Canada Silver Cobalt Works’ Robinson Zone silver-cobalt potential increases and the Re-2Ox process expanded to other uses, including the rare earths
Canada Silver Cobalt Works Inc. (TSXV: CCW | OTCQB: CCWOF) (“Canada Silver Cobalt”) is focused on silver, cobalt, gold and EV metals (nickel, copper) exploration. The Company has already discovered 7.56 million Inferred ounces of contained silver from the Robinsons Zone at their Castle Property, located in the Northern Ontario Silver-Cobalt Camp region of Canada.
Canada Silver Cobalt strikes more high grade silver
On April 26, Canada Silver Cobalt announced a drill result with very high-grade silver of 51,612 g/t over 0.41m from 561.73 – 562.44m, within 60 metres of the Robinson Zone Discovery hole CA-1108. Canada Silver Cobalt stated: “The potential of the Robinson Zone has significantly increased with the development of this second, distinct, high-grade silver vein. With follow-up drilling, the existing resource panels……will be expanded.”
Canada Silver Cobalt’s current resource is already an impressive Inferred Resource of 7,560,200 oz of silver@ 8,582 g/t (250.2 oz/ton) at the Castle Property (Castle East, includes the Robinson Zone A&B)
Furthermore, Canada Silver Cobalt President, Matt Halliday, commented: “Vein 2, or ‘Big Silver’, is evolving significantly with the ongoing wedge drilling and is shaping up to be even nicer than Vein 1, or ‘Robinson Vein’. Further drilling is expected to continue to enlarge this zone”.
The most recent discovery announced on May 25 was another significant silver intercept grading 2,208 g/t silver (64.4 oz/ton) over 0.45 m at a downhole depth of 548.43 meters.
Canada Silver Cobalt’s Castle East discovery including the high silver grade Robinson Zone within the Castle Property, Gowganda Camp, Ontario, Canada
Source: Company presentation
Re-2Ox process and flotation tests for silver and other battery metals production, and recycling
Canada Silver Cobalt has already successfully produced pilot scale silver and battery grade cobalt sulphate from their Castle Hill Property and is now working on doing the same from tailings from the Cobalt camp and using secondary feeds from spent batteries, all using their patented Re-2Ox process. This adds an additional potential layer of supply to feed their processing facility. Results of the recent Beaver Tailings bench scale flotation tests have so far been positive, as you can view here.
Canada Silver Cobalt has already acquired a facility for metals processing in the town of Cobalt and in Q4 2019 successfully poured 3 silver bars from Castle Mine waste material.
Canada Silver Cobalt’s Re-2Ox hydrometallurgical extraction process is suitable for battery metals and other minerals. According to the Company: “The proprietary, closed-loop process has been used to produce cobalt sulphate to EV battery industry specifications and is currently being tested for battery recycling and rare earths, with design/construction of a pilot plant underway.”
Advancing towards deeper exploration and ultimately production at the Castle Property
Canada Silver Cobalt is also currently advancing the permitting process for an underground ramp construction in 2021 for the Robinson Zone on the Castle Property. The purpose of this is to better access deeper exploration and ultimately production.
Other properties – Searching for EV metals
Canada Silver Cobalt Works has secured 689 claims covering 38,129.4 hectares of prosperous ground in Quebec, Canada. The Company has budgeted $2.2 million of exploration for these properties this year. Geophysical airborne surveys have been completed and a drill program has been scheduled on the B2 property for the second quarter this year. Early exploration has shown positive indicators for copper and nickel. You can read more here.
Canada Silver Cobalt Works is making great progress in two directions – exploration and small scale processing. This means investors can buy into a company that offers potential exploration upside for precious metals (silver, perhaps gold and EV metals such as cobalt, nickel & copper) as well as potential to expand in the area of minerals processing (including perhaps one day battery recycling or rare earths processing).
Canada Silver Cobalt Works trades on a market cap of C$55 million and is looking more and more interesting every day.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>