COQUITLAM, BC, Feb. 10, 2017 CNW/ - Castle Silver Resources Inc.
(TSX.V: CSR) (the "Company" or "Castle") announces that the Annual
General Meeting was held on Thursday
February 9, 2017 and is pleased to report that all
resolutions were approved with over 99% of all votes in favour. A
total of 33.3 % of eligible shares voted. The resolutions passed at
the Meeting are listed below:
- The following individuals were re-elected Directors of the
Company: Frank J. Basa, Jacques F. Monette, Dianne Tookenay, Robert
Setter and Annemette
Jorgensen.
- McGovern, Hurley, Cunningham, Chartered Accountants, were
re-appointed as Company auditors.
- Adoption of the Company's 10% rolling share option plan was
ratified and approved.
The Board of Directors appointed the following officers of the
Company for the ensuing year:
|
Frank J.
Basa:
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President and Chief
Executive Officer
|
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Thomas P.
Devlin:
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Chief Financial
Officer
|
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Tina
Whyte:
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Corporate
Secretary
|
The board of directors re-appointed the audit committee for the
upcoming year as follows: Frank J. Basa, Chairman;
Jacques F. Monette, independent
member and Annemette Jorgensen,
independent member.
During the last year the name change to Castle Silver Resources
was completed, a new website was launched, a new Gold zone was
discovered, a geophysical survey commenced in Q4 2016, and the
Beaver and Violet Cobalt Silver properties were added. From
work carried out in 2016, recent results from bench-scale
metallurgical flotation and gravity test work press released
January 31, 2017 showed silver and
cobalt recoveries of 98.5 percent and 70.5 percent respectively
produced an extremely high concentrate grade of 11,876 grams per
tonne silver and 10.5 percent cobalt using a simple flotation
process. The mineralized-material surface rock sample was a
composite collected from the waste pile assaying 2,064 grams per
tonne silver and 5.62 percent cobalt at the Beaver Mine.
About Castle Silver
Castle Silver Resources Inc. (formerly Takara Resources Inc.) is
a TSX Venture-listed junior natural resource company focusing on
the exploration and development of former silver and cobalt mine
properties in Northern Ontario
including the Castle Silver Mine near Gowganda, Ontario and the Beaver and Violet
mines near Cobalt, Ontario.
Additional information on the Company's properties is available by
visiting its website at www.castlesilverresources.com.
"Frank J. Basa"
Frank J. Basa P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Castle Silver Resources Inc.