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Canada Silver Cobalt Intercepts up to 29.90 Meters of Massive and Semi-Massive Sulphides near Surface During Phase 2 of Drilling at Graal
The near-surface mineralization has been intercepted as shallow as 50.50m downhole. Coquitlam, B...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Intercepts up to 29.90 Meters of Massive and Semi-Massive Sulphides near Surface During Phase 2 of Drilling at GraalThe near-surface mineralization has been intercepted as shallow as 50.50m downhole.Coquitlam, British Columbia--(Newsfile Corp. - February 16, 2023) - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the \"Company\" or \"Canada Silver Cobalt\") is pleased to announce that it has received data from its Phase 2 drill program at Graal showing a visual estimate of up to 29.90 meters of massive and semi-massive sulphides near the surface.The assay results have been received and are currently being compiled and will be reported after they are reviewed and verified by the geological team and Qualified Person. The Company has decided to disclose the discovery at this time (with core photos) prior to assay results because near-surface massive sulphide zones of such length may be considered material under securities regulations. The Company completed 7,036m of diamond drilling as part of Phase 2 Graal (see news release June 13, 2022) for a total of 16,794.60m of drilling during the 2021-2022 drilling campaign. The drills were shut down to compile and analyze the results after the completion of Phase 2. The two most important intersections discovered in the latest phase of drilling are from drill hole GRL-22-60 and GRL-22-61 which finished at 101.00m and 93.00m respectively. The logging geologists noted the following: Drilling Highlights Visual Estimates of GRL-22-60 (See Figure 1 & 2):From 50.50 to 80.40m there was recorded massive and semi-massive sulphides containing 50% pyrrhotite and approximately 1.6% chalcopyrite over the combined 29.90m interval. Visual Estimates of GRL-22-61 (See Figure 3 & 4):From 62.10 to 77.80m there was recorded massive and semi-massive sulphides containing 40% pyrrhotite and approximately 1.4% chalcopyrite over the combined 15.70m interval. Both holes were targeting shallow, high-conductance geophysical anomalies identified by the FL-TDEM survey earlier in 2022. This anomaly was interpreted to be 1,700m long in the North-South direction and 850m wide in the East-West direction (see news release April 19, 2022). The core photos of the massive sulphides from the drillholes are shown below in Figures 1 through Figures 4. The 6,113-hectare Graal pr...