![]() ![]() This could positively affect the economics of the deposit if such a relationship can be defined. If something closer to surface is discovered and delineated, it could assist in offsetting the capital cost of infrastructure required to access the existing silver resource. The significance of these intercepts is that Castle East is no longer simply a silver-cobalt type deposit, but it adds a third, very critical element - gold. Intercepts from the 2019 underground drill near the Castle Mine Adit entrance include up to 14.49 g/t Au over 0.90m from 2.40 to 3.30m including 22.70 g/t Au over 0.30m from 3.30-3.60m in hole C-U-19-016, and 10.75 g/t Au over 0.33m from 0.67 to 1.00m in hole C-U-19-005. Intercepts from the 2014 channel sampling program (all at surface) include 3.77 g/t Au over 0.59m in sample L42138, 1.16 g/t Au over 0.78m in L42133, and 1.25 g/t Au over 0.81m in L42049. In addition, the Company has not only discovered gold mineralization in the Nipissing Diabase, where most of the silver-cobalt veins occur, but also in the Archean Lithologies above the diabase sill. Using the January 13, 2023, close price of gold and silver, the contained gold value of these bars would be 2-4 times the contained silver value in USD." The intercepts published in this news release support this statement and prove that there is gold mineralization in the Gowganda area. ![]() The gold values in the silver dore bar produced when the historic mines were in production accounted for 3 to 5 percent of the total 1,000 ounces by weight. Basa, B.Eng., P.Eng., CEO commented, "Historically, gold has been directly associated with silver in the Cobalt Camp. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") releases gold assay results from its 60,000-metre 2020-2022 drill program and reviews the Company's gold data from the 2011-2019 surface drill and 2014 channel sample programs at Castle East, as well as the underground drill program at its Castle Mine from 2019.įrank J. January 17, 2023) - Canada Silver Cobalt Works Inc. Coquitlam, British Columbia-(Newsfile Corp. ![]()
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