High-grade Beaver Mine Tailings Drill Program Returns 79.0 G/t Average Silver Grade
High-grade Beaver Mine Tailings Drill Program
Returns 79.0 G/t Average Silver Grade
COQUITLAM, BC
,
Feb. 5, 2021
/CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce high-
grade silver assay results from a recently completed sonic drill program at the Beaver Mine. In
addition to the high-grade silver veins being documented at the Castle's Robinson Zone, CCW hosts
some of the richest tailings in the Cobalt Camp on both the Beaver and Castle properties, The
Company is continuing to address all requirements to advance and develop these projects.
Highlights
High-grade silver assays from 314.0 to 13.7 grams per tonne
Completed 127 sonic drill holes for 354 meters drilled
378 samples assayed for silver, cobalt, nickel and copper
Results table
Ag (g/tonne)
Co (ppm)
Cu (ppm)
Ni (ppm)
Average
79.0
165.8
341.9
114.1
Range
300.3
615
676
191
Minimum
13.7
24
78
34
Maximum
314
639
754
225
Count
378
378
378
378
Canada Silver Cobalt President,
Matt Halliday
, P.Geo., stated, "the Beaver Mine has some of the
highest silver grade stamp mill tailings in the Cobalt Camp. Planning is in place to begin sonic drilling
at the Castle Mine tailings this year. These historic mine properties can provide a readily available
source of mineralized tailings for processing to recover the silver and cobalt."
GoldMinds Geoservices has been retained to conduct all work related to the development of the 43-
101 resource estimate at the Beaver Mine and has already been on site and begun the planning
process. GoldMinds is led by geological engineer
Claude Duplessis
, P.Eng. and his 33 years global
experience including resource estimation, orebody modelling, resource audits and geotechnical
studies.
Silver Grade Distribution Map
Silver Grade Distribution Map (CNW Group/Canada Silver Cobalt Works Inc.)
Location
The Beaver property is patented ground and is located 5 kilometers southeast of the town of Cobalt
where Temiskaming Testing Labs (TTL) is located. The Castle Silver Cobalt property is roughly two
hours away driving time.
The Castle Property is located 15 km east of
Caldas Gold'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.
Quality Assurance/Quality Control
The Beaver tailings were sampled using a Sonic drill. The drill holes are all vertical with a maximum
hole length of
4.78 m
and a maximum sample length of
1.6 m
(average individual sample length
0.8
m
). Drill sample recovery is around 85%. Two quality control samples (blank and standards) were
inserted into each batch of 20 samples. The tailings samples were placed in a plastic bag, tagged
and sealed then shipped to ALS laboratory
Val D'Or
. The entire sample was dried, weighed and fully
pulverized up to 250 g 85% <75 µm. Samples were then split using riffle splitter and 35 elements
were analysed using Aqua Regia ICP-AES. Samples grading above 100 g/t Ag, 10,000 ppm Cu,
10,000 ppm Mo, 10,000 ppm Pb or 10,000 ppm Zn were reanalysed using OG46 Method. A total
of 10 blank and 10 standards (
STD 1
and
STD 2
) were used during the sampling program.
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.
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.
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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 07:30e 05-FEB-21