Canada Silver Cobalt Works Inc (TSX-V:CCW, OTCQB:CCWOF) (CCW) has announced the expansion of its airborne geophysical survey program to include the St Denis and Sangster lithium project located in the Cochrane District of northern Ontario.
The precious metal and battery metals properties developer said the survey is an important step in collecting “robust” data about the underexplored lithium prospect where the company intends to follow up with field work this summer.
CCW also noted that it completed a helicopter Multi-Parameter Airborne Survey System (M-PASS) at the silver-cobalt Castle property in the week of June 25, 2023, and then proceeded to also complete the survey at the prospective lithium Sangster Block.
“We’re excited to have the airborne survey completed at Castle and Sangster since it will provide important geophysical data that we need for the ALS GoldSpot’s AI and machine learning drill targeting aimed at unlocking the extensive mineralization potential of these properties,” Canada Silver Cobalt Works president Matt Halliday said in a statement.
“The pegmatite-rich properties are in a region that has typically been underexplored and represent attractive greenfield projects with significant lithium-cesium-tantalum (LCT) exploration potential,” he added.
CCW stated that the St Denis Block survey is on hold for now due to forest fires and will be flown as soon as it is safe to return to the site.
The 26,373-hectare St Denis and Sangster project is one of the largest land holdings in the emerging Case Lake LCT pegmatite district of northeastern Ontario, according to the company.
CCW added that the airborne survey around the Castle Mine covered a total area of 32.8 square kilometers, leveraging “cutting-edge technology” developed by ALS GoldSpot, including a triaxial magnetic gradient magnetic/VLF platform, a 2048 channel radiometric sensor, high-precision LiDAR sensor, and high-resolution cameras that optimizes exploration workflows by employing computational methods like multivariate analysis and machine learning.
Canada Silver Cobalt recently discovered a major high-grade silver vein system at Castle East located 1.5 kilometres from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of northern Ontario.
The company has completed a 60,000 metre drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
Contact Sean at sean@proactiveinvestors.com