(NewsDirect)
Canada Silver Cobalt Works CEO FrankBasa joined Steve Darling from Proactive with an update on thespin-out of the Graal-Nourricier-Lac Suzanne (Graal) property inQuebec into a company called Coniagas Battery Metals.
The update included new data from itsPhase 2 drill program that has shown visual estimates of up to 29.90meters of massive and semi-massive sulphides near the surface.
Basa told Proactive that the company'sboard has approved the spin-out, and 37% of the shares of Coniagaswill be distributed to the shareholders of Canada Silver Cobalt.
He also expanded on the strongresults from concentrate of Castle Mine Waste rock which revealed 11%cobalt and 4% nickel.
And he said the company has finalized andsigned an option agreement to acquire a large lithium-cesium-tantalumpegmatite land package near Power Metals Case Lake Project.
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