Canada Silver Cobalt Works Inc (CVE:CCW) (OTCMKTS:CCWOF) announced Tuesday it had intersected another high-grade silver vein at the Robinson Zone within its Castle Silver Mine property in Ontario.
The vein is located around 60 metres from the discovery intersection hole CA-11-08, which previously intersected 40,944 grams per ton (g/t) silver (1,194 oz/ton) over a core length of 0.45 metres.
The intersection is located 53 metres laterally east-southeast and 25 metres vertically above the original discovery hole CA-11-08 and further expands the potential high-grade mineralization target area, the Coquitlam, BC-based company said in a statement.
READ: Canada Silver Cobalt Works hits high-grade gold with cobalt at Castle property in Gowganda district, Ontario
Robinson now boasts a total of five mineralized veins, according to Canada Silver. Earlier this year Canada Silver announced a maiden inferred resource estimate of 7.6 million ounces of high-grade silver grading at 8,582 g/t silver at the Robinson zone.
"We are very pleased to be disclosing this new vein discovery,” Canada Silver president Matt Halliday said in a statement.
“This is the type of stellar mineralization we are looking for and to find it so close to the original Robinson vein is very encouraging. We continue to record sound geological information with the aim of strengthening our model and finding more mineralization like this on the existing structures and to search out new ones.”
The company told investors it is planning to follow up with a drill program.
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