{"id":1195763,"date":"2020-07-14T13:44:44","date_gmt":"2020-07-14T18:44:44","guid":{"rendered":"https:\/\/resourceworld.com\/?p=58872"},"modified":"2020-07-14T13:44:44","modified_gmt":"2020-07-14T18:44:44","slug":"canada-silver-files-first-resource-estimate-for-castle-east","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1195763","title":{"rendered":"Canada Silver files first resource estimate for Castle East"},"content":{"rendered":"

Canada Silver Cobalt Works Inc.<\/strong> [CCW<\/a>-TSXV; CCWOF<\/a>-OTC; 4T9B] has filed an independent NI 43-101 compliant technical report supporting a Mineral Resource Estimate for the Castle East, Robinson Zone, Ontario, with an effective date of May 28, 2020.<\/p>\n

This Technical Report documents the first mineral resource estimate for the Robinson Zone discovery.<\/p>\n

For Zone 1A and 1B, the average silver grade 8,582 g\/t (250.2 oz\/ton) in a combined 27,000 tonnes of material. The total is 7,560,200 Inferred oz of silver.<\/p>\n

The company also announces that it has completed its previously announced repurchase from Granada Gold Mine Inc.<\/strong> [GGM-TSXV; GBBFF-OTC; B6D-FSE] of a back-in option on five mining leases forming part of the Castle Silver Cobalt Mine property in Ontario.<\/p>\n

In payment, the company issued 2,941,000 common shares to Granada Gold at a deemed price of $0.51 per share, for total deemed consideration of approximately $1,500,000. Each of the shares was accompanied by one warrant with each warrant entitling Granada Gold to acquire one additional share of Canada Silver Cobalt for $0.55 for five years. Canada Silver Cobalt’s flagship Castle mine and 78 km2<\/sup> Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver-Cobalt District of Northern Ontario. With an important new discovery at Castle East, underground access at the Castle mine, a processing facility (TTL Laboratories) in the nearby town of Cobalt, a proprietary hydrometallurgical process known as Re-2OX, and the Beaver and Violet properties, CCW is positioned to become a Canadian leader in the silver-cobalt space.<\/p>\n","protected":false},"excerpt":{"rendered":"

Canada Silver Cobalt Works Inc. [CCW-TSXV; CCWOF-OTC; 4T9B] has filed an independent NI 43-101 compliant…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[445,622],"tags":[102],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1195763"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1195763"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1195763\/revisions"}],"predecessor-version":[{"id":1195764,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1195763\/revisions\/1195764"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1195763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1195763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1195763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}