here debug-> :lcxx11724

CobaltInvesting News

Your trusted source for investing success

Cobalt

Request an Investor Kit: Castle Silver Resources

By completing this form, you are giving consent to receive email from Castle Silver Resources. And remember you can unsubscribe at any time.

This profile is part of a investor education campaign. The profile provides detailed information which was sourced and approved by Castle Silver Resources in order to help investors make better investment decisions. The Company’s support of Investing News Network ensures we can continue to bring you unbiased, independent news and information.

Resource Investing News Featured Stock

Castle Silver Resources - Focused on Cobalt and Silver - Essential Metals in Renewable Energy

Castle Silver Resources – Focused on Cobalt and Silver – Essential Metals in Renewable Energy

Overview

Castle Silver Resources Inc. (TSXV:CSR) is focused on acquiring and redeveloping past-producing properties in pro-mining jurisdictions. The company has a portfolio of high-grade silver and cobalt properties with historic production in the Gowganda and Cobalt mining camps of Northern Ontario, Canada.

The company’s flagship project is the wholly-owned Castle Silver Mine Property, a large land-package with a significant amount of historic silver and cobalt production. Recent drilling discovered an exceptionally high-grade silver-cobalt vein structure and channel sampling identified a new zone, the Castle Golden Corridor, with significant gold and copper mineralization. Castle Silver is currently conducting geophysical surveys on the largely underexplored property to determine high-priority targets for an upcoming 2017 drill program.

Castle Silver’s portfolio also includes the Beaver and Violet silver-cobalt projects, both past-producers in the Cobalt mining camp near the Timiskaming silver mine.

Castle Silver Resources - Focused on Cobalt and Silver - Essential Metals in Renewable Energy

The tailings and waste rock piles at both the Castle and Beaver projects represent the potential for near-term revenue generation for Castle Silver Resources. Historic mining methods were not as efficient as today’s technologies, meaning substantial amounts of metals may remain in the waste. The company is currently conducting metallurgical testing of tailings and waste rock samples at these two projects to determine the most effective method of recovering silver, cobalt and other metals using modern technologies.

Preliminary results from first stage bench-scale metallurgical testing on both properties announced in January 2017 showed excellent silver and cobalt recoveries and concentrate grades. Further results are expected out later in 2017.

Castle Silver Resources is planning a capital raise of $500,000 for advancing its portfolio of properties. The company is led by President and CEO Frank Basa who has over 28 years of global experience in mining and development as a professional hydro-metallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of silver, cobalt, gold and other metals.

Investment Highlights 

  • 100-percent ownership of 3 formerly producing properties including the Castle Silver Mine in the Gowganda mining camp and the Beaver and Violet silver-cobalt mines in the Cobalt mining camp. The company’s main goal is to resume underground mining at these properties using modern mining techniques.
  • Silver and cobalt are essential metals in renewable energy technology. Cobalt is used in 3 of the 4 main types of lithium-ion electric car batteries, and silver is used in 90-percent of crystalline silicon photovoltaic cells in solar panels.
  • Near-term revenue generation potential in tailings and waste rock piles. Preliminary metallurgical testing returned excellent silver and cobalt recoveries and concentrate grades.
  • Castle mine historical production of 9.5 million ounces silver and 300,000 pounds cobalt; grade averaged 25 oz/t silver (777 g/t Ag) from 1923-30 and 26 oz/t silver (808 g/t Ag) 1979-1989.
  • Recent drill hole CA-11-08 intersected 188.8 oz/tonne silver (6,476 g/t Ag) over 3.09 meters at the Castle property.
  • Channel sampling in 2014 exposed significant gold and copper mineralization and led to discovery of Castle Golden Corridor Zone.
  • Geophysical and geochemical program at Castle Silver Mine property to identify drill targets for 2017 Exploration Program.
  • Tight Share Structure; 15 percent held by President and CEO Frank Basa and family members.
  • Share listings: TSXV:CSR, OTC:TAKRF, and FRANKFURT:4T9B

Flagship Property: Castle Silver Mine Project

The Castle Silver Mine Project includes the former silver and cobalt mine which produced 300,000 pounds of cobalt and 9.5 million ounces of silver. Historic underground ore grade averaged 25 oz/t silver (777 g/t Ag) during production years 1923 to 1930 and 26 oz/t silver (808 g/t Ag) between 1979 and 1989.

