Canada Cobalt Works Inc. (TSXV:CCW) (Frankfurt: 4T9B) (the “Company” or “Canada Cobalt”) is pleased to announce high-grade cobalt assays from selected composite sampling of waste rock material removed from the first level of the Castle mine during rehab as the company launches its maiden underground drill program.
Highlights:
- Five composite samples ranged from 1.05% to 5.2% cobalt, averaging 2.3% cobalt
- Silver values ranged from 167 g/tonne to 240 g/t while one sample returned 10.1 g/t gold
- These samples will form part of a 500 kg composite sample that will be put through the Company’s proprietary Re-2OX process to create a cobalt concentrate followed by a cobalt sulfate and/or cobalt hybrid formulations for evaluation by battery sector clients in China
Frank Basa, Canada Cobalt President and CEO, commented: “We look forward to putting this latest mineralized material through our environmentally green Re-2OX process which has shown exceptionally high recovery rates and 99% removal of arsenic (see May 31, 2018 news release).
“Needless to say, our team is tremendously excited as we now launch the first-ever underground drill program at the Castle mine specifically targeting cobalt that was left behind by previous operators going back to the early 1900’s. We’re showing how cobalt works in Canada and we look forward to updating shareholders throughout our drill program,” Basa concluded.
|
Sample #
|
Cobalt %
|
Silver g/t
|
Gold g/t
|
Nickel %
|
|
11501
|
1.05
|
171.5
|
0.15
|
0.24
|
|
11502
|
2.39
|
141.3
|
0.39
|
0.41
|
|
11503
|
1.68
|
239.8
|
0.13
|
0.29
|
|
11504
|
5.19
|
202.0
|
0.36
|
0.93
|
|
11505
|
1.26
|
167.0
|
10.13
|
1.03
|
Canada Cobalt cautions that samples are selective and not necessarily representative of mineralization underground at the Castle mine.
Qualified Person
The technical information in this news release was prepared under the supervision of Fr