(TheNewswire)
Through direct messaging to ourshareholders and investors, http://www.crucible.live defines the corporate strategy and goals
Coquitlam, BC – TheNewswire- September 5 , 2023 - Canada Silver Cobalt Works Inc. (TSXV:CCW)(OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada SilverCobalt”) is pleased to create the CRUCIBLE forum where shareholdersand investors can communicate directly with senior management tobetter understand our business model as it develops and how theCompany plans to increase shareholder value.
“We are happy to restart the Company forum, where ourresources are fused together to define the company’s unique story asit develops on multiple, ever-changing fronts. We have previously,successfully used this communications approach to effectively reachout to our shareholders and investors in helping them understand thedirection going forward,” said Frank J. Basa, P.Eng., CEO CanadaSilver Cobalt Works.
The company has been working on multiple properties insafe mining jurisdictions in both the EV battery metals and preciousmetals market. Through exploration and discovery on the respectiveproperties, the Company contemplates the next stage of development toincrease shareholder value.
Presently, the Company has been working on the spinoutof the high-grade nickel-copper Graal property in Northern Quebec. Arecent 16,000-meter drill program has resulted in combinednickel-copper grades of 1 percent over 10- to 30-meter lengths.Through the distribution of a dynamic dividend consisting of a shareand warrant, the current shareholders benefit from this corporatestrategy. This is a business model successfully used by the Company inthe past.
Investors and shareholders can sign up to participateat the Crucible forum at http://www.crucible.live or atthe Company’s website at https://www.canadasilvercobaltworks.com .
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered amajor high-grade silver vein system at Castle East located 1.5 km fromits 100%-owned, past-producing Castle Mine near Gowganda in theprolific and world-class silver-cobalt mining district of NorthernOntario. The Company has completed a 60,000m drill program aimed atexpanding the size of the deposit with an update to the resourceestimate underway.
In May 2020, based on a small initial drill program,the Company published the region’s first 43-101 resource estimatethat contained a total of 7.56 million ounces of silver in Inferredresources, comprising very high-grade silver (8,582 grams per tonneun-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections(1A and 1B) of the Castle East Robinson Zone, beginning at a verticaldepth of approximately 400 meters. Note that mineral resources thatare not mineral reserves do not have demonstrated economic viability.Please refer to Canada Silver Cobalt Works Press Release May 28, 2020,for the resource estimate. Report reference: Rachidi, M. 2020, NI43-101 Technical Report Mineral Resource Estimate for Castle East,Robinson Zone, Ontario, Canada, with an effective date of May 28,2020, and a signature date of July 13, 2020.
The Company also has: (1) 14 battery metals propertiesin Northern Quebec where it has recently completed a nearly16,000-metre drill program on the Graal property; and (2) theprospective 1,000-hectare Eby-Otto gold property close to AgnicoEagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where itis exploring. (3) lithium property – 230 square kilometers of greenfield exploration ground focussed along asignificant volcanic sedimentary rock – Archean granite contact nearCochrane, Ontario contiguous to Power Metals’ Case Lake Lithiumproperties.
Canada Silver Cobalt’s flagship silver-cobalt Castlemine and 78 sq. km Castle Property feature strong exploration upsidefor silver, cobalt, nickel, gold, and copper. With underground accessat the fully owned Castle Mine, an exceptional high-grade silverdiscovery at Castle East, a pilot plant to produce cobalt-rich gravityconcentrates, a processing facility (TTL Laboratories) in the town ofCobalt, and a proprietary hydrometallurgical process known as Re-2Ox(for the creation of technical-grade cobalt sulphate as well asnickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt isstrategically positioned to become a Canadian leader in thesilver-cobalt space. More information at www.canadasilvercobaltworks.com .
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
Or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
Neither the TSX Venture Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Caution RegardingForward-Looking Statements
This news release maycontain forward-looking statements which include, but are not limitedto, comments that involve future events and conditions, which aresubject to various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions may cause actual results tovary materially from forward-looking statements.
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