Canada Silver Cobalt Works Inc (CVE:CCW) (OTCMKTS:CCWOF) said an induced polarization (IP) study was conducted on the newly discovered, visually high-grade silver vein hit in a hole at its Robinson Zone at its Castle mine property, Ontario.
The holes used for the study, carried out this month, contained zones of cobalt and silver veining and the work produced testable results that are being investigated by wedge drilling now underway, said the firm.
READ: Canada Silver Cobalt Works finds more high-grade silver at its Castle property in Ontario
"The company is taking full advantage of new geophysical techniques while maximizing the utility of existing technologies. As the technical team continues to advance and better understand this deposit model, we will have a comprehensive toolbox to facilitate the generation of the best possible targets," said Matt Halliday, president of Canada Silver Cobalt Works.
"New IP techniques will be part of this toolbox that will also include advanced cameras, structural technology including oriented core and directional drilling, and various geochemistry techniques."
The company is working in the cobalt camp in the Gowganda district of northern Ontario. Its 78 square kilometre (sq km) Castle property lies 15km east of Pan American Silver's (NASDAQ:PAAS) Juby gold deposit and 30km due south of Alamos Gold's Young-Davidson mine.
It is also 75km southwest of Kirkland Lake Gold's (TSE:KL) Macassa Complex, and 100km southeast of new gold discoveries in the Timmins West area.
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