Canada Silver Cobalt Works Inc. announced the commencement of a new 1,500-meter drill program at its Castle Property this week focusing on both gold and silver targets following the recent success of gold stripping activities in the Miller Lake area. The Summer 2023 stripping program to the south and west of previous drilling identified a significant opportunity to evaluate gold prospects with the discovery from channel sampling of multiple samples above 1 gram per tonne (g/t) gold and ranging up to 3.2 g/t gold at the surface. The targets of the drill program include the new gold areas that have been identified, the potential to identify silver below the gold prospects, and new silver targets identified south of Castle East.

The first hole will be located 100 meters west of previous drilling at Castle East and is expected to extend 500 meters downhole targeting both gold near surface and silver at depth. The drilling program will employ oriented core and methodologies to extract valuable geological data and assess the economic viability of the identified targets. Canada Silver Cobalt Works remains committed to responsible resource development and continues to engage with local communities, Indigenous groups, and stakeholders to ensure transparent and collaborative communication throughout exploration activities.