The 33 square-kilometer property is located in the historic Gowganda mining camp—responsible for more than 50 million ounces of high-grade silver production in the 1900s — and 85 kilometers northwest of the historic Cobalt silver mining camp in Ontario, Canada. Two geological trends have been identified on the property including a north-south trending Nipissing diabase intrusive which is the typical host rock for silver-cobalt-nickel deposits in the area; and the potential gold trend along the east-west trending Bloom Lake Fault. Infrastructure includes year-round access roads, water, diesel power and three adits.

Castle Silver Resources - Focused on Cobalt and Silver - Essential Metals in Renewable Energy

Despite the past-production at Castle, the property remains largely under explored and is highly prospective for hosting a significant high-grade underground silver deposit. Drill hole intercepts from the 2011 winter drill program at Castle returned significant assays including drill hole CA-11-08 which intersected 188.8 oz/t silver (6,476 g/t Ag) over 3.09 meters.

Castle Silver Resources - Focused on Cobalt and Silver - Essential Metals in Renewable Energy

Castle Golden Corridor Zone

The newly discovered 800-meter Castle Golden Corridor zone is located about 1.7 kilometers northwest of the Castle # 3 shaft and in a geological setting similar to that of the past-producing Kirkland Lake deposit (40 million ounces of gold) located 75 kilometers to the northeast. The zone is highly prospective for a high-grade hydrothermal related gold system with copper to a depth of 300 meters.

Channel sampling work conducted in 2014 resulted in a sampling grade of 2.24 g/t gold over 2.2 meters and copper values as high as 1.03 percent.

In June 2016, the company signed a 50/50 joint venture agreement with Granada Gold Mine Inc. to advance the zone.

Upcoming drill program in 2017

In October 2016, the company commenced an induced polarization (IP) survey involving a total of eight 1.8-kilometer lines over a wide area including the Golden Corridor to identify IP anomalies typical of gold and silver mineralization.

Castle Silver Resources - Focused on Cobalt and Silver - Essential Metals in Renewable Energy

A mobile metals ion (MMI) sampling program is planned for 2017 which will further delineate drill targets for an upcoming drill program later in the year.

Beaver Silver-Cobalt Project

The Beaver silver-cobalt project is located in Ontario’s historic Cobalt mining camp, adjacent to the former Timiskaming silver mine and approximately 80 kilometers southeast of the past-producing Castle mine. The project itself includes a former producer, the Beaver mine, which produced 7.1 million ounces of silver and 139,472 pounds of cobalt from 1907 to 1940.

Castle Silver Resources - Focused on Cobalt and Silver - Essential Metals in Renewable Energy

Cobalt rosettes in a quartz-carbonate vein at the Beaver Silver Mine

Sampling of historical waste rock and tailings at Beaver in 2013 returned 7.98 percent cobalt, 3.98 percent nickel, and 1,246 g/t silver. Castle Silver is conducting metallurgical testing of these to determine if the silver and cobalt remaining in the tailings and waste rock can be effectively recovered using modern technologies.

Castle Silver also holds the formerly producing Violet silver-cobalt mine located near the Beaver property in the Cobalt mining camp.

Near-term revenue potential

The tailings and waste rock stockpiles from the previous mining operations carried out on both the Castle and Beaver properties represent a potential near-term revenue generator for Castle Silver Resources. Metallurgical testing is underway to determine if silver, cobalt and other metals left in the material can be effectively extracted and processed using modern technological methods.

Preliminary results from bench-scale metallurgical flotation and gravity test work include recoveries of 98.5 percent silver and 70.5 percent cobalt from the Beaver waste pile, producing a concentrate of 11,876 grams per tonne silver and 10.5 percent cobalt using simple flotation. Using a simple gravity process, concentrate grades were 1,379 grams per tonne silver and 0.04 percent cobalt. Head assays were 108 grams per tonne silver with 0.02 percent cobalt.

