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Canada Silver Cobalt (TSXV:CCW) begins commissioning secondary crushing circuit

Mining
TSXV:CCW
16 August 2021 14:30 (EDT)

Canada Silver Cobalt Works Inc. (CCW) will begin commissioning the secondary crushing circuit at its TTL bulk processing facility located in Cobalt, Ontario.

” We are now able to proceed with commissioning and optimization. This puts the company in an excellent position to proceed with its plans to produce concentrates and silver dore bars in a fast-track development model,” commented Frank J. Basa, P.Eng.

Canada Silver Cobalt recently acquired the TTL assay laboratory and bulk sampling/processing facility, which was a government-run facility for several decades serving many of the area’s silver mining companies.

The facility is a complete high-grade processing plant that can take mineralized material from the mine to produce high-grade concentrates and dore bars. The processing facility is closed-loop and does not produce any waste by-products.

All slags and mineral rejects are further reprocessed offsite for residual metal recovery. The facility can process and pour over 1 million ounces of silver into dore bars on an annual basis.

It has also engaged a contract lab operator to operate the assay lab independently of the company. At the same time, it has proceeded in the other part of the facility to upgrade the bulk processing equipment and bullion furnace.

The secondary crushing and screening circuit has been rebuilt with a processing capacity rated at 18-20 tonnes per hour. In addition, the bullion furnace has been relined and has been used to pour the first silver dore bars in the Cobalt Camp from the high-grade silver waste pile rejects at the Castle Mine.

The bulk processing facility will be used initially to produce concentrates for the Re-2Ox pilot plant and to pour final silver dore bars from the mineralized material that will be recovered from the former underground Castle Mine and from the potential ramp at the Castle East Robinson Zone where a 60 thousand-meter drill program is currently underway.

For the commissioning, the company plans to use the mineralized material it expects to receive from the nearby Granada Gold Mine.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100 percent-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario.

In May 2020, based on a small initial drill program, the company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters.

Canada Silver Cobalt Works Inc. (CCW) is up 4.67 per cent and is trading at C$0.33 at 2:05 pm PT.

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