Canada Silver Grants Options
Canada Silver Grants Options
COQUITLAM, BC
,
Feb. 10, 2021
/CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Silver Cobalt") announces it has granted
stock options to certain directors and consultants of the Company to purchase an aggregate of
250,000 common shares in the capital of the Company. The stock options are exercisable for a term
of two years at an exercise price of
$0.50
per share. All stock options are granted in accordance
with the terms of the Company's Stock Option Plan and the policies of the TSX Venture Exchange
and will be subject to a hold period of four months and one day from the date of grant.
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. 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/February2021/10/c2124.html
%SEDAR: 00022378E
For further information:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
CO: Canada Silver Cobalt Works Inc.
CNW 11:45e 10-FEB-21