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The minimum 5,000m drill program aims at testing the geophysical anomalies characterized by high conductance that were highlighted during a recent FL-TDEM geophysical survey (See news release
Previous diamond drilling along with geophysical surveys at Graal identified several disseminated to massive sulphide zones with varying thickness up to 13.1m containing significant grades of nickel and copper and in addition lesser amounts of cobalt, platinum, and palladium. Drilling was paused earlier this year to allow for the reception of pending assay data and completion of the geophysical survey (See news release
“Our geological team is quite excited to resume drilling at Graal. Almost every drill hole so far has encountered disseminated to massive sulphides with strong nickel, copper, and cobalt mineralization. What we have already discovered at the property suggests that it has the potential to become an important part of the North American battery metals supply corridor. The current drill program will give particular attention to the geophysical survey’s discovery of a large 1.7km by 850m anomaly characterized by high conductance which we will be testing with the drill bit,” stated
In addition to the drilling, the Company is pleased to announce that it has engaged Archeo-Mamu under the direction of Jean-Simon Labbé to complete a field investigation on the property after a desktop study identified potential zones which could have the presence of artefacts. The Company will be pleased to provide the results of this independent investigation to the
At Graal, the geophysical survey program identified 9,475m of drilling targets in two levels of priority where an initial 5,070m were identified as a first priority, as indicated in the map and chart below. The initial drilling will focus on near-surface mineralization. The larger target indicated by the geophysical survey will be drilled at a later stage.
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Figure 1: Drill program location with priority table – labelling of zone subject to change
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The Company also has: (1) 14 battery metals properties in
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned
“Frank J. Basa”
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Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements which include, but are not limited to, comments regarding future financings, if any, pursuant to the short form base shelf prospectus referred to above, and comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company’s Annual Information Form dated
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