- Canada Silver Cobalt Works Inc. (CCW) has entered Phase 1 of its 2022 exploration plan for the Eby-Otto gold property
- The company started the exploration after its recently completed drone magnetic geophysical survey of the property
- Following the survey, the Canada Silver outlined the three exploration phases that will take place at the property
- The company now has option agreements on contiguous properties covering 1,000 ha at Eby-Otto and the area
- Canada Silver Cobalt Works is a Canadian mining company engaged in the activities such as acquisition, evaluation, exploration and development of mineral properties
- Shares of Canada Silver Cobalt Works Inc. were down 5.9 per cent trading at $0.16 at 2:06 PM ET
Canada Silver Cobalt Works Inc. (CCW) has entered Phase 1 of its 2022 exploration plan for the Eby-Otto gold property.
The company started the exploration after its recently completed drone magnetic geophysical survey of the property.
Following the survey, the Canada Silver outlined the three exploration phases that will take place at the property.
Phase 1 will consist of an initial site assessment to determine the logistics of future operations and will provide the company time to receive any pending surface exploration work permits that will be necessary.
Phase 2 will be based on the results from Phase 1 and will expand to include diamond drilling to intercept specific regional structures based on the initial geophysical data provided by the drone magnetic survey.
The last and third phase of exploration will expand on the drilling and field work outlined in Phase 2. Once the 3D inversion of the drone mag survey is received and the data has been interpreted, the technical team will correlate this data with known mineralization that has been identified via field work to better refine the targets, and adjust the exploration accordingly.
The company now has option agreements on contiguous properties covering 1,000 ha at Eby-Otto and the area, importantly, includes approximately 5km of strike length along the Eby-Otto Fault and along a major alteration trend (OGS OFR 6184).
The property is within the Kirkland Lake gold district in northeastern Ontario and is located within 5km of Agnico-Eagle’s producing, high-grade Macassa Gold Mine.
“Our geological team is excited to get boots on the ground at Eby-Otto,” said Matthew Halliday, P.Geo., President of Canada Silver Cobalt Works.
“With the recent drone-borne magnetic survey just completed, we will assimilate this information with known data and put our existing and pending exploration permits to use.”
Canada Silver Cobalt Works is a Canadian mining company engaged in the activities such as acquisition, evaluation, exploration and development of mineral properties.
Shares of Canada Silver Cobalt Works Inc. were down 5.9 per cent trading at $0.16 at 2:06 PM ET.