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Canada Silver Cobalt Reports Promising 6.07 g/t Gold During Prospecting Near Miller Lake at Castle
Through prospecting, stripping and new geophysics, CCW is poised to find additional targets for u...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Reports Promising 6.07 g/t Gold During Prospecting Near Miller Lake at CastleThrough prospecting, stripping and new geophysics, CCW is poised to find additional targets for unlocking mineralization potential.Coquitlam, British Columbia--(Newsfile Corp. - July 5, 2023) - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the \"Company\" or \"Canada Silver Cobalt\") is pleased to report assay results from samples collected during prospecting in the Miller Lake area at the Castle Mine property near Gowganda, Ontario, including a selected grab sample which assayed 6.07 grams per tonne gold (Au) picked up at the surface.A quick prospecting trip northwest of Miller Lake in June while our stripping operation is on hiatus has delivered the following results:Selected grab sample FW000357 contains 6.07 g/t Au. The sample is of a rusty orange and white weathering, pervasively altered (iron carbonate, quartz, albite) intrusive rock hosting 5% fine-grained pyrite and minor quartz veining and stringers. The sample was collected 165 meters west of the north shore of Miller Lake, and 250 meters southwest of historic outcrop stripping and channel sampling (2014 and 2015) which also yielded gold in assay results (see NI 43-101 Technical Report Update for Castle East, Ontario, Canada, May 2021); Several additional samples with gold grades ranging between 0.10 to 0.28 g/t Au (FW000358, FW000359, and FW000360). These samples are similarly described as rusty, bleached, and altered, hosting pyrite and quartz stringers. These samples were collected 80 meters west of the north shore of Miller Lake. \"This is both surprising and significant for us. Silver and cobalt veins were typically found at the surface at Castle and elsewhere in the broader Cobalt Camp but it has been rare to find gold at the surface and with such a high grade, but it makes sense with the geological context of the Archean basement here in the Abitibi,\" said Matthew Halliday, P.Geo., President and COO. \"We regard this surface sample of high-grade gold as a breakthrough in our efforts aimed at unlocking the full mineralization potential at Castle, and it provides compelling support for the extension of the stripping operations we are planning just to the north of it,\" Mr. Halliday added.Previous reports of gold at the Castle Mine property w...