Canada Cobalt (CCW) Stock Up 100% in 3 Months on the Discovery of Multiple Zones of High-Grade Silver, Gold, Cobalt, and Nickel

Feb 5, 2020

Canada Cobalt Works (CCW) stock price has jumped 100% in the past three months on news of exceptional high-grade discoveries of silver, gold, nickel and cobalt in multiple zones at the Castle Mine property owned 100% by Canada Cobalt Works, as well as CCW’s acquisition of a bulk-processing/assaying facility. The Castle Mine was the highest-grade silver mine (with cobalt by-product) operated by Agnico Eagle in the 1980s and was closed down only because the price of silver dropped to US$6/oz.

Many companies have only one discovery/initiative to follow up on but CCW has several, with a lot more news to come.

Castle East Robinson Zone — Massive native silver grades up to 70,380 g/t silver (2,053 oz/ton) with follow-up drilling showing a large target horizon in a previously unexplored area. Drilling is continuing and additional results pending.

Level 1 underground — an unexpected discovery of high-grade gold (up to 22.7 g/t gold) along with high-grade silver, cobalt and nickel.

This new gold discovery is in addition to earlier Level 1 drilling intersecting another previously unknown rich silver vein system missed in past mining — grading up to 13,208 g/t silver (385 oz/ton).

Acquisition of PolyMet Labs (now known as Temiskaming Testing Laboratories), an ISO certified metals processing facility — achieving a key goal of becoming a vertically integrated leader in Canada’s silver-cobalt heartland.

Silver bars poured recently as a proof of concept test at the PolyMet facility — illustrating the potential for significant silver production along with cobalt from surface waste material and tailings.

Lab testing of the proprietary Re-2OX process continuing — Re-2OX metallurgical process has successfully produced a cobalt sulphate to battery industry specifications with additional testing of nickel-manganese-cobalt (NMC) formulations planned.

Please see below for share price chart and links to information/news releases highlighting the discoveries and acquisition.