COQUITLAM, BC, Sept. 8, 2017 /CNW/ - Castle Silver Resources
Inc. (TSX.V: CSR, OTC: TAKRF, FRANKFURT: 4T9B) (the "Company" or "CSR") is
pleased to announce that it has signed a Memorandum of
Understanding ("MOU") with Granada Gold Mine ("Granada Gold") for
the consideration of the processing of mineralized material from
the Granada mine over the next
three years just across the border in northern Ontario.
As part of the MOU, CSR is undertaking a study to install a 600
tonne per day gravity flotation plant at one of its two properties
where mills have operated in the past. Potential synergies
exist in terms of processing Granada material while also advancing CSR's
overall objectives in the burgeoning northern Ontario Cobalt Camp
as outlined in earlier news releases.
CSR and Granada Gold share common directors and Qualified
Persons.
Qualified Person
Claude Duplessis, P. Eng., of
Goldminds Geoservices Inc., a geological, environmental and mining
consultant, is an independent qualified person in accordance with
National Instrument 43-101, and has reviewed and approved the
contents of this news release.
About Castle Silver Resources Inc.
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 and the Beaver and Violet mines near
Cobalt. 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.