Fifth New High-Grade Intersection At Robinson Zone
Canada Silver Cobalt Works Inc. (TSXV: CCW) has intersected a new, additional, high-grade silver vein within 60m of the Robinson Zone Discovery hole CA-1108. The Robinson Zone Project is 100% owned by the company, in the 78 sq. km Castle Silver Mine property, in Gowganda, Ontario, Canada.
Highlights:
- Visually, mineralisation in the new vein rivals the discovery intersection of hole CA-11-08 (40,944 g/t silver (1,194 oz/ton) over a core length of 0.45m and to additional intervals in hole CS-20-08W1 and CS-20-08W2 of 50,583.29 g/t ( 1,476 oz/ton) silver over 0.60m within 1.5m of 20,741 g/t (605 oz/ton) silver and 70,380 g/t (2,053 oz/ton) silver over 0.30m within a broader zone of 1.4m grading 20,136 g/t (587 oz/ton) silver respectively.
- The 18,000m drilled in the current 50,000m programme, represents only 36% of this phase of drilling. A total of 28 holes are completed, including eight wedge holes.
- This new intersection is 53m laterally east-southeast and 25m vertically above the original discovery hole (CA-11-08) and further expands the potential high-grade mineralization target area. This new, high-grade mineralized intercept is approximately 80 metres below the upper contact of the diabase sill which, in the Gowganda Camp, typically hosts the majority of the silver mined historically.
With four strongly mineralised veins identified and this additional new, high-grade vein, the potential of the Robinson Zone has significantly increased. Follow-up drilling is planned to expand the existing resource panels.
The new high-grade intersection is an entirely new vein. The intersection is located a mere 60 metres from the discovery intersection of hole CA-11-08 and is located approximately two km southeast of the Castle No. 3 mine, and within 2 km of two other past producers.
Notably, Hole CS-20-39 also intersected a 17m zone (downhole, from 502 to 519 m) with several narrow veins mineralized with both silver and cobalt-arsenides. Assays are pending for hole CS-20-39.
President, Matt Halliday, said this new vein and the design of the current drill program offers an excellent opportunity to conduct valuable downhole geophysics and based on the results of a pilot program, we will have a roadmap to focus more effectively on some of the targets we have identified at the Robinson zone.
“We are very pleased to be disclosing this new vein discovery. This is the type of stellar mineralisation we are looking for and to find it so close to the original Robinson vein is very encouraging,” Mr Halliday said.
“We continue to record sound geological information with the aim of strengthening our model and finding more mineralisation like this on the existing structures and to search out new ones.”
