- Canada Silver Cobalt Works (CCW) has begun phase 2 of its exploration at the Eby-Otto gold property and has initiated a 3D IP resistivity geophysics survey
- Where the first phase consisted of an initial site assessment to determine the logistics of future operations, the second phase will take those results and expand to include a ground 3D IP resistivity survey on the entire claim package
- It will also include a 2,500 to 3,000-metre diamond program to intercept targeted areas of strong potential
- Canada Silver Cobalt Works Inc. (CCW) is down 5.26 per cent, trading at $0.09 per share as of 10:35 a.m. ET
Canada Silver Cobalt Works (CCW) has begun phase 2 of its exploration at the Eby-Otto gold property and has initiated a geophysics survey.
Where the first phase consisted of an initial site assessment to determine the logistics of future operations, the second phase will take those results and expand to include a ground 3D IP resistivity survey on the entire claim package.
It will also include a 2,500 to 3,000-metre diamond program to intercept targeted areas of strong potential. The targets will be based on the geophysical data provided by the drone magnetic survey, historic geological data, regional geophysics, geological mapping, and existing selective 2D electromagnetic surveys. This will help refine phase 3 in January 2023, where the team will correlate the information gathered from the first two phases with known mineralization that has been identified via fieldwork to better refine the targets and adjust the exploration accordingly. This data will complement the existing drone mag survey and further the exploration of the property.
The company’s President and COO, Matthew Halliday, P.Geo, called Eby-Otto a very promising land package close to a producing mine with outcropping mineralized veins already identified.
“Our team has completed the first season of outcrop stripping and exploration trenching. On key outcrop locations, channel samples were taken and sent to the lab for analysis (assays pending). Overall, Phase I provided us with good information about the property and our geological team is excited to be moving into Phase II. We are looking forward to seeing the results of the channel samples and beginning drilling this fall.”
The company has contracted Dias Geophysical to complete the 3D IP and resistivity geophysical survey on the property.
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 down 5.26 per cent, trading at $0.09 per share as of 10:35 a.m. ET.