Canada Cobalt Works (TSXV: CCW) announced Friday that assays from the second wedge hole at the Robinson Zone at Castle East, a new grassroots high-grade discovery in Ontario adjacent to three past producers, have returned 70,380 g/t silver (2,053 oz/ton) over 0.30 meters within a broader zone of 1.4 meters 20,136 g/t (587 oz/ton) and 4 meters (core length) of 7,259 g/t (212 oz/ton).
Canada Cobalt Works also announced separately on Friday that it has closed its deal to acquire PolyMet Labs
The drill program and sampling protocol are being managed by geologists from GoldMinds Geoservices. Holes CS-19-08-W01 to W04 were wedges drilled off the historic CA-11-08 hole, the company said in a media release. Samples were collected using a 0.3-meter minimum length, one-meter maximum length. Drill core recovery averaged 95%.
Canada Cobalt Works also announced separately on Friday that it has closed its deal to acquire PolyMet Labs, the only facility in the Northern Ontario Silver-Cobalt district that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing.
At market close Friday, Canada Cobalt Works’ stock was up nearly 5%. The company has a C$ 57 million market capitalization.