Canada Cobalt Works Inc. is pleased to announce that as a new high-grade silver discovery continues to build out at Castle East, with a major update expected in the coming days, geologists are learning more about the sulphide-rich Archean rocks with strong gold potential above and below the Nipissing diabase that were never systematically explored in the prolific past producing Gowganda Silver Camp. The Castle Archean [...]
Canada Cobalt Works Inc. is pleased to announce that ongoing drilling from surface has greatly expanded the potential scale of the Castle East Robinson Zone high-grade silver discovery immediately adjacent to three robust past producers in Northern Ontario's Gowganda Camp, 75 km southwest of Kirkland Lake. Significantly, native silver has been observed in drill core at shallower levels near the contact of the Nipissing [...]
Canada Cobalt Works Inc. is pleased to announce that all 50-cent warrants from the Company's January 2018 financing have been exercised, including 2,742,875 of them over the last two weeks . The exercise of these warrants has added $1,371,437 to the Company's treasury this month following the completion of a total of $2,134,500 in two hard dollar private placements with strategic investors in September and November 2019 [...]
Canada Cobalt Works Inc. is pleased to announce that assays from the second wedge hole at the Robinson Zone at Castle East, a new grassroots high-grade discovery adjacent to three past producers, have returned 70,380 g/t silver over 0.30 meters within a broader zone of 1.4 meters grading 20,136 g/t and 4 meters of 7,259 g/t . The very high-grade intersection in CA-19-08-02 is approximately 8 meters west of the mineralized [...]
Canada Cobalt Works Inc. is pleased to announce that it has closed its deal to acquire the only facility in the Northern Ontario Silver-Cobalt district that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing. The Transaction, completed at an opportune time in the precious metals cycle, provides Canada Cobalt with multiple immediate and long-term advantages as a fully integrated leader in [...]
Canada Cobalt Works Inc. is pleased to announce that initial assay results from multi-directional and very short underground drill holes on the western side of the Castle mine have revealed unexpected high-grade gold in addition to more high-grade cobalt, silver and nickel. This is now considered an emerging new discovery area open for considerable potential expansion with easily accessible mineralization from the first [...]
Canada Cobalt Works Inc. is pleased to announce that partial assays from a visually strongly mineralized 4.65-meter core interval in the first wedge hole at the Robinson Zone Discovery at Castle East include 50,583.29 g/t silver from a 0.60-meter sample in addition to cobalt, nickel and copper, and 20,741 g/t silver over 1.5 meters. Assays are still pending for 19 out of 22 samples from the first wedge hole as well as 89 [...]
Maps and Photos Included in this news release is a plan view map and three core photos representative of massive mineralization at this new discovery. Refer to the Canada Cobalt website at CanadaCobaltWorks.com for updated maps and additional core photos throughout this drill program. Disclaimer: Core photos below are of selected intervals and are not necessarily representative of the mineralization hosted on the [...]
Canada Cobalt Works Inc. is pleased to announce that diamond drilling has commenced at Castle East for first-ever follow-up on the "Robinson Zone" high-grade discovery, a drill hole in 2011 that cut 1,194 oz/ton silver over 0.45 meters within a broader core length of 3.1 meters grading 189 oz/ton silver . This discovery, aided initially by geophysics and now supported by a high technology camera, is less than two [...]
Canada Cobalt Works Inc. is pleased to provide the following update with regard to its proposed acquisition of 100% of the issued and outstanding shares of PolyMet Resources Inc. . Canada Cobalt and PolyMet have executed an amendment dated December 3, 2019, to their original binding Letter of Intent which provided for an issuance of shares by Canada Cobalt at a price of $0.34 as payment for PolyMet shares. As a result [...]
Canada Cobalt Works Inc. is pleased to announce that Matt Halliday, P.Geo., has been appointed VP-Exploration of the Company, effective mid-December. He joins Canada Cobalt from Kirkland Lake Gold where he has been serving as Resource Geologist. "We're delighted to have an individual of Matt's caliber join our team," explained Frank Basa, Canada Cobalt President and CEO. "He and his family reside in Haileybury and he's [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has closed an over-subscribed hard dollar financing at 35 cents per unit for total proceeds of $1,406,500. A total of 4,018,571 units were issued to strategic investors with this private placement. Each unit consisted of one common share in the capital of the Company and one share purchase warrant. Each warrant entitles the holder to purchase one share of [...]
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