CSR Signs MOU for Processing of Material from Granada Gold Mine
CSR Signs MOU for Processing of Material from Granada Gold Mine
COQUITLAM, BC
,
Sept. 8, 2017
/CNW/ - Castle Silver Resources Inc. (TSX.V: CSR, OTC: TAKRF,
FRANKFURT
: 4T9B) (the "Company" or "CSR") is pleased to
announce that it has signed a Memorandum of Understanding ("MOU") with Granada Gold Mine ("Granada Gold") for the consideration of the processing of
mineralized material from the
Granada
mine over the next three years just across the border in northern Ontario.
As part of the MOU, CSR is undertaking a study to install a 600 tonne per day gravity flotation plant at one of its two properties where mills have operated in the
past. Potential synergies exist in terms of processing
Granada
material while also advancing CSR's overall objectives in the burgeoning northern Ontario Cobalt
Camp as outlined in earlier news releases.
CSR and Granada Gold share common directors and Qualified Persons.
Qualified Person
Claude Duplessis
, P. Eng., of Goldminds Geoservices Inc., a geological, environmental and mining consultant, is an independent qualified person in accordance
with National Instrument 43-101, and has reviewed and approved the contents of this news release.
About Castle Silver Resources Inc.
Castle Silver Resources Inc. (formerly Takara Resources Inc.) is a TSX Venture-listed junior natural resource company focusing on the exploration and
development of former silver and cobalt mine properties in northern
Ontario
including the Castle Silver mine near
Gowganda
and the Beaver and Violet mines near
Cobalt. Additional information on the Company's properties is available by visiting its website at
www.CastleSilverResources.com
.
"Frank J. Basa"
Frank J. Basa P. Eng
.
President and 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
Castle Silver Resources Inc.
View original content: http://www.newswire.ca/en/releases/archive/September2017/08/c3410.html
%SEDAR: 00022378E
For further information:
Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144, or Wayne Cheveldayoff, Investor Relations,
[email protected], 416-710-2410
CO: Castle Silver Resources Inc.
CNW 18:34e 08-SEP-17