up to 100 metres North-South and up to 256 metres vertically.
Matt Halliday
, P.Geo., President, commented: "This is a pivotal moment for CCW. With the
continued success of the drill program, building a ramp to further de-risk the project is the next stage
in developing a robust resource. The company is adding to our technical team to execute the
exploration and development plans."
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.
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.
www.canadasilvercobaltworks.com
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.
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http://www.newswire.ca/en/releases/archive/October2020/16/c7400.html
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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 12:28e 16-OCT-20