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Canada Silver Cobalt samples up to 3.2gpt gold at Castle Property near Gowganda

Jul 21, 2023

Canada Silver Cobalt Works Inc. providing an update on its gold prospecting activities in the Miller Lake area at the Castle Mine property. The Company has made significant discoveries in its surface exploration efforts, and the latest findings with multiple samples above 1 gram per tonne (g/t) gold and ranging up to 3.2 g/t gold are highly encouraging at surface.

"We are happy we have these grab samples in a timely manner with a 3-day gold assay turn around from Temiskaming Testing Labs. They are taken systematically over the stripping area and they are very encouraging. We now want to see what we can find in channel samples so we can model some widths and we are excited to see the outcrop mapping to incorporate into our geological database at Castle," said Matthew Halliday, P.Geo., President and COO.

During the recent stripping process in the Miller Lake area, a section measuring approximately 15 meters by 12 meters at the widest points was examined. The lithology in the area consists of mafic volcanic massive flow with weak chlorite and albite alteration at the extremities. The main part of the area exhibits iron, carbonate, and silicification alteration with rusty gossan. Notably, there is about 1 percent quartz veining present.

Across the outcrop, pyrite mineralization is evident, ranging from 1 percent to 2 percent and locally reaching up to 5 percent to 7 percent. This pyrite is associated with stronger alteration and provides additional evidence of mineralization potential.

Tags: Northern Ontario / Exploration / Gold / All Articles