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Canada Cobalt Works Inc.
Summary
| Project: | Castle | |
|---|---|---|
| Deposit: | Castle East | |
| Location: | Canada | |
| Commodities: | Silver | |
| Date: | 3/2/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2020: Canada Cobalt Works Inc. announces an Exploration/Drilling Update report for its Castle East deposit at the Castle project. Drilling results incl. 4m @ 4.3g/t Au from 240m. COQUITLAM, BC, March 2, 2020 /CNW/ - Canada Cobalt Works Inc. (TSXV: CCW | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Merouane Rachidi (GoldMinds Geoservices) | |
| ABSTRACT: | COQUITLAM, BC, March 2, 2020 /CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that as a new high-grade silver discovery continues to build out at Castle East, with a major update expected in the coming days, geologists are learning more about the sulphide-rich Archean rocks with strong gold potential above and below the Nipissing diabase that were never systematically explored in the prolific past producing Gowganda Silver Camp. The Castle Archean package, featuring favorable structural and geological characteristics in the southwest Abitibi greenstone belt, is now increasingly viewed as prospective for quartz-carbonate vein-type gold deposits as well as base metal and PGE mineralization following initial phase exploration by Canada Cobalt. Matt Halliday, VP-Exploration for Canada Cobalt, commented: "It's not unusual to find different types of deposits in a mining camp, even a century or more after the birth of a camp such as Gowganda. The growing gold potential of the 78 sq. km Castle Property, through first-pass drilling and a very limited amount of exploration to date, is a fascinating development and points to geological processes that were more complex and dynamic than previously recognized. This has our team very excited, though our highest priority for obvious reasons is the emerging new high-grade silver deposit at Castle East. | |
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