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 [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has increased its non-brokered hard dollar private placement at 35 cents per unit to $1,250,000 from the previously announced $1,000,000. The financing is expected to close on or about November 8, 2019. Each unit of the private placement comprises one share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one [...]
Canada Cobalt Works Inc. is pleased to provide the following corporate update. Underground Drilling Multi-directional diamond drilling on the first level of the Castle Silver-Cobalt mine is expanding the footprint of massive cobalt, nickel and silver mineralization near the adit entrance where drilling last year returned high grades . A total of 13 drill holes have already been completed in the adit entrance area with [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has successfully poured its first silver in a proof of concept test ahead of a significant ramp-up that will officially begin with the pouring of a 1,000-ounce silver dore bar planned for later this month. The pilot plant at the Castle mine separated leaf silver and created silver gravity concentrate from mineralized Castle waste material. The concentrate [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has signed a binding Letter of Intent to acquire the assets of PolyMet Resources Inc. , owner of PolyMet Labs and the Northern Ontario Silver-Cobalt Camp's only permitted and operating mineral and precious metal processing facility. The Transaction, consummated at a strategic time in the precious metals cycle, provides Canada Cobalt with multiple immediate [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has arranged a non-brokered hard dollar private placement with strategic investors to raise gross proceeds of $1,000,000 at 35 cents per unit. Each unit of the private placement comprises one common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has closed the second and final tranche of its recently announced private placement with strategic investors at 30 cents per unit, raising gross proceeds of $728,000 for the two tranches. Proceeds of the private placement will be used to immediately accelerate the company's various initiatives at the Castle mine and property in the Gowganda Silver-Cobalt [...]
Canada Cobalt Works Inc. is pleased to announce that crews are mobilizing next week to the Castle Silver-Cobalt mine near Gowganda, Ontario, to commence a Phase 2 underground drill program and accelerate a series of additional initiatives. The Company has closed the first $475,000 of its recently announced private placement and has increased the financing with strategic investors to $600,000 or two million units at 30 [...]
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