Canada Silver Cobalt Works Inc has told investors that a 3,000 metre (m) drill program has kicked off at its Graal-Nourricier-Lac Suzanne property, part of the company's early-stage exploration in northern Québec.
The drill program, using two rigs, is being managed by Laurentia Exploration in association with GoldMinds Geoservices Inc.
Graal-Nourricier-Lac Suzanne is one of 15 properties on 689 claims covering over 38,000 hectares, which are prospective for battery metals nickel, copper, and cobalt, and which the firm is evaluating.
"The company has existing drill permits for most of the proposed drill hole set-ups, which will allow testing of the Bouguer (geophysical) anomalies contained within the Graal-Nourricier-Lac Suzanne property," Canada Silver Cobalt said.
"This promising anomaly has not been fully explored. It is one of the five properties included in the company’s geophysical airborne surveys conducted earlier this year and it is regarded as geologically one of the most promising in the short term," the company added.
Canada Silver Cobalt said it wanted to identify significant amounts of nickel-copper-sulphide mineralization at the base of the magmatic chamber.
Canada Silver Cobalt’s flagship Castle property is 15 kilometres (km) east of Aris Gold Corp’s Juby gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
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