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Canada Cobalt Works Inc.
Summary
| Project: | Castle | |
|---|---|---|
| Deposit: | Castle | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Cobalt-Nickel | |
| Date: | 1/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-1-2020: Canada Cobalt Works Inc. announces an Exploration/Drilling Update report for its Castle deposit at the Castle project. Drilling results incl. 0.6m @ 4970g/t Ag, 0.40% Co from 1.2m. COQUITLAM, BC, Jan. 3, 2020 /CNW/ - Canada Cobalt Works Inc. (TS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Merouane Rachidi (Internal) | |
| ABSTRACT: | COQUITLAM, BC, Jan. 3, 2020 /CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that initial assay results from multi-directional and very short underground drill holes on the western side of the Castle mine have revealed unexpected high-grade gold in addition to more high-grade cobalt, silver and nickel. This is now considered an emerging new discovery area open for considerable potential expansion with easily accessible mineralization from the first level near the adit entrance. With Canada Cobalt soon to be vertically integrated through its pending acquisition of the only facility in the Northern Ontario Silver-Cobalt district that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing, these latest results support the Company's enhanced strategic options to fully unlock the value of the 11-level Castle mine and very prospective material left in the stopes and adjacent to the mine as a result of historic production. Silver was the primary focus of previous operators who used a very high silver cut-off grade and bypassed cobalt-rich veins with less apparent silver while gold and nickel potential were ignored. | |
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