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Canada Cobalt Works Inc.
Summary
| Project: | Castle | |
|---|---|---|
| Deposit: | Castle | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver-Gold | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2019: Canada Cobalt Works Inc. announces an Exploration/Drilling Update report for its Castle deposit at the Castle project. Drilling results incl. 5.51m @ 2620g/t Ag from 1.46m. COQUITLAM, BC, Feb. 19, 2019 /CNW/ - Canada Cobalt Works Inc. (TSXV: CC | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Frank Basa (Internal) | |
| ABSTRACT: | COQUITLAM, BC, Feb. 19, 2019 /CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that firstpass underground Phase 1 drilling on the first level of the Castle mine near Gowganda, 75 kilometers from Kirkland Lake, has returned multiple high-grade cobalt and silver intercepts at very shallow depths. Drill results have also revealed areas overlooked by historical explorers that show potential to host very high-grade "shoots" of silver and cobalt-silver mineralization, mixed with occasional nickel and gold, that may extend to considerable depths outside of historical drilling or workings. Jacques Monette, Canada Cobalt Director and career miner, commented: "These results from our first-ever underground drilling support the interpretation that much was left behind at the Castle mine, not just cobalt but very high-grade silver. This array of high-grade intercepts at shallow levels further energizes our team as we ramp up again and implement a greatly expanded second phase of our underground strategy. "2018 was a pivotal year in the revitalization of the Castle mine," Monette continued, "and we look forward to achieving key new milestones in the coming months. At the height of winter, we have a very active site and another drill program kicking off this week southeast of the mine as we build on a potential high-grade gold discovery at Castle East. This is an exciting new development as the Archean rocks east of the high-grade silver mines were never tested historically." | |
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