(TheNewswire)
The installation of the gravity pilotplant at Temiskaming Testing Labs will be commissioned to optimizeplant performance. It is designed to process high-grade stamp milltailings and waste rock into concentrate feed for the Re-2Oxprocess .
Coquitlam, BC - TheNewswire- January 18, 2022 - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CWOF)(Frankfurt:4T9B) (Canada Silver Cobalt or the Company) is pleased toannounce that the company will begin testing high-grade stamp milltailings from the Beaver mine and the Castle mine once commissioningof the gravity pilot plant is complete. The testing is expected tobegin within 4 weeks.
Highlights:
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Company owns two of the three known high-grade silverstamp mill tailings in the Cobalt camp.
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Beaver tailings were sonic drilled by the company lastyear with silver grades from 314 to 14 grams per tonne. A total of 354meters of sonic drilling in 127 holes was undertaken (see PressRelease February 5, 2021)
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The reintegrated Re-2Ox process will be tested for therecovery of silver from the gravity concentrate.
Canada Silver Cobalt Works CEO Frank J.Basa , P.Eng., states, “The company will beemulating a successful historical development and business model usedby previous mining companies in the Cobalt Camp that will potentiallyprovide low-cost concentrate feed for the reintegrated Re-2Oxprocess.”
Gravity Pilot Plant:
The gravity pilot plant is closed loop with a waterrecycle step. It is a two-stage gravity process. The primary step is aspiral concentrator feeding the concentrate to a conventional gravitytable. The company has ordered a third gravity concentrating piece ofequipment and envisions it to be placed between the spiral and gravitytable. The gravity pilot plant is designed to operate at one tonne perhour of high-grade silver tailings.
Stamp Mill Tailings:
Once the high-grade silver ore was hand-cobbed from themines, the lower-grade ore was processed by a simple process ofcrushing the rock with stamps. The stamps were heavy iron hammers thatwere dropped onto the ore to release the high-grade native silver fromthe waste rock. Banks of these stamps were lined up into one line inthe machine and were lifted by cams and then dropped onto the silverore. Water was the only other requirement that was used in theprocess. A very simple and effective process in that time to recoverthe high-grade native silver. The limitation of the process was thatit could not recover the silver in the sulfides. This is the portionwhich the gravity pilot plant will potentially recover.
Qualified person
The technical information in this news release has beenreviewed by Frank J. Basa, P.Eng., a member ofthe Professional Engineers of Ontario, and is a qualified person inaccordance with the National Instrument 43- 101standards.
About Canada Silver Cobalt WorksInc.
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. This discovery has the highest silver resource grade in theworld, with recent drill intercepts of up to 89,853 grams/tonne silver(2,621 oz/ton Ag). A drill program is underway to expand the size ofthe deposit with an update to the resource estimate scheduled for Q12022.
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.
CCW has 39,017.96 hectares of electric vehicle (EV)battery metals exploration properties (containing nickel, copper andcobalt) with 15 properties in Quebec and 1 in Northern Ontario.Exploration is underway at the Graal massive sulphide formation inNorthern Quebec. Drill core has been encouraging with initial XRFresults up to 2.79% nickel and 25.68% copper in hole NRC 21 03; labresults are still pending.
Canada Silver Cobalt’s flagship silver-cobalt Castlemine and 78 sq. km Castle Property and recently acquired propertiesin Ontario and Quebec feature strong exploration upside for silver,cobalt, nickel, gold, and copper. With underground access at the fullyowned Castle Mine, an exceptional high-grade silver discovery atCastle East, a pilot plant to produce cobalt-rich gravity concentrateson site, 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 and battery metals. More information atwww.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
This news release may containforward-looking statements which include, but are not limited to,comments regarding the Offering and comments that involve other futureevents and conditions, which are subject to various risks anduncertainties. Except for statements of historical facts, commentsthat address the Offering, resource potential, upcoming work programs,geological interpretations, receipt and security of mineral propertytitles, future financings, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. No assurance can be given that the Offering will close onthe terms and conditions set out in this news release or at all.General business conditions are factors that could cause actualresults to vary materially from forward-looking statements. A detaileddiscussion of the risk factors encountered by Canada Silver Cobalt isavailable in the Company’s Annual Information Form dated July 19,2021 for the fiscal year ended December 31, 2020 available under theCompany’s profile on SEDAR at www.sedar.com.
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