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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
