Canada Silver Cobalt Works Inc. (TSX-V:CCW) has updated on its initial exploration work at five properties with the potential for electric vehicle battery metals in Quebec, including grassroots exploration on four properties located on the North Shore of the St. Lawrence River.
"This has been quite an energetic year for Canada Silver Cobalt, filled with activities at five other battery metals properties besides our flagship Graal property in Quebec and at the Castle silver-cobalt and Eby-Otto gold properties in Ontario," said Matthew Halliday, Canada Cobalt Silver president and chief operating officer in a statement.
"We are proud of our technical team for accomplishing so much this year. We plan to keep the momentum going and can't wait to show you the results of our exploration work as we receive them and our progress in other exciting developments for our company," he added.
The four properties were Grande Portage, LPM-LPMN, Boudrias (North and South) and B30 Shear. The technical team used existing logging roads and walking trails, and activities included access reconnaissance, prospecting favorable rock types, and using the Beep Mat - an exploration tool that enhances geological mapping and prospecting activities by detecting magnetic and conductive bedrock underneath the location that it traverses - to locate conductors, the company said.
READ: Canada Silver Cobalt Works begins field work component of Phase 1 exploration at Eby-Otto gold property
On select properties where conductive rock was identified, channel samples were taken with a rock saw. The team collected 35 samples which have been sent to a laboratory and assay results will be disclosed once received and validated.
At the fifth property - Lowney-Lac Edouard - located in central Quebec, east of La Tuque, a helicopter VTEM survey was completed. The preliminary maps of the survey have been provided and the company is awaiting the final report. Five anomalies have been identified with the VTEM System B-Field Z-data profiles map. The company plans to follow up on the results of the geophysical survey once the data has been reviewed.
Canada Silver Cobalt owns 14 battery metals properties in Quebec totalling 31,201 hectares.
Canada Silver Cobalt Works recently discovered a major high-grade silver vein system at Castle East located 1.5 kilometres from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The company has completed a 60,000 metre drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
Contact the author at jon.hopkins@proactiveinvestors.com