Canada Silver Cobalt Works Inc. (TSX-V:CCW) has reported further high-grade silver at the Castle East property, expanding the deposit with intercepts from the 17M and 50 West zones.
Assay results from the zones returned up to 5,889.59 grams per ton (g/t) silver as well as 73.8 g/t gold equivalent ounces, according to a statement.
The results will be included in an upcoming resource update planned by the end of the first quarter of 2022.
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17M Zone grades include 5,887.59 g/t silver and 0.17% cobalt over 0.53 metres (m) in hole CS-21-54W1, as well as 811.06 g/t silver over 0.53m in hole CS-21-73, Canada Silver Cobalt told investors.
And at the 50 West Zone, grades include 975.57 g/t silver over 0.72m and 852.23 g/t silver over 0.65m, both from hole CS-21-72. The intercepts are located around 150m from the intercept in discovery hole CS-21-50 that graded 2,208 g/t silver over 0.44m.
Canada Silver Cobalt said that additional drilling is needed to confirm whether this is an extension to the 50 West or a new structure.
“This is very exciting especially as we inch closer to our resource update expected by the end of 1Q 2022,” COO Matt Halliday said in a statement.
“These new zones add significant value to the property and contribute to the attractiveness of the planned ramp and PEA (preliminary economic assessment). Our Gowganda assets are growing, and we are getting ready to discover more deposits on our broad property package."
The Castle property is located near the town of Gowganda in Ontario, Canada.
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