- Canada Silver Cobalt Works (CCW) has begun diamond drilling at the Eby-Otto gold property near Kirkland Lake, Ontario
- The planned 2,000-2,500-metre drill program is being conducted by Laframboise Drill Inc. and is part of the company’s phase II exploration activity at Eby-Otto
- The second phase of exploration will be based on the results from the first phase and will expand to include a ground 3D IP/EM survey on the entire claim package, while the drill program will be completed to intercept targeted areas of strong potential
- Canada Silver Cobalt Works Inc. (CCW) is unchanged, trading at $0.09 per share as of noon ET
Canada Silver Cobalt Works (CCW) has begun diamond drilling at the Eby-Otto gold property near Kirkland Lake, Ontario.
The planned 2,000-2,500-metre drill program is being conducted by Laframboise Drill Inc. and is part of the company’s phase II exploration activity at Eby-Otto.
This initial drilling includes the following targets:
- Regional fault structures such as the Cadillac-Larder Lake Break and/or Eby-Otto Fault
- Regional mapped alteration zones and areas of increased sulphides
- Mapped surface veins with anomalous gold mineralization
- Areas with high potential
Three exploration phases are planned at the property:
- The first phase consisted of an initial site assessment to determine the logistics of future operations and to allow time to receive any pending surface exploration work permits that will be necessary
- The second phase of exploration will be based on the results from the first phase and will expand to include a ground 3D IP/EM survey on the entire claim package, while the drill program will be completed to intercept targeted areas of strong potential
- The third phase will expand on the drilling and field work from the second phase, combined with the IP/EM ground survey, and will cross reference anomalies, along with information gathered from the first two phases with known mineralization that has been identified via field work to better refine the targets
The third phase is estimated to begin in January 2023.
The company’s President and COO, Matthew Halliday, P.Geo, said Eby-Otto is a very promising land package close to a producing mine with outcropping mineralized veins already identified.
“Our geological team has done a good amount of work there already this year with channel samples taken at key outcrop locations and sent to the lab for analysis (assays pending). We are looking forward to the results of both the channel sampling and the drilling.”
Canada Silver Cobalt Works is a Canadian mining company engaged in the activities such as the acquisition, evaluation, exploration, and development of mineral properties.
Canada Silver Cobalt Works Inc. (CCW) is unchanged, trading at $0.09 per share as of noon ET.
