(TheNewswire)
Coquitlam, BC – TheNewswire - March 1, 2023 – Canada Silver Cobalt WorksInc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B)(the “Company” or “Canada Silver Cobalt”) is pleased toannounce it will participate and present at the PDAC 2023 Conferencein Toronto from March 5 to March 8, 2023 and welcomes the opportunityto meet with investors to discuss recent developments and plans forthe Company.
Management will be available at Booth 2741 andPresident Matt Halliday, P.Geo is making a presentation Monday March 6at 11:50 am in Room 803 as part of the Corporate Presentation Forumfor Investors.
Canada Silver Cobalt recently announced plans for aspinout of its Graal property in northern Quebec into Coniagas BatteryMetals Inc. The details of the spinout including share structure anddistribution can be found in previous news releases on February 15,2023 and October 4, 2022.
At the 6,113-hectare Graal property, the Company hasdiscovered several massive and semi-massive structures and someimpressive intervals with great nickel and copper grades including upto 28.90m of 1.12% NiEq containing 0.75% Nickel and 0.41% Copper andother elements. The Company completed 7,036m of diamond drilling aspart of Phase 2 drilling at Graal for a total of 1 6,794.60 m of drilling during the2021-2022 drilling campaign (see news release February 27, 2023).
Other Canada Silver Cobalt projects include:
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The Eby-Otto gold property near Kirkland Lake where thecompany has conducted recent drilling with results pending (see newsreleases October 24 and 26, 2022)
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Newly acquired St. Denis lithium property nearCochrane, Ontario where the technical team is planning a substantialexploration program for the 2023 field season (see news releaseFebruary 6, 2023)
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Past-producing Castle Mine and the exceptionalhigh-grade silver-cobalt discovery at Castle East with also numerousgold intercepts including near surface and where further drilling isplanned (see news release January 17, 2023 and About sectionbelow).
Link to recent news releases
https://www.canadasilvercobaltworks.com/news/category/2023
Link to updated corporate presentation
https://www.canadasilvercobaltworks.com/Presentation.pdf
Q ualified Person
This news release has been reviewed and approved byFrank Basa, P.Eng., CEO of Canada Siler Cobalt Works Inc., a qualified person in accordance with NationalInstrument 43- 101 standards.
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 vertical depth of approximately 400 meters. Note thatmineral resources that are not mineral reserves do not havedemonstrated economic viability. Please refer to Canada Silver CobaltWorks Press Release May 28, 2020, for the resource estimate. Reportreference: Rachidi, M. 2020, NI 43-101 Technical Report MineralResource Estimate for Castle East, Robinson Zone, Ontario, Canada,with an effective date of May 28, 2020, and a signature date of July13, 2020.
The Company also has: (1) 14 battery metals propertiesin Northern Quebec where it has recently completed a nearly15,000-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 ofgreenfield exploration ground focussed along a significant volcanicsedimentary rock – Archean granite contact near Cochrane, Ontariocontiguous to Power Metals’ Case Lake Lithium properties.
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
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
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto 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 are factors that could causeactual results to vary materially from forward-looking statements. A detailed discussion ofthe risk factors encountered by Canada Silver Cobalt is available inthe Company’s Annual Information Form dated July 19, 2021 for thefiscal year ended December 31, 2020 available under the Company’sprofile on SEDAR at www.sedar.com .
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