Canada Silver Cobalt Works Inc has reported positive drill results from its Graal property in the Lac St-Jean region of Quebec, which it said confirmed the presence of battery metals mineralization.
The resource firm noted that the assays, from the first three diamond holes of an ongoing program, hit 'strong' nickel, copper and cobalt mineralization as well as low-grade platinum and palladium.
The 6,113 hectare (Ha) Graal asset is one of 14 properties recently acquired by the firm in Quebec, which cover 31,201 Ha in all and are prospective for electric vehicle (EV) battery metals.
"Graal has been an exciting property for our geological team from the time we hit massive sulphides in the first few holes," Matt Halliday, president, chief operating officer (COO) and vice-president of exploration at Canada Silver Cobalt said in a statement
"As we drilled more holes, we discovered even wider intervals of sulphides. We're very much looking forward to the assays from the remaining 18 holes that are still not reported and continuing with exploration at this deposit," he added.
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"With Graal and the other prospective properties we have in Quebec and Ontario, the company is well-positioned for the continued discovery of battery metals, and when combined with our 'green' Re-2Ox extraction process, to be a fully integrated, environmentally compliant supplier of critical metals and value-added battery metals to the North American market," Haliday said.
Drill assay highlights included a length of 0.50 metres (m) in one hole from 136.4m depth, which hit 2.08% nickel, 0.88% copper, 0.03% cobalt, 0.41 grams per ton (g/t) platinum and 0.22 g/t palladium. An intercept in another hole hit 0.60m from 143.4m depth at 3.75% copper and 0.10% nickel.
Massive sulphides were found in 20 of 21 holes at Graal and 7,772.3m have been drilled to date. Assays are pending for another 18 holes.
Another 1,700m of drilling is planned at Graal along with borehole EM geophysics to quantify potential thickness around the sulphide intersections and a ground electro-magnetic (EM) survey (SQUID) to identify conductive zones to create high-value targets at depth, the company noted.
Contact the writer at giles@proactiveinvestors.com