Canada Silver Cobalt Works Inc. is pleased to announce that further to its press release dated August 19, 2020 the Company has closed its second final tranche of its non-brokered private placement financing, raising gross proceeds of $3,547,000. The Company closed the 1st tranche on August 14, 2020 raising $3,146,730. The Company is pleased to report it has raised a total of $6,693,730 in both tranches. The Company has [...]
Canada Silver Cobalt Works Inc. is pleased to announce that further to its press release dated August 14, 2020 whereby the Company raised $3,193,730 in its first tranche private placement closing, the Company will be raising an additional $3,500,000 in its second and final tranche of its non-brokered private placement financing. The Company will be issuing an additional 6,363,636 units in the final closing. Each Unit is [...]
Canada Silver Cobalt Works Inc. is pleased to announce that it will participate in a Proactive One2One Investor Forum on August 20, at 1 pm EDT . Canada Silver Cobalt's presentation, which will focus mainly on its drilling and development plans for its exceptional high-grade silver discovery at Castle East, will be given by Matt Halliday, President and COO, and Frank Basa, CEO. The 30-minute presentation includes a [...]
Canada Silver Cobalt Works Inc. is pleased to announce that the Company has closed the first tranche of its non-brokered private placement financing, raising gross proceeds of $3,193,730 with a lead order from Palisades Goldcorp Ltd. The Company has issued 5,806,782 units in the first tranche closing. Each Unit is comprised of one common share of the Company and one share purchase warrant. Each whole warrant will entitle [...]
Canada Silver Cobalt is pleased to announce that Matt Halliday, P.Geo., the Company's President & COO has also been appointed to the board of directors. In connection with Matt's appointment to the board, Marc Bamber has resigned as a director of the Company to focus on his other work commitments. We thank Marc for his contributions to the Company and wish him well in his future endeavours. The Company has also engaged [...]
Canada Silver Cobalt Works Inc. is pleased to report that it has completed its previously-announced acquisition of the assets of Polymet Resources Inc., including an assay laboratory and bulk sampling plant located in Cobalt, Ontario. The asset acquisition was effected through Temiskaming Testing Laboratories Inc., a wholly-owned subsidiary of Canada Silver Cobalt. In payment for the assets, Canada Silver Cobalt issued [...]
Canada Silver Cobalt Works Inc. is pleased to report that it has filed an independent technical report on SEDAR. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects supporting a Mineral Resource Estimate for the Castle East, Robinson Zone, Ontario, Canada with an effective date of May 28, 2020 and a signature date of July 13, 2020 . This Technical [...]
Canada Silver Cobalt Works Inc. has entered into a Purchase and Sale Agreement with Granada Gold Mine Inc. pursuant to which Canada Silver Cobalt will repurchase from Granada Gold a back-in option on five mining leases at Castle East, forming part of the Castle mine property near Gowganda, Ontario. In payment, Canada Silver Cobalt will issue 2,941,000 common shares to Granada Gold at a deemed price of $0.51 per share, for [...]
Canada Silver Cobalt Works Inc. is pleased to announce that Mr. Matt Halliday, P.Geo., has been promoted to the position of President and Chief Operating Officer of the Company, in addition to his duties as VP-Exploration, as Canada Silver Cobalt prepares to aggressively ramp up drilling at Castle East to fully leverage a growing high-grade silver discovery adjacent to three past producers in Gowganda, 75 kilometers [...]
Canada Silver Cobalt Works Inc. is pleased to announce the Company has closed a flow-through private placement with strategic investors, raising gross proceeds of $1.2 million by issuing 2,000,000 units at $0.60 per flow-through unit . Proceeds of the flow-through private placement will be used to further ramp up drilling and exploration over the coming weeks at the Company's 100%-owned Castle East high-grade silver [...]
Canada Silver Cobalt Works Inc. is pleased to announce that Phase 2 drilling at Castle East has quickly expanded the potential scale of the Robinson Zone high-grade silver discovery, open in all directions. The latest drill hole, CS-20-24, further demonstrates continuity of vein structures over an increasingly broad area consistent with a robust mineralizing event immediately east of three past producers in Northern [...]
Canada Silver Cobalt Works Inc. is pleased to announce a major reinterpretation of the Gowganda Silver Camp as a new round of diamond drilling begins at the Castle East high-grade silver discovery, open in all directions. Highlights: Diamond drilling aims to build and upgrade the maiden Inferred mineral resource that includes 7.56 million ounces of silver in zones 1A and 1B of the Robinson Zone ; Only a fraction of Castle [...]