Canada Silver Cobalt Works (TSXV: CCW; OTCQB: CCWOF; FSE: 4T9B) has reported assay results from samples collected during prospecting in the Miller Lake area at the Castle Mine property near Gowganda, Ontario. A selected grab sample assayed 6.07 g/t gold picked up at the surface.
The sample is of a rusty orange and white weathering, pervasively altered intrusive rock hosting 5% fine-grained pyrite and minor quartz veining and stringers. Several additional samples with gold grades ranging between 0.10 to 0.28 g/t were also collected.
President and COO Matthew Halliday said, “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.”
According to the company, the newly reported gold sample provides compelling support for the extension of stripping operations to this promising location, reinforcing its commitment to unlocking the full potential of its mining assets.
Canada Silver Cobalt believes further prospecting will continue to reveal substantial gold and silver mineralization prospects.
For more information visit www.CanadaSilverCobaltWorks.com.