Home»News» Video Interview: CCW’s CEO Frank Basa covers new ground: Gold-equivalent of extremely high silver grades, path to profitability and TTL’s potential
Video Interview: CCW’s CEO Frank Basa covers new ground: Gold-equivalent of extremely high silver grades, path to profitability and TTL’s potential
Jul 1, 2021
Canada Silver Cobalt Works Inc. CEO Frank Basa covers important new ground in this video interview with CRUX Investor’s Matthew Gordon:
The 40-minute interview covers the following key points:
Gold-equivalent of Castle East’s extremely high silver grades (up to 89,853 g/t Ag or 2,621 oz/ton Ag);
Drill plans to expand the size of the deposit targeting a 30 million oz silver resource (vs 7.5 million silver oz in the initial resource estimate published May 2020, which at an average grade of 8,582 g/t Ag or 250.2 oz/ton is the highest-grade deposit in the world);
How the resource update planned for Q1 2022 will reflect 50,000m of drilling and discovery of 7+ new high-grade silver veins (vs only 1 vein included in the initial resource);
Potential inclusion of the drill core’s gold, nickel and cobalt content into a silver-equivalent in the updated resource;
The exceptionally high-grade but narrow silver veins converted into vastly wider widths suitable for mining (ex. up to 50m width);
The process/cost/potential revenue of constructing a ramp for extracting high-grade silver in bulk samples and carrying out more effective additional exploration from underground;
Importance of the acquired TTL lab/bulk processing facility for the initial processing of the high-grade material to the point of pouring silver dore bars ready to be sent to a Canadian refinery for further refinement into final silver-bar form (plus the potential for recycling spent batteries at TTL); and
Potential cost of an eventual 600 t/d mill for processing mined ore and high-grade tailings on the property from past mining of the Castle Mine and possibly from nearby mines.
Further information on Canada Silver and its resource and grades (including spectacular photos of drill core up to 9% silver) can be found at:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the info provided in this email. The information provided may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
Video Interview: CCW’s CEO Frank Basa covers new ground: Gold-equivalent of extremely high silver grades, path to profitability and TTL’s potential