Concentrate grades for the Castle tailings, following a simple gravity process, were 308 grams per tonne silver and 0.08 percent cobalt. Head assays were 123 grams per tonne silver with 0.01 percent cobalt.

“Preliminary test results are excellent, particularly from the waste rock collected from the Beaver Mine, and assay and gravity tests that indicate mining at Castle and Beaver in the 1900s left behind potentially recoverable amounts of silver and cobalt in the tailings that may now be extracted using modern metallurgical methods,” said Basa. “We are very encouraged by these metallurgical results. We plan to undertake additional metallurgical testing for the optimization of grind and reagents.”

Further metallurgical results are expected for release in 2017.

Management

Frank J. Basa, P. Eng.—President, CEO and Director

Frank Basa has over 28 years’ global experience in mining and development as a professional hydro-metallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of silver, cobalt, gold and other metals. He is a member of the Professional Engineers of Ontario and a graduate of McGill University. Basa has been the Chairman, Chief Executive Officer and President of Granada Gold Mine Inc. since June 18, 2004.

Thomas P. Devlin—CFO

Thomas Devlin brings to the company over 40 years of accounting and management experience in the investment and junior resource industries. Devlin has been Chief Financial Officer of Granada Gold Mine Inc. since July 3, 2009.

Dianne Tookenay, M.P.A. B. Admin—Director

Dianne Tookenay holds a Certificate in Mining Law from the Osgoode Hall Law School, York University, a Joint Masters of Public Administration from the University of Manitoba, a Bachelor of Administration from Lakehead University and Native Band Management and Indian Economic Development Diplomas from Confederation College Applied Arts and Technology. Tookenay’s experience, knowledge and deep roots within the First Nation communities will continue to add significant value to Castle’s development efforts over the coming years.

Jacques F. Monette—Director

Jacques Monette is a career miner who has been engaged in every facet of underground mining for more than 40 years. His previous positions included Shaft Project Coordinator with Cementation Canada Inc., Vice President of Operations/Mining Division for Wabi Development Corp., Vice President of Development for CMAC Mining Group, Operations Manager for Moran Mining and Tunneling, as well as Area Manager for J.S. Redpath Group.

Robert Setter B.A. Econ. —Director

Robert Setter is the former Senior Financial Editor for Report on Mining. He brings an extensive business, marketing and analysis background to the company, is a graduate of UBC and holds a BA in Economics. Setter serves as Corporate Research and Analytics for Granada Gold Mine Inc. since 2012.

Annemette Jorgensen—Director

Annemette Jorgensen brings over two decades of public company corporate development, finance, media, and public relations and investor relations expertise. Jorgensen has served on the board of Granada Gold Mine Inc. since April, 2012. As Manager of Debentures Investments with Samoth Capital Corporation, Jorgensen was responsible for raising over one million dollars per month.

Request an Investor Kit: Castle Silver Resources

By completing this form, you are giving consent to receive email from Castle Silver Resources. And remember you can unsubscribe at any time.

Enter Your Log In Credentials
×

Privacy & Legal Policy

This website is part of the Investing News Network published by Dig Media Inc.

Overview

INN's mission is to be the world's number one source of independent, unbiased news and education helping investors realized their financial goals. We also strive to be internationally respected for our integrity, our people and our commitment to excellence. Therefore, we are very concerned with the privacy rights of our audience and are committed to protecting the information collected about you.We have taken extensive measures to protect the confidentiality of your personal information and to protect your data from misuse and unauthorized access or disclosure. Unfortunately, no data transmission over the Internet can be guaranteed to be 100% secure. As a result, Dig Media cannot ensure or warrant the security of the information you transmit to us and you do so at your own risk.

