Canada Silver Cobalt Works hits bonanza grade silver in Vein 2 at Castle property

Canada Silver Cobalt Works Inc (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) said the potential of the Castle East area at its Castle property in Ontario had 'significantly increased' as it reported hitting bonanza grade silver. One drill hole hit 0.48 metres (m) at 53,739 grams per tonne (g/t) silver from 551.08 to 551.1m depth with a gold equivalent grade of 23.31 ounce per ton of the yellow metal, the explorer reported. READ: Canada Silver Cobalt Works says it is making good progress with its environmental studies on the Castle East property Notably, this was contained within a larger interval of 19,308 g/t silver over 1.3m starting from a depth of 550.6m. This high grade silver was intersected within a wedge, within Vein 2 called Big Silver, which, itself, lies within 60m of the so-called Robinson Zone Discovery hole, which hit 89,853 g/t silver. "This is the third intercept above 50,000 g/tonne Ag in Vein 2 (Big Silver). This particular vein appears to be thinning at this point, but the grade is incredible..," noted Matt Halliday, the president of the company, in a statement. "The company will continue drilling Big Silver to see what comes up and will continue exploring for additional high-grade veins". The company added: "The potential of Castle East has significantly increased with the development of this second, distinct, high-grade silver vein." The company's Castle property lies 15 km east of Aris Gold Corp's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area It features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade silver district of northern Ontario. Contact the author at giles@proactiveinvestors.com