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Canada Silver Cobalt Plans to Apply for Recovery Permit
(TheNewswire) Coquitlam, BC – TheNewswire - May 30, 2023 - Canada Silver Cob...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Plans to Apply for Recovery Permit\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire -\n \n \n May 30, 2023 - Canada Silver Cobalt Works Inc.\n(TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or\n“Canada Silver Cobalt”) announces that the Company is pleased that\nthe Ontario Legislature has approved Bill 71 containing changes to the\nOntario Mining Act which marks the way for regulations of the recovery\npermit. The recovery permit will be a streamlined method to reprocess\nhistoric mine wastes like the Beaver Mine and Castle Mine stamp mill\ntailings.\n \n \n \n \n “We are excited that Bill 71 is approved and will\nlead to new developments in regulation in Ontario including the\nmineral recovery permit. This should enable us to process tailings\nlike those at the Beaver Mine in a cost effective and timely manner\nand could lead to new opportunities that previously had unneeded\nhurdles. Not only will this allow companies like Canada Silver Cobalt\nto turn historic hazards into profits but gives us the opportunity to\nclean out deleterious elements from the environment, and restacking or\ndisposing of tailings in a cleaner more stable fashion,” said Matt\nHalliday, P.Geo. President of Canada Silver Cobalt Works Inc.\n \n \n \n \n Potential Sites for Application of\nRecovery Permit:\n \n \n \n \n Beaver Mine Tailings\n \n \n \n \n Canada Silver Cobalt Works completed 127 sonic holes\nfor 354 meters recovered at the Beaver Mine and 378 samples were\nassayed for silver, cobalt, nickel and copper. The grade for tailings\nwas high with silver assays ranging from 13.7 to 314 grams per tonne.\n \n \n \n See news release from February 5,\n2021,\n \n \n \n \n \n Castle Mine Tailings\n \n \n \n \n SGS Lakefield produced a gravity concentrate from the\nCastle Mine tailings grading 389 g/t silver. 0.63 g/t gold and 0.20%\ncobalt.\n \n \n \n See news release from March 1,\n2019.\n \n \n \n \n \n According to Ontario’s\n \n \n \n Critical Minerals\nStrategy\n \n \n \n \n ,\n \n \n \n the government is encouraging mineral recovery from mining\nwaste. Mining is becoming cleaner through new technology that reduces\nenvironmental impacts. To facilitate mineral rec...