Canada Silver Cobalt Works (TSXV: CCW) has seen assays returned from its tailings drill program conducted at the firms Beaver Mine. The company reported an average grade of 79.0 g/t silver within the tailings, indicating silver is currently present on the property both within high-grade veins, as well as within tailings.
A total of 127 sonic drill holes were conducted on the tailings piles, with a total of 354 metres being drilled under the program. All holes were drilled to a maximum depth of 4.78 metres, which resulted in high grade silver assays ranging from 314 to 13.7 grams per tonne. Samples collected from drilling were assayed for silver, cobalt, nickel and copper.
Cobalt meanwhile saw an average grade of 165.8 ppm, while copper averaged out at 341.9 ppm, and nickel averaged 114.1 ppm.
The company is now in the process of having a resource estimate completed on the Beaver Mine. Planning meanwhile is being conducted to begin sonic drilling at the Castle Mine tailings.
Canada Silver Cobalt Works last traded at $0.62 on the TSX Venture.
Information for this briefing was found via Sedar and Canada Silver Cobalt Works. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.