- Canada Silver Cobalt Works (CCW) has begun the first stage stripping from its Castle Mine in Gowganda, Ontario
- The company has received permits for both drilling and outcrop stripping allowing for further exploration at Castle East
- The aim is to explore and identify any surface expressions on each of the distinct shallow silver and gold mineralization
- Canada Silver Cobalt Works Inc. (CCW) opened trading at $0.065
Canada Silver Cobalt Works (CCW) has begun the first stage stripping from its Castle Mine in Gowganda, Ontario.
The company has received permits for both drilling and outcrop stripping allowing for further exploration at Castle East.
The aim is to explore and identify any surface expressions on each of the distinct shallow silver and gold mineralization. The two primary, near-surface intercepts that will be followed up on are 4,710 g/t silver over 0.53 metre from 64.99 to 65.52 metres in hole CS-22-115, and 24.95 g/t gold over 0.30 metre from 49.70 to 50.00 metres in hole CS-20-31.
|
Hole ID |
From (m) |
To (m) |
Length (m) |
Au gpt |
|
CS-18-16W |
315.97 |
316.34 |
0.37 |
3.26 |
|
CS-19-19 |
298.00 |
299.00 |
1.00 |
15.20 |
|
CS-20-25 |
315.00 |
316.00 |
1.00 |
5.00 |
|
CS-22-108 |
276.00 |
277.00 |
1.00 |
2.94 |
The company’s President and COO, Matthew Halliday P.Geo. commented that stripping and trenching have historically been very important in the Cobalt Mining camp.
“We are getting back to the basics to see what is under the overburden at Castle East, to follow up on distinct, shallow gold and silver intercepts in the planned stripping zone. We are motivated to see if there is a surface expression. We are also excited to follow up on the previously identified gold zone on the property.”
CCW’s CEO, Frank J. Basa, P.Eng. added that the bulk of the 500 million-plus ounces of silver recovered in the Cobalt camp has been from surface vein discoveries found by stripping which developed into more than 100 high-grade silver mines with cobalt and nickel credits.
“With our recent success in drilling grades of up to 80,000 grams per tonne silver in our completed 60,000-meter drill program, a good follow-up would be to see if the mineralized structures come to surface which has been the norm.”
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) opened trading at $0.065.
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