Canada Cobalt returns massive native silver grades at Castle East
Canada Cobalt Works (TSXV: CCW) announced Friday that assays from the second wedge hole at the Robinson zone at Castle East, a new grassroots high-grade discovery in Ontario adjacent to three past producers, have returned 70,380 g/t silver over 0.30 metre within a broader zone of 1.4 metres grading 20,136 g/t and 4.0 metres (core length) of 7,259 g/t.
The drill program and sampling protocol are being managed by geologists from GoldMinds Geoservices. Holes CS-19-08-W01 to W04 were wedges drilled off the historic CA-11-08 hole, the company said in a media release. Samples were collected using a 0.3-metre minimum length, 1.0-metre maximum length. Drill core recovery averaged 95%.
Canada Cobalt Works also announced separately that it has closed its deal to acquire PolyMet Labs, the only facility in the Northern Ontario Silver-Cobalt district that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing.
At market close Friday, Canada Cobalt Works’ stock was up nearly 5%. The company has a C$57 million market capitalization.