Canada Silver Cobalt Works hits high-grade silver with drilling at second vein at Robinson Zone project

Canada Silver Cobalt Works hits high-grade silver with drilling at second vein at Robinson Zone project

Proactive Investors

Published

Canada Silver Cobalt Works Inc (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) has reported high-grade drill results from its Robinson Zone project Gowganda, Ontario, which has underlined the potential to expand mineralization there.  The latest wedge hole hit an impressive 51,612 grams per ton (g/t) silver at the second vein (Vein 2) over a length of 0.41 meter (m), which was sunk within 60m of the so-called Robinson Zone Discovery hole.  The latter hole hit the highest-grade silver to date at Robinson Zone, at 89,853 g/t silver over a true width of 5 to 7cm.  READ: Canada Silver Cobalt Works completes geophysical airborne surveys on five Quebec properties; plans drill program "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," said Matt Halliday, the President of Canada Silver Cobalt. The company told investors that this "new high-grade vein panel" was being expanded using wedge drilling.  "Additional assays and expanded panel size will be updated as results become available. The potential of the Robinson Zone has significantly increased with the development of this second, distinct, high-grade silver vein." In 2020, a maiden resource estimate identified zones 1A and 1B of the Robinson Zone had an average silver grade of 8,582 g/t in a combined 27,400 tonnes of material for a total of 7.56 million inferred ounces of silver using a cut-off grade of 258 g/t silver-equivalent. The Robinson Zone project is wholly-owned by the company and lies in its Castle property, 15km east of Aris Gold Corp's Juby gold deposit, 30km due south of Alamos Gold's Young-Davidson mine, 75km southwest of Kirkland Lake Gold's Macassa Complex, and 100km southeast of new gold discoveries in the Timmins West area. Contact the author at giles@proactiveinvestors.com

Full Article