Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) continues to expand its high-grade silver deposit at Castle East with excellent intercepts from the 17M and 50 West Zones in Ontario, Canada.
These drill results will be included in the planned major resource update expected by the end of Q1 2022.
Drilling Highlights:
- 17M Zone grades include 5,887.59 g/t silver and 0.17% cobalt over 0.53m in hole CS-21-54W1, as well as 811.06 g/t silver over 0.53m in hole CS-21-73. The vein in CS-21-54W1 belongs to one of the more dominant structures in the vein network that comprises the 17M Zone. The intercept is located roughly 23m to the north of the 17M Zone intercepts in CS-21-39, CS-21-39W2, and CS-21-39W4.
- 50 West Zone grades include 975.57 g/t silver over 0.72m and 852.23 g/t silver over 0.65m, both from hole CS-21-72. These intercepts are located approximately 150m from the intercept in discovery hole CS-21-50 that graded 2,208.00 g/t silver over 0.44m. Additional drilling is needed to confirm whether this is an extension to the 50 West or a new structure.
“Recent news releases have shown that our geological exploration team can continue to deliver at Castle East,” President and CEO, Matt Halliday, said.
“On January 10, we reported a 2,571 g/t silver intercept at our 61 Zone, on January 24 a 6,188 g/t silver intercept at the Big Silver Zone, and now we have intercepted 5,887 g/t silver within the 17M Zone.
“This is very exciting especially as we inch closer to our resource update expected by the end of Q1 2022. These new zones add significant value to the property and contribute to the attractiveness of the planned ramp and PEA.
“Our Gowganda assets are growing, and we are getting ready to discover more deposits on our broad property package.”
Ongoing drilling in the Castle East area has been geared toward expanding the existing resource panels outlined in the company’s maiden Resource Estimate reported in a news release May 28, 2020.
The resource estimate was the first ever in the Greater Cobalt Camp and identified zones 1A and 1B of the Robinson Zone with an average silver grade of 8,582 g/t (250 oz/ton) in a combined 27,400 tonnes of material for a total of 7.56 million Inferred ounces of silver using a cut-off grade of 258 g/t AgEq (mineral resources that are not mineral reserves do not have demonstrated economic viability).
Location
The Castle Property is located near the town of Gowganda and is located 80km W-NW of Temiskaming Shores, Ontario, Canada.
It is also 15 km east of Aris Gold Corp’s Juby Gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Agnico Eagle Mines’ Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
For further information please visit: https://canadasilvercobaltworks.com/
