Markets

Canada Silver Cobalt: Robinson Silver Mineralization Expanded by 500%! < CA1348521024>

The silver explorer is currently presenting promising news Canada Silver Cobalt Works (TSXV CCW / FWB 4T9B). In fact, with the first phase of a 50,000 meter drill program, the company was able to expand mineralization in the high-grade Robinson Zone, part of the Castle Silver Project, by as much as 500%!

In detail, Canada Silver expanded the target zone of the exploration with these first 9,000 meters of drilling by 135 meters in an east-west direction, by up to 100 meters in a north-south direction and up to 256 meters vertically in depth, which is a 500% expansion of the known zone of mineralization results.

Several new ore veins discovered

The company also discovered four new mineralized veins during these drilling. In drill hole CS-20-28, 75 meters above the original intersection of the Robinson Zone at which Canada Silver encountered an incredible 40,944 g / t silver, an entirely new vein with a silver content of 347 g / t was found at 347 meters discovered at 0.4 meters!

Also optimistic for Canada Silver are the numerous large carbonate veins that have been drilled at depth indicating a distinct “piping system” towards the Robinson Zone and Castle East. The silver mineralization of these additional veins is sufficiently high, according to the Company, to warrant a more focused exploration of this area in search of possible high grade mineralization plates. Mineralization is currently being expanded in the east-west extension of the zone and new veins are being added to the north and south. The deposit model is continuously updated in order to gain new and valuable information on structure and geochemistry.

Possible expansion of the 50,000 meter drill program

With significant progress being made at such an early stage in the drill program, with only 18% of the planned 50,000 meter drill program completed, Canada Silver is already considering expanding the program and investigating the newly identified veins or potential ones Expand the exploration horizon. Two drilling rigs are already in use around the clock, while at the same time the redefinition of the historical evaluations for silver exploration in Gowganda Camp is being carried out.

The top intersection of the vein in hole CS-20-31, pending assay results, is less than 10 meters below the top contact zone at a vertical depth of 336 meters and the original high grade intersection of the vein in hole CA-1108 at 40,944 1,194 ounces / tonne silver over a core length of 0.45 meters with a true thickness of approximately 7 centimeters at a vertical depth of 430 meters. Another deep vein was intersected in hole CS-20-22W3 (again pending assay results). It is the deepest vein to date at a vertical depth of 592 meters. With these recent vein discoveries, the vertical extent of the significant silver mineralization is now 256 meters!

According to Canada Silver, it is also of particular importance that the vein intersections at Castle East are located in both the upper and lower portions of the Nipissing diabase sill, not far from the contact zone with the archaic volcanic rock. Because this increases the potential for a deposit in this area considerably, which also has an impact on the entire camp.

Source: Canada Silver Cobalt Works

In the past, funding activities there primarily took place within the upper half of the diabass threshold. The chances of expanding the Robinson Zone for Canada Silver Cobalt Works have now increased significantly as the potential mineralization horizon is significantly larger than originally anticipated.

Matt Halliday, exploration manager for the company, said, “We are excited about this drill program. We have initiated a large format drilling program and are now realizing the results. We started with one vein in the Robinson Zone and now we have at least four mineralized veins. The probability of finding new high-grade plates has thus increased significantly. We were able to expand the original mineralization horizon. In the literature, it has been mentioned that the upper third and the upper half of the Diabass sill are located within the mineralization horizon. However, we are currently assuming that the entire diabase threshold may be mineralized. “

So it remains exciting, because it looks like Canada Silver Cobalt Works has already laid the foundation for significant further discoveries with the first phase of drilling – and has again demonstrated high-grade silver mineralization. We’re sticking to this extremely exciting, but also risky exploration story!

Risk warning: GOLDINVEST Consulting GmbH offers editors, agencies and companies the opportunity to publish comments, analyzes and news on http://www.goldinvest.de. This content is intended solely for the information of the reader and does not represent any kind of call for action, neither explicitly nor implicitly are they to be understood as a guarantee of possible price developments. Furthermore, they are in no way a substitute for individual, expert investment advice and represent neither an offer to sell the stock (s) in question nor an invitation to buy or sell securities. This is expressly not a financial analysis, but a promotional one / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here act entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information only relates to the company, but not to the reader’s investment decision.

The acquisition of securities involves high risks that can lead to the total loss of the capital invested. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, but any liability for financial losses or the content guarantee for the topicality, correctness, appropriateness and completeness of the articles offered here is expressly excluded. Please take note of our Terms of Use.

According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and / or partners, clients or employees of GOLDINVEST Consulting GmbH can or hold shares of Canada Silver Cobalt Works and thus a conflict of interest consists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time. Under certain circumstances, this can affect the respective share price of the company. GOLDINVEST Consulting GmbH currently has a contractual relationship with the company which is reported on as part of the GOLDINVEST Consulting GmbH website as well as in social media, on partner sites or in emails, which also represents a conflict of interest. The above information on existing conflicts of interest apply to all types and forms of publication that GOLDINVEST Consulting GmbH uses for publications on Canada Silver Cobalt Works. Furthermore, we cannot rule out that other stock market letters, media or research firms will discuss the values ​​recommended by us during the same period. Therefore, symmetrical generation of information and opinions can occur during this period. No guarantee can be given for the correctness of the courses mentioned in the publication.

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable as being posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close