Canada Silver Cobalt Hits Bonanza-Grade Silver at 53,739 g/tonne with Gold Equivalent of 23.31 oz/ton
COQUITLAM, BC , June 16, 2021 / CNW / - Canada Silver Cobalt Works Inc. (TSXV: CCW ) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce, within the eight new silver veins discovered to date, an additional intercept of the high-grade silver vein (Vein 2) was intersected within 60 metres of the Robinson Zone Discovery hole CA-1108. The Robinson Zone, 100-percent owned by the Company, is located in the 78-square-kilometre Castle Silver Mine property, in Gowganda, Ontario, Canada.
Highlights and updates:
- Significant silver intercept in hole CS-20-39W4 grades 53,739 g/tonne Ag (1,568 oz/ton Ag) over 0.48m from 551.08 - 551.1m with a gold equivalent grade of 23.31 oz/ton Au.
- This intercept is included within a larger interval of 19,308 g/tonne Ag (563.24 oz/ton Ag) over 1. 3m from 550.6 - 551.9m with a gold equivalent grade of 8.38 oz/ton Au over 1. 3m .
- This is a follow-up to the highest-grade silver to date at Robinson Zone: hole CS-20-39, at 89,853 g/tonne Ag (2,621 oz/ton Ag) with a gold equivalent grade of 38.98 oz/ton Au.
- The main intercept that grades 53,739 g/tonne Ag from 551.08 - 551.1m also contains strong Cobalt mineralization at 2.22% Co over 0.48m.
- Secondary vein intercept in hole CS-20-39W4 grading 2,019 g/tonne (58.90 oz/ton Ag) over 0.4m from 475.3 - 475.7m with a gold equivalent grade of 0.88 oz/ton Au. This may be part of the vein set belonging to the "17-Metre Zone" first identified in hole CS-20-39.
Note: Gold equivalents calculated based on USD $27.625 oz/ton Ag and USD $1857.8 oz/ton Au as of June 16th, 2021.