Canada Silver Cobalt Provides Update on Grassroots Exploration at Five Battery Metals Properties in Quebec

Canada Silver Cobalt Provides Update on Grassroots Exploration at Five Battery Metals Properties in Quebec

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to provide an update on its initial exploration work at five properties with EV battery metals potential in Québec.

Canada Silver Cobalt owns 14 battery metals properties in Quebec totalling 31,201 hectares.

The Company has begun grassroots exploration on four properties located on the North Shore (Côte-Nord) of the St. Lawrence River: Grande Portage, LPM-LPMN, Boudrias (North and South) and B30 Shear. The technical team used existing logging roads and ATV/walking trails, and activities included access reconnaissance, prospecting favorable rock types, and using the Beep Mat to locate conductors. On select properties where conductive rock was identified using the Beep Mat tool, channel samples were taken with a rock saw. The team collected 35 samples which have been sent to a laboratory and assay results will be disclosed once received and validated.

The Beep Mat is a robust exploration tool that enhances geological mapping and prospecting activities. It detects magnetic and conductive bedrock underneath the location that it traverses. It provides real-time EM and magnetic data that can be used to identify prospective outcrops that might not otherwise be visible if covered with overburden.

The fifth property - Lowney-Lac Edouard - is located in central Quebec, East of La Tuque, and is where a helicopter VTEM survey has been completed. The preliminary maps of the survey have been provided and the Company is awaiting the final report from Geotech. Five anomalies are identified with the VTEM System B-Field Z-data profiles map. The Company plans to follow-up the results of the geophysical survey once the data has been reviewed.

"This has been quite an energetic year for Canada Silver Cobalt, filled with activities at five other battery metals properties besides our flagship Graal property in Quebec and at the Castle silver-cobalt and Eby-Otto gold properties in Ontario. We are proud of our technical team for accomplishing so much this year. We plan to keep the momentum going and can't wait to show you the results of our exploration work as we receive them and our progress in other exciting developments for our Company," stated Matthew Halliday, P.Geo., President and Chief Operating Officer.

Table 1: Property information and type of work completed.

PropertySize (ha)Type of Work CompletedTarget / Reason of Interest
Grand Portage2196Prospecting, samplingNi-showing and magnetic anomaly
LPM-LPMN 388Prospecting, samplingBouguer anomaly
Boudrias (N & S)942Prospecting, samplingNi-showing and magnetic anomaly
B30 Shear721Prospecting, samplingNi-showing and magnetic anomaly
Lowney-Lac Edouard 6540VTEM surveyBouguer anomaly

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_002.jpg

Figure 1: Location of all CCW properties in Quebec. Green represents which properties were visited in this phase of grassroots exploration.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_003.jpg

Figure 2: The Grand-Portage property map with field traverses.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_003full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_004.jpg

Figure 3: The LPM-LPMN property map with field traverses.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_004full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_005.jpg

Figure 4: The Boudrias North property map with field traverses.

To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_006.jpg

Figure 5: The Boudrias South property map with field traverses.

To view an enhanced version of Figure 5, please visit:
https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_006full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_007.jpg

Figure 6: The B30 Shear property map with field traverses.

To view an enhanced version of Figure 6, please visit:
https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_007full.jpg

Qualified Person

The technical information in this news release was prepared under the supervision of Claude Duplessis P.Eng of GoldMinds Geoservices, a qualified person in accordance with National Instrument 43-101, and reviewed by Matthew Halliday, P.Geo., (PGO), President and COO of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-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 vertical depth of approximately 400 meters. Note that mineral resources that are 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, NI 43-101 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.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical survey is being conducted at it Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario where it is is exploring in 2022.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.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 nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135162

News Provided by Newsfile via QuoteMedia

CCW:CA
The Conversation (0)
Canada Silver Announces Effective Date of Name Change to "NORD PRECIOUS METALS MINING INC."

Canada Silver Announces Effective Date of Name Change to "NORD PRECIOUS METALS MINING INC."

(TheNewswire)

Canada Silver Cobalt Works Inc.

January 19, 2024 TheNewswire - Coquitlam, BC, Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that further to its news release dated January 4, 2024, the TSX Venture Exchange has accepted the name change to " Nord Precious Metals Mining Inc. ".

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Announces Name Change to Nord Precious Metals Mining Inc.

Canada Silver Announces Name Change to Nord Precious Metals Mining Inc.

(TheNewswire)

Canada Silver Cobalt Works Inc.

Coquitlam, BCCanada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt is pleased to announce that shareholders at the Annual and General Meeting held on October 31, 2023 voted in favour to change the Company's name to "Nord Precious Metals Mining Inc".  The new name will better reflect the direction of the Company.  The name change is subject to TSX Venture Exchange ("Exchange") approval.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Works Reflects on a Productive Year of Achievements

Canada Silver Cobalt Works Reflects on a Productive Year of Achievements

(TheNewswire)

Canada Silver Cobalt Works Inc.

New discoveries of precious and battery metals and progress towards surfacing value for shareholders through a spinout of a potentially large nickel-copper-cobalt property in Quebec

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

(TheNewswire)

Canada Silver Cobalt Works Inc.

