Canada Silver Cobalt Works Inc. (TSX-V:CCW) said it has commenced a follow-up drill program at its Graal nickel-copper-cobalt property in the Lac St-Jean region of Quebec.
The exploration company said the minimum 5,000-metre (m) drill program, conducted by Laurentia Exploration Services, is aimed at testing the geophysical anomalies characterized by high conductance that was highlighted during a recent FL-TDEM (time-domain electromagnetic) geophysical survey.
The objective is to verify the continuity and the extent of the nickel-copper-cobalt mineralization and search for the zones with increased thickness.
"Our geological team is quite excited to resume drilling at Graal,” Matt Halliday, the company’s president, chief operating officer and vice president for exploration said in a statement. “Almost every drill hole so far has encountered disseminated to massive sulphides with strong nickel, copper, and cobalt mineralization.”
READ: Canada Silver Cobalt says survey at Graal property in Quebec supports potential for growth
Previous diamond drilling along with geophysical surveys at Graal identified several disseminated to massive sulphide zones with varying thicknesses up to 13.1m containing significant grades of nickel and copper and in addition lesser amounts of cobalt, platinum, and palladium, the company said. Drilling was paused earlier this year to allow for the reception of pending assay data and the completion of the geophysical survey.
“What we have already discovered at the property suggests that it has the potential to become an important part of the North American battery metals supply corridor,” Halliday added. “The current drill program will give particular attention to the geophysical survey's discovery of a large 1.7 kilometre by 850m anomaly characterized by high conductance which we will be testing with the drill bit.”
At Graal, the company said the geophysical survey program identified 9,475m of drilling targets in two levels of priority where an initial 5,070m were identified as a priority. The initial drilling will focus on near-surface mineralization. The larger target indicated by the geophysical survey will be drilled at a later stage.
In addition to the drilling, Canada Silver Cobalt announced that it has engaged Archeo-Mamu under the direction of Jean-Simon Labbé to complete a field investigation on the property after a desktop study identified potential zones which could have the presence of artefacts.
The company said it will be pleased to provide the results of this independent investigation to the Pessamit Innu Council and other government entities at request.
Canada Silver Cobalt Works is an exploration, development, technology, and environment leader in the prolific Northern Ontario silver-cobalt district.
Contact the author at stephen.gunnion@proactiveinvestors.com