Contact Information

Our postal address is

L200 - 560 Beatty Street,

Vancouver, BC V6B 2L3

We can be reached via e-mail at info@digmediasolutions.com or telephone at +1-604-688-8231

Information Collected

For each visitor to our website, our web server automatically recognizes no information regarding the domain or e-mail address.

We collect information volunteered by the visitor, such as survey information and/or site registrations, name and address, telephone number.

The information we collect is used to notify visitors about updates to our website, shared with other reputable organizations to help them contact visitors for marketing purposes.

With respect to cookies: When you visit our websites, we send one or more cookies, a small file containing a string of characters, to your computer that uniquely identifies your browser during your visit. We use these cookies to maintain your connection as you move from page to page, and to ensure anything you submit, such as a comment or a form, is not rejected. You can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some website features or services may not function properly without cookies.

If you do not want to receive e-mail from us in the future, please let us know by sending us e-mail at the above address.

Persons who supply us with their telephone numbers on-line may receive telephone contact from us with information regarding new products and services or upcoming events. If you do not wish to receive such telephone calls, please let us know by sending us e-mail at the above address.

Ad Server

With respect to Ad Servers:

Other third-party companies which place advertising on our site may collect information about you when you view or click on their advertising through the use of their cookies or other tracking technologies, which may include delivering targeted advertisements and marketing messages based upon the third party websites that you visit, or other purposes. We cannot control this collection of information and are not responsible for the privacy policies and data collection, use and disclosure practices of these third party advertisers. You should contact these third party advertisers directly if you have any questions about their use of the information that they collect from you. Google-DoubleClick DFP is our third party ad server. If you would like to know more about their information gathering practices and opt-out procedures, please see Google ad policies.

Also, if you would like more information about this practice and to know your choices about not having this information used by these companies, please see NAI Opt-out Options.

Information Use

We only share personal information with other companies or individuals outside of the cases outlined above in the following limited circumstances:

We may share with third parties certain pieces of aggregated, non-personal information, such as the number of users who searched for a particular term, for example, or how many users clicked on a particular advertisement. Such information does not identify you individually.

Remarketing

We may remarket your information. Remarketing is a way for us to connect with users, based upon your past interactions with INN websites. Third-party marketing vendors may be hired by INN to perform remarketing services. As a result, third-party vendors, including Google, may show INN ads on sites on the internet. Third-party vendors, including Google, use cookies to serve ads based on a user's prior visits to INN websites.

To opt out of customized Google Display Network ads click here. To find out more about how Google uses any data it collects please visit http://www.google.com/privacy_ads.html.
Any information collected is used only for remarketing purposes and will not be used by them for any other purpose.

Future Use

From time to time, we may use visitor information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will post the policy changes to our website to notify you of these changes and provide you with the ability to opt out of these new uses. If you are concerned about how your information is used, you should check back at our website periodically.

Accessing Your Data

Please contact us at the address above for any additional questions about the management or use of personal data.

Upon request we provide site visitors with access to communications that the visitor has directed to our site (e.g., e-mails, customer inquiries), contact information (e.g., name, address, phone number) that we maintain about them.

Visitors can access this information by e-mailing us at the above address.

Upon request we offer visitors the ability to have inaccuracies corrected in contact information.

Visitors can have this information corrected by sending us e-mail at the above address.

Security

With respect to security: We have appropriate security measures in place in our physical facilities to protect against the loss, misuse or alteration of information that we have collected from you at our site.

Your Acceptance of These Terms

By using this site, or by submitting personal information to us, you signify your agreement to Dig Media's Privacy Policy and Terms of Use. From time to time we may change or update our piracy policies. It is your responsibility to check back regularly to inform yourself of such changes. Your continued use of this or any Dig Media website following the posting of changes to these terms will be deemed as your acceptance of those changes.

The foregoing policies are in effect as of August 1, 2012. Dig media reserves the right to change this policy statement at any time by posting the revised policy to this website. This statement and the policies outlined herein are not intended to and do not create any contractual or other legal rights in or on behalf of any party.

If you feel that this site is not following its stated information policy, you may contact us at the above addresses or phone number.

×
Investing News Network