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Canada Silver Cobalt Intersects High-Grade Silver Up to 6,188.43 g/t Ag at Castle East

Jan 24, 2022

"Big Silver is living up to its name with the latest intercept of 6,188 g/t silver which has a gold equivalent of 74.67 g/t.," Matt Halliday, President and Chief Operating Officer said. " We are especially encouraged by the 36m of total downdip extension; this type of continued expansion will be very important for our next resource update. In addition, we can't wait to explore these structures further from underground after a ramp is constructed."

Canada Silver Cobalt Works Inc. has announced a continued expansion of its silver deposit at Castle East with excellent intercepts from the Big Silver Zone containing high-grade silver and cobalt grades. The drill results will be included in the planned resource update expected by the end of Q1 2022. 

Drilling Highlights:

  • Big Silver intercept grading 6,188.43 grams per tonne (g/t) silver and 0.35% cobalt over 0.50m in hole CS-21-47 located 16m downdip from Big Silver's discovery hole CS-20-39 that graded 89,853.00 g/t silver (See press release January 29, 2021). 
  • A second Big Silver intercept grading 2,509.41 g/t silver and 0.10% cobalt over 0.50m in hole CS-21-73, that is located an additional 20m downdip from the intercept in CS-21-47 noted above. 

The upcoming resource update will include Big Silver and several other high-grade veins intersected at the Castle East deposit during the 53,000 meters of drilling conducted since the last resource estimate was published in May 2020. 

The Company is also well-advanced in the process of obtaining permits for a ramp down to the high-grade deposit in order to conduct underground exploration to further expand the deposit and also to access high-grade bulk samples that it can process into silver dore bars at its TTL bulk processing facility in nearby Cobalt, Ontario. Discussions with the provincial government are underway, and baseline environmental studies are expected to be completed by mid-year with the permit application filed soon after. 

Tags: Northern Ontario / Exploration / Silver / All Articles