Eyeing Off EV Market Opportunity
Canada Silver Cobalt Works Inc. (TSXV: CCW) has intersected visually high-grade silver in a wedge hole at the Castle Property in Northern Ontario.
President, Matt Halliday, said the new wedge hole has confired the extension of the high-grade silver mineralisation in this vein, with the vein remaining open in all directions.
Notably, a previously discovered 17-metre vein zone has again been intersected with several of the variably mineralised veins widening up in the wedge interval.
“We have had continued success of intersecting high-grade silver mineralisation in the area gives us a better understanding of the developing geological model,” Mr Haliday said.
“Numerous other silver-cobalt mineralized veins were also intersected in this wedge hole. With two drills turning and wedging ongoing, the team on the ground continues to efficiently advance on schedule.”
CEO, Frank Basa, said that with silver and cobalt mineralisation in the same vein structures, Canada Silver Cobalt Works is uniquely positioned in the electric vehicle marketplace.
“Silver is becoming the new energy metal. Samsung recently revealed in an article that they developed a solid-state electric vehicle battery with 500-mile range and a life cycle of 1000 recharges. That’s a vehicle with a battery that lasts 500,000 miles. Better than any other Lithium-ion battery on the market today.”
The Castle Property is 15 km east of Pan American Silver’s Juby gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.