NIA is excited to announce its first ever Confidence Rating of 100 silver stock suggestion: Canada Silver Cobalt Works (TSXV: CCW) here at $0.55 per share. The company also has a U.S. OTCQB symbol of CCWOF.
CCW’s Castle East Project has successfully established the highest grade silver resource out of all publicly traded companies! CCW’s Zone01a and Zone01b at the Castle East project’s newly discovered Robinson Zone contains 7.56 million Inferred ounces of silver at an average grade of 8,582 g/t silver (using a cut-off grade of 258 g/t AgEq).
Castle East may represent the most significant new grassroots high-grade silver discovery in the Gowganda mining camp and the broader Northern Ontario Silver-Cobalt district, in at least 40 years. This is without a doubt the biggest silver-focused program in the district since Agnico Eagle in the late 1970’s/early 1980’s when it made a new discovery at the Castle mine and brought that mine back into production for a decade until silver prices collapsed.
CCW has just added a second drilling rig to its already ongoing Castle East drilling campaign and plans to conduct a massive 50,000m of drilling over the next 12 months.
Not only does CCW have huge silver grades at Castle East, but there is potential for tremendous scale given the extent of untested ground in the camp! There is a 2km area that is wide open for discovery between the Robinson Zone and the past producing Castle Mine.
CCW’s Castle Mine Property is located in Haultain and Nicol Townships in the main historic Gowganda Silver Mining Camp. The property is 100% owned by CCW. The broader Northern Ontario Silver Cobalt District officially produced nearly half a billion ounces of silver in the last century.
The Castle Mine has the largest land package of any publicly traded company in the Gowganda Silver Camp, totaling 78 sqkm and located 75km southwest of Kirkland Lake.
Speaking of Kirkland Lake, CCW has a very strong management team with their new President and COO Matt Halliday coming to the company from nearby Kirkland Lake Gold (KL) where he served as resource geologist.
CCW owns Temiskaming Laboratories (TTL) the only facility in the Northern Ontario Silver-Cobalt District that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing. It is less than a 90 min drive from CCW’s Castle Mine and Property! CCW’s Beaver mine on patented ground near the town of Cobalt, just minutes from TTL, was a significant past silver producer and will be advanced during 2020!
CCW’s Castle Mine is the only permitted and active underground asset in the entire Northern Ontario Silver-Cobalt District. It has been mined intermittently throughout the last century for its exceptionally high-grade silver.
The refurbished first level of Castle extends 365m east-west and 360m north-south and the shaft remains in excellent condition. Strong potential exists for the establishment of a new zone while the company is also focused on the mine’s silver-rich historic tailings.
CCW has tremendous potential to also produce cobalt. In 2018, CCW became the first junior mining company in North America to produce a battery grade Cobalt sulphate product from its own mineralized material at the Castle mine.
CCW has developed its own “proof of concept” for an environmentally green process that efficiently recovers Cobalt and other metals while successfully removing arsenic. CCW’s proprietary RE-2OX Process is scalable and the project will benefit from being hosted at the company’s newly-acquired TTL lab/processing facility in the town of Cobalt.
CCW currently has only 98,847,488 shares outstanding.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from CCW of USD$35,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.