Canada Silver Cobalt Works Inc (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) has reported high-grade silver assays from sonic drilling at the historic Beaver mine – one of the company’s assets in the cobalt camp in the Gowganda district of Ontario.
The company said 127 holes were completed for 354 metres (m) and assays range between a minimum of 13.7 grams per ton (g/t) and 314 g/t of silver from 378 samples, which were tested.
READ: Canada Silver Cobalt Works reports highest grade silver assay to date at Robinson Zone, Ontario
The maximum cobalt assay was 639 parts per million (ppm) and the maximum copper result was 754ppm and 225ppm nickel.
“… the Beaver Mine has some of the highest silver grade stamp mill tailings in the Cobalt Camp,” noted Canada Silver Cobalt president Matt Halliday in a statement.
“Planning is in place to begin sonic drilling at the Castle Mine tailings this year. These historic mine properties can provide a readily available source of mineralized tailings for processing to recover the silver and cobalt.”
On January 29 this year, the company said it had received the highest grade silver assay to date from a hole at the so-called Robinson zone at the company’s flagship Castle mine property in Ontario.
The Beaver property lies 5 kilometers (km) southeast of the town of Cobalt, where Temiskaming Testing Labs (TTL) is also located. The company’s Castle property is about two hours’ drive away.
In 2015, the company struck a deal with Gold Bullion Development Corp. (now Granada Gold Mine Inc), which gave Canada Silver Cobalt the right to acquire a 100% interest in the Beaver and Violet cobalt/silver properties.
Beaver Consolidated Mines Ltd produced 221.7 tonnes silver (7,127,858 ounces) from the Beaver Property between 1907 and 1940. The mine also produced 140,000 pounds of cobalt at an average of 1.4 pounds per tonne during this same period.
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Story by ProactiveInvestors
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