Frank Basa on Canada Cobalt Works’ high grade numbers for cobalt, silver and nickel
“The original hole we drilled was in 2008. Lots of silver, lots of cobalt, lots of nickel. Late last year we decided to put a downhole camera… It gave us the orientation of the structure. We went down the same hole and wedged it and we hit two wedges. One was 50,000 grams per ton silver and the other was 70,000 grams per ton silver plus very high grade numbers for cobalt and very high numbers for nickel.” States Frank Basa, President, CEO and Director of Canada Cobalt Works Inc. (TSXV: CCW | OTCQB: CCWOF), in an interview with InvestorIntel’s Tracy Weslosky.
Frank went on to say that in the small area that Canada Cobalt has drilled the company has hit 1.2 million ounces silver in addition to significant amount of cobalt and nickel. He continued, “Cobalt is the new oil going forward. Without cobalt none of the batteries really work well. People try to replace cobalt, they try to lower cobalt grade, they are putting some nickle, some managanese but the reality is, more cobalt, more range, the better quality vehicle you have.”
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Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>