The property has many yet-to-be-drilled targets and prospective electromagnetic anomalies identified by an airborne geophysical survey.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt to Reprice Warrants

Canada Silver Cobalt to Reprice Warrants

(TheNewswire)

Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the " Company " or " Canada Silver Cobalt ") announces that it is proposing to amend the terms of an aggregate 23,380,092 outstanding common share purchase warrants ("Warrants") by amending the exercise price to $0.06 per share

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Government of Canada Announces Funding to Support Domestic Critical Minerals Value Chains and Create Good Jobs in the Northwest Territories

Government of Canada Announces Funding to Support Domestic Critical Minerals Value Chains and Create Good Jobs in the Northwest Territories

Canada is committed to supporting strong domestic value chains for critical minerals and the clean technologies and energy sources they enable. The Government of Canada is focused on increasing mineral and energy security, creating good jobs and supporting economic opportunities across critical mineral value chains, from upstream exploration and extraction to downstream processing, manufacturing and recycling.

Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced a $714,500 investment in Fortune Minerals Limited (Fortune Minerals) to enhance the production of cobalt sulphate and bismuth ingot products from the company's planned mine in the Northwest Territories and refinery in Alberta to increase the supply of critical battery metals that are essential to the development of a domestic electric vehicle value chain. This will be achieved through a pilot-scale hydrometallurgical program designed to optimize processing conditions while ensuring that residues from the process are stable for safe disposal.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Expands Its Exceptional Grassroot Portfolio Across Quebec, Canada and Greenland

Brunswick Exploration Expands Its Exceptional Grassroot Portfolio Across Quebec, Canada and Greenland

Brunswick Exploration Inc. (" BRW " or the " Company ") is pleased to announce that, pursuant to its aggressive and innovative grassroot exploration campaign which led to three new discoveries including the flagship Mirage Project, it has expanded its portfolio of targets and map-staked over 215 outcropping, mapped andor interpreted, untested S-type pegmatites, measuring between 500 and 8,800 metres in strike length. These new targets are located in areas that have seen minimal or no current lithium exploration in Quebec, Labrador and, for the first time, Greenland. The newly acquired pegmatites were identified following extensive compilation work by BRW and most are located near existing roads, power infrastructure andor tidal water.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Commencement of Preliminary Economic Assessment for the BamaStar Graphite Project in Coosa County, Alabama, USA

South Star Battery Metals Announces Commencement of Preliminary Economic Assessment for the BamaStar Graphite Project in Coosa County, Alabama, USA

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF), is pleased to announce that it has awarded contracts for the National Instrument 43-101 ("NI43-101") Preliminary Economic Assessment(" PEA" or the "Study") for the BamaStar Graphite Project ("BamaStar"). The interdisciplinary team of consultants, engineers and scientists is co-led by Dorfner ANZAPLAN GmbH and Lycopodium Limited. The PEA is anticipated to be completed and published in July 2024. With the recent mineral lease and surface rights extensions, South Star has successfully completed all the other requirements for BamaStar's option agreement, and preparing the PEA is the final milestone that will give the Company the right to acquire an undivided 75% legal and beneficial interest in and to the minerals, mining rights and the underlying agreements for the mine

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Odessa Minerals (ASX:ODE)

Drilling Approvals Received for Gascoyne East Project

Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) is pleased to provide an update on its Gascoyne East Project (“Project”) in the Gascoyne region of Western Australia.

Highlights:

Keep reading...Show less
ALX Resources Corp. Intersects Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

ALX Resources Corp. Intersects Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce an update on the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. The second and third holes of the planned 6-hole program have intersected narrow intervals of uranium mineralization at or near the unconformity, based upon hand-held scintillometer readings on drill core, downhole gamma probe results, and visual observation of uranium minerals by ALX's geological team.

Hole GC24-02 (180 degree azimuth / -75 degree dip) was drilled at the intersection of east-west and north-northwest faults interpreted from the 2023 ground magnetic survey and intersected fracture-controlled and disseminated blebs of uranium mineralization at 0.8 metres below the unconformity, which was reached at a depth of 108.4 metres. An Exploranium GR-135 handheld scintillometer measured radioactivity of 220 counts per second ("cps") and a Mount Sopris 2PGA-1000 downhole gamma probe measured a radiometric peak of 3,321 cps within a 0.6 metre interval of anomalous radioactivity from 108.9 to 109.5 metres. Drill hole GC24-02 represents an approximately 470-metre step-out to the west of ALX's historical hole GC15-03 (0.143% U3O8 assay over 0.23 metres) and was collared approximately 350 metres to the southwest of Eldorado Nuclear's ("Eldorado") 1979 hole GC-15 (1,520 parts per million ("ppm") uranium over 0.13 metres) (see Figure 1).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Coniagas Battery Metals Secures Critical Ground Near SOQUEM's Cardinal Property, Accelerating Expansion into High-Grade Cu-Ni-Co-PGE Deposits

Coniagas Battery Metals Secures Critical Ground Near SOQUEM's Cardinal Property, Accelerating Expansion into High-Grade Cu-Ni-Co-PGE Deposits

(TheNewswire)

Developing a High-Grade Battery Metals property portfolio in Quebec, Coniagas aims to advance these properties towards production

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×