- Canada Silver Cobalt (CCW) announced new assay results from its drill program at Castle East
- Results include intercepts up to 3,680.00 g/t silver over 1.01 metre and 1.34 per cent cobalt over 0.47 metres
- There are minor amounts of gold mineralization in these silver-cobalt systems
- Canada Silver Cobalt (CCW) is unchanged, trading at $0.09 per share as of 3:50 pm ET
Canada Silver Cobalt (CCW) announced new assay results from its drill program at Castle East.
Results include intercepts up to 3,680.00 g/t silver over 1.01 metres and 1.34 per cent cobalt over 0.47 metres.
Assay Result Highlights
|
Hole ID |
From |
To |
Length |
Au g/t |
Ag g/t |
Co per cent |
|
CS-21-78 |
279.20 |
280.06 |
0.86 |
0.25 |
11.50 |
0.44 |
|
CS-21-78 |
280.06 |
280.77 |
0.71 |
0.26 |
26.10 |
0.39 |
|
CS-21-78 |
489.42 |
490.38 |
0.96 |
0.04 |
15.90 |
0.43 |
|
CS-21-78 |
490.38 |
490.85 |
0.47 |
0.03 |
1,080.00 |
1.34 |
|
CS-21-81 |
482.33 |
483.34 |
1.01 |
<0.01 |
3,680.00 |
<0.01 |
Hole CS-21-78 was drilled, targeting the 50 West Zone. The high-grade silver and cobalt assays from 489.42 metres to 490.85 metres in hole CS-21-78 are located 15 metres away from the intercept in hole CS-21-50 which was 2,208 g/t silver over 0.45 metres. The intercepts from 279.20 metres to 280.77 metres are located 190 metres above the intercept in hole CS-21-50. They are cobalt-rich but have minor amounts of gold mineralization. Hole CS-21-81 was planned as another follow-up hole to the high-grade intercepts in the 61 Zone, and the intercept is located 45 metres away from the high-grade intercept in hole CS-21-61 of 30,416 g/t silver over 0.42 of a metre.
The company’s President and COO, Matthew Halliday, P.Geo, said these drill results further confirm continuity on the 61 Zone but also expand the 50 West Zone and provide a much shallower intercept above known mineralization.
“These shallow hits in CS-21-78 also confirm that there are minor amounts of gold mineralization in these silver-cobalt systems.”
Canada Silver Cobalt Works is developing a silver vein system at its flagship Castle Property in Ontario.
Canada Silver Cobalt (CCW) is unchanged, trading at $0.09 per share as of 3:50 pm ET.
