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Canada Silver Cobalt Releases 2022 Future Outlook and 2021 Summary
https://money.tmx.com/en/quote…_Outlook_and_2021_Summary Coquitlam, BC - TheNewswire - January 31,2022 - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the"Company" or "Canada Silver Cobalt") is pleased toprovide an outlook for 2022 and a comprehensive review of companyoperations in 2021.
“What an energetic year for Canada Silver CobaltWorks. We are so proud of our team for accomplishing so much thisyear! Not only have we been opening up new structures and findinghigh-grade silver in Gowganda, but we’ve also been successful atGraal with multiple massive sulphide intersections. ...
Drilling Summary
The goal of the current drill program has been toexpand our current resources of 7.56 million ounces of silver inferred(8,582 grams per tonne un-cut in 27,400 tonnes). Since the lastResource update in May 2020 and the beginning of the 60,000m drillprogram at Castle East, CCW has discovered 7 new mineralizedstructures. The drill program has been highly successful thus far,with incredible intercepts in late 2020 including silver results of upto 89,853.00 g/tSilver over 0.30m in hole CS-20-39, cobaltresults of up to 2.22%Cobalt over 0.42m in hole CS-20-39W4, andimpressive gold results of up to 24.95 g/t Gold over 0.30m in hole CS-20-31with visible gold present at a shallow depth of 49.7m downhole.
In 2021, the Company drilled a combined total of42,603.4m at its Castle East and Graal Projects. At Castle East, thesilver and cobalt grades are equally impressive compared to 2020 andinclude up to 30,416.91 g/tSilver and 2.24% Cobalt over 0.42m in hole CS-21-61,multiple gold results including 2.35 g/t Gold over 1.30m in hole CS-21-47, and 1.94 g/t Gold over 1.00m in hole CS-21-48. At Graal, CCW is continuing tohit multiple intersections of massive sulphides with promisinghand-held XRF results up to 2.79% Ni and 25.68%Cu with assays pending.
2022 Outlook
Property Overviews
- Castle East, - Gowganda, Ontario(Figure 1):
- Finish the remainder of the 60,000m drillprogram.
- Complete and publish the updated resource estimatescheduled for Q1 2022.
- Sample stamp mill tailings at the Castle Mine and sendto TTL for testing using gravity pilot plant.
- Review GoldSpot AI targets with technicalstaff.
- Plan exploration between the Castle Mine and CastleEast areas, as well as greenfield exploration around surrounding areasthat have limited data.
- Eby-Otto - Kirkland Lake, Ontario(Figure 2):
- Preliminary field mapping, further channel sampling,and prospecting.
- Build exploration program for the 2022 field seasonincluding an MMI sampling program.
- Drill high-value targets based on existing fieldmapping and 2022 field season results.
- Graal - Lac St-Jean, Quebec (Figure3):
- Complete 1,700m of drilling in the MHY zone extensionand geophysical gravity anomaly to the southeast of the MHY sector.
- Borehole EM geophysics survey to quantify potentialthickness around the sulphide intersections encountered indrilling.
- Ground EM survey (SQUID) to identify conductive zonesto create high-value targets at depth.
- Henry Lake - Sudbury, Ontario (Figure4):
- Undergo further geophysical interpretation and databasecompilation to provide high-quality recommendations for fieldworkand/or preliminary diamond drilling.
- TTL Re2OX:
- Install gravity pilot plant at TTL in Cobalt, Ontario.
- Test high-grade stamp mill tailings from the BeaverMine and the Castle Mine once the commissioning of the gravity pilotplant is complete.
- Core Processing Facility:
- A planned expansion of the core yard and chain linkfencing surrounding the property to allow for increased capacity,security, and core/equipment storage. To make room for company growth,one of the buildings will be renovated to allow for office spaces andincreased personnel capacity.
2021 Year in Review
Property Overviews
- https://money.tmx.com/en/quote…_Outlook_and_2021_Summary CastleEast - Gowganda, Ontario (Figure 1):
- Completed 34,832.1m of surface exploration diamonddrilling.
- Continued drill program that started in 2020 whichidentified 7 new structures in addition to the existing Robinson Zone,with the grades from 2021 reaching up to 30,416.91 g/t silver and2.24% cobalt over 0.42m in hole CS-21-61.
- Initiated environmental baseline study data collectionin February 2021.
- Started the permitting process inthe fall of 2021 for the planned ramp.
- Engaged GoldSpot to aid our technical staff and produceAI based drill targets.
- Completed downhole geophysics to assist with geologicinterpretation.
- Eby-Otto - Kirkland Lake, Ontario(Figure 2):
- Acquired 810 hectares of prospective land near KirklandLake Gold’s Macassa Mine that is adjacent to the LarderLake-Cadillac Break, with select claims being already permitted fordiamond drilling, geophysics, and line-cutting.
- Completed preliminary channel sampling and prospectingwhich will guide the 2022 field season and future drill planning.
- Graal - Lac St-Jean, Quebec (Figure3): https://money.tmx.com/en/quote…_Outlook_and_2021_Summary
- Expanded the claim package by acquiring 888.56 hectaresof land for a grand total of 6,113 hectares creating a 6km mineralizedstrike length with near-surface copper, nickel, and cobalt.
- Completed a strategic airborne gravimetric and magneticsurvey on select areas within the claim package.
- Completed 7,771.3 meters of diamond drilling targetinggeophysical anomalies.
- Intercepted massive sulphide in 20 out of 21 diamonddrill holes with XRF results up to 2.79% Ni and 25.68% Cu with assayspending.
- CCW also owns an additional 25,088 hectares for a totalof 31,201 hectares of EV properties across Quebec.
- Henry Lake - Sudbury, Ontario (Figure4):
- Completed an airborne gravimetric and magnetic surveyon a 4,468-hectare claim package that is located east of the SudburyBasin.
- TTL Re2OX:
- Using the Re-2Ox process, the Company successfullyleached rubidium from the EV battery metal discovery at Granada GoldMines.
- CCW launched a website dedicatedto the Re-2Ox process: https://re-2ox.com/
- Core Processing Facility
- An industrial-zoned property near the town of Cobalt,Ontario was leased for core processing. This property will act as theCompany’s central hub for all the Company’s Ontario and Quebecoperations. The location allows for easytransportation of core, samples, and distribution of staff to projectsacross Ontario and Quebec.
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