Canada Silver Cobalt Works Inc (TSX-V:CCW, OTCQB:CCWOF) announced that it has completed re-processing waste rock material for battery minerals from its Castle Mine in Gowganda, Ontario, with assays revealing up to 11.8% cobalt and 4.4% nickel content.
The assays were performed on two separate size classes of the same mineralized material in line with the silver assays, and were closer together on all size classes indicating there is no native metal effect on the battery metals, Canada Silver Cobalt said.
“Re-processing the mine waste rock limits the amount of soluble metals entering the water and into the surrounding watershed, thereby contributing to the global green incentives, reinforcing our ESG commitments,” Canada Silver Cobalt CEO Frank said in a statement.
READ: Canada Silver Cobalt Works sees extensions of potential mineralized vein material to recover precious metals and battery metals at Castle Mine
Highlights of waste rock re-processing for electric vehicle (EV) metals:
- In addition to recovering silver, cobalt and nickel were recovered in the same gravity concentration step from the Castle Mine waste rock;
- EV metals are recovered as a by-product with silver being the primary metal and paying all processing costs. Ores in the Cobalt Camp can compete on a global scale regardless of price fluctuations due to their grades and association with precious metals; and
- The re-2Ox process will be used to produce EV salts for the battery market to meet client-specific requirements.
The company said the gravity concentrates will be sent to SGS Lakefield for further upgrading by flotation to see if there will be an increase in concentrate grades before subjecting the final concentrate to its Re-2Ox process to produce EV battery salts.
Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. Its flagship Castle Mine and Castle property near Gowganda in northern Ontario features strong exploration upside for silver, cobalt, nickel, gold, and copper.
Contact the author at stephen.gunnion@proactiveinvestors.com