Canada Silver Cobalt Works Inc. announces that it has recently completed a drone magnetic geophysical survey and has entered Phase 1 of its 2022 exploration plan for the Eby-Otto gold property near the town of Kirkland Lake. The Company has outlined the planned three exploration phases at the property as follows: Phase 1: The first phase will consist of an initial site assessment to determine the logistics of future [...]
Canada Silver Cobalt Works announces it has granted stock options to its directors and officers to purchase an aggregate of 550,000 common shares in the capital of the Company. The stock options are exercisable for a term of three years at an exercise price of $0.25 per share. All stock options are granted in accordance with the terms of the Company's Stock Option Plan and the policies of the TSX Venture Exchange and will [...]
Canada Silver Cobalt Works Inc. announces that has entered into a non-binding letter of Intent dated April 20, 2022 with Power Group Projects Corp. which contemplates a transaction whereby PGP would sell its interest in specific Cobalt area properties , located in Coleman, Bucke and Lorrain Townships in the Larder Lake Mining Division of Ontario to the Company. The LOI is subject to a 90-day exclusivity and due diligence [...]
Canada Silver Cobalt Works Inc. announces that it has revised its purchase and sale agreement to acquire a 10-acre property fronting Highway 11 near Cobalt, that will be used as the central hub for all of the Company's Ontario and Quebec operations for a cash consideration of $400,000. The property houses a 4,000 square-foot, fully serviced warehouse that is currently being leased by the Company and used as its main core [...]
The survey identified a geophysical anomaly 1.7 kilometers long by 850 meters wide characterized by high conductance. Coquitlam, April 19, 2022 - Canada Silver Cobalt Works Inc. is pleased to release the results of its FL-TDEM geophysical survey at its Graal nickel-copper-cobalt property in the Lac St-Jean region of Quebec. The FL-TDEM geophysical survey was completed for the Company by TMC Geophysics. The interpretation [...]
Canada Silver Cobalt Works Inc. announces that it has closed its previously-announced upsized brokered private placement by raising gross proceeds of approximately $6.04 million, including following partial exercise of an agents' option to increase the size of the Offering. At the closing of the Offering, the Company issued 7,468,000 units at a price of $0.25 per Unit, 8,682,500 flow-through units at a price of $0.27 per [...]
Canada Silver Cobalt Works Inc. announces that it has agreed with Research Capital Corporation, as sole bookrunner, and together with Canaccord Genuity Corp. as co-lead agents , to increase the size of the previously announced best-efforts basis, private placement offering to $5,500,000 in gross proceeds to the Company. The Offering consists of a combination of: units of the Company at a price of $0.25 per Unit [...]
Canada Silver Cobalt Works Inc. is pleased to provide an update on exploration activity at its Graal nickel-copper-cobalt discovery in the Lac St-Jean region of Quebec, including the most recent assays results from drill hole NRC-22-24 which intersected 13.1 meters of combined massive sulphides within a 30-meter zone of disseminated and massive sulphides in a new area located 5 km from the previously reported discovery of [...]
Canada Silver Cobalt Works is pleased to announce that Robert Suttie has been appointed as Chief Financial Officer of the Company effective today, replacing the Company's CFO, Mr. Ryan Webster. Mr. Suttie currently works with Marrelli Support Services as its President, possessing more than 20 years of experience, ten of which were in public accounting prior to his tenure with the Marrelli organization. Mr. Suttie [...]
Canada Silver Cobalt Works Inc. announces that it has entered into an agreement with Research Capital Corporation to act as sole bookrunner and together with Canaccord Genuity Corp. as co-lead agents , in connection with a marketed private placement offering for aggregate gross proceeds of up to $5,000,000 in a combination of: units of the Company at a price of $0.25 per Unit, flow-through units of the Company at a price [...]
Assay results confirm the existence of strong nickel, copper and cobalt mineralization in addition to discovering low grade platinum and palladium. Canada Silver Cobalt Works Inc. is pleased to announce it has received positive assay results including intercepts up to 2.08% nickel and 3.75% copper from the first three diamond drill holes that intercepted massive sulphides at its Graal property in the Lac St-Jean region of [...]
Excellent assay results from both 17M and 50 West Zones provide continuous expansion to known mineralization and the upcoming resource update Canada Silver Cobalt Works Inc. is pleased to announce the continued expansion of its high-grade silver deposit at Castle East with excellent intercepts from the 17M and 50 West Zones. These drill results will be included in the planned major resource update expected by the end of [...]
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