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Saturday, January 11, 2020 - 10:15:55 AM
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Mining News Pro - Canada Cobalt Works 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 over 0.30 metre within a broader zone of 1.4 metres grading 20,136 g/t and 4.0 metres (core length) of 7,259 g/t.
According to Mining News Pro - 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-metre minimum length, 1.0-metre maximum length. Drill core recovery averaged 95%.
Canada Cobalt Works also announced separately 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.
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https://www.miningnews.ir/En/News/471276
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