Course fireworks at the end of the year Canada Silver Cobalt Works (WKN A2JEX7 / TSXV CCW)! The silver and cobalt explorer stock closed around 20% yesterday after the discovery of another high-grade silver vein on the Robinson Zone project – just 60 meters from the original discovery well!
At the time Canada Silver discovered the Robinson Zone, it had 40,944 g / t silver over 0.45 meters and other intercepts of 50,583.29 g / t silver over 0.60 meters and 70,380 g / t silver over 0.3 Meters. The extremely high-grade nature of this mineralization could already be seen in advance with the naked eye:
The now reported discovery made Canada Silver Cobalt 53 meters to the east-southeast and 25 meters above the original discovery hole, potentially expanding the area of extremely high grade mineralization. Especially since, according to the company, it is a completely new mineralization vein and the drill hole encountered further silver and cobalt mineralization at a greater depth! The analysis results of the reported drilling are not yet available, but here, too, it can be seen with the naked eye that it is likely to be spectacularly high-grade silver mineralization!
Canada Silver Cobalt has now identified four heavily mineralized veins in the Robinson Zone and, according to its own statements, has once again significantly increased the potential of the zone with the new, additional vein. Further drilling is planned to expand the known resource deposits. In addition, the new vein and the current drill program provide an excellent opportunity to conduct geophysical surveys in the drill holes. Based on the results of a pilot program, one will then be able to address some of the Robinson Zone goals even more effectively, it said.
For such a hit – even if the laboratory results are still missing – investors had obviously been waiting and therefore sent the Canada Silver share with the highest trading volume in a long time up significantly. With the Company only completing 18,000 of the 50,000 meter drill program to date, the prospect is that Canada Silver Cobalt Works will continue to encounter extremely high grade silver mineralization in the future. In our opinion, the opportunities are therefore still great, despite all the considerable risks.
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