Canada Silver Cobalt Works CEO Frank Basa joined Steve Darling from Proactive with an update on the spin-out of the Graal property in Quebec into a company called Coniagas Battery Metals. That update included new data from its Phase 2 drill program that has showed visual estimates of up to 29.90 meters of massive and semi-massive sulphides near the surface. Basa told Proactive the Board of Directors has approved the spin-out, and 37% of the shares of Coniagas will be distributed to the shareholders of Canada Silver Cobalt. Basa also told Proactive more about the strong results from concentrate of Castle Mine Waste rock which showed 11% cobalt and 4% nickel. Basa also told Proactive the company has finalized and signed an option agreement to acquire a large lithium-cesium-tantalum pegmatite land package near Power Metals Case Lake Project.
Canada Silver Cobalt Works provides update of Graal Property in Quebec