Canada Silver Cobalt Works (TSXV: CCW; OTC: CCWOF) has drilled two new high grade vein structures at Castle East in northern Ontario’s Cobalt camp. Three new intercepts with silver grades as high as 30,416 g/t over 0.4 metre (425.94 g/t gold-equivalent).
The results came from new veins, separate from both the Robinson zone and Big Silver vein at Castle East.
"We continue to have excellent results from the 60,000-metre drill program at Castle East, with 40,000 metres completed to date," said president and COO Matt Halliday in a release. "There are now a total of eight distinct high grade veins to be included in the Q1 2022 resource update."
The bonanza 30,416 g/t silver and 425.94 g/t gold-equivalent grade came from Hole CS-21-61. This new vein is located 35 metres south from the Robinson zone discovery hole and 60 metres west of the Big Silver discovery hole.
The first intercept in hole CS-21-65 returned 7,328.47 g/t silver (102.62 g/t gold-equivalent) over 0.4 metre. This intercept is located 230 metres below the surface, 70 metres to the south and 220 metres above the Robinson zone.
The company says this is the closest high-grade intercept to surface it has hit yet and that it it is located within Archean lithologies.
The second intercept in hole CS-21-65 returned (26.37 g/t gold-equivalent) over 0.4 metre at a downhole depth of about 421 metres.
Canada Silver Cobalt most recent published resource for the Castle project pegged inferred resources at 32.9 million tonnes grading 7,149 g/t silver and 2,537 g/t cobalt for 7.6 million oz. of silver.
Additional information about the Castle silver project is posted on www.CanadaSilverCobaltWorks.com.