COQUITLAM, BC, Nov. 18, 2019 /CNW/ - Canada Cobalt Works
Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada
Cobalt") is pleased to announce that Matt
Halliday, P.Geo., has been appointed VP-Exploration of the
Company, effective mid-December. He joins Canada Cobalt from
Kirkland Lake Gold where he has been
serving as Resource Geologist.
"We're delighted to have an individual of Matt's caliber join
our team," explained Frank Basa,
Canada Cobalt President and CEO. "He and his family reside in
Haileybury and he's intimately
familiar with the Northern Ontario Silver-Cobalt Camp. He'll be
working out of our new headquarters at 'CCW PolyMet' in nearby
Cobalt following the acquisition. Matt will be responsible for all
aspects of exploration and underground work at the Castle
Silver-Cobalt mine and property, plus Beaver. He will also make
important contributions to the business model at the PolyMet lab
and processing centre."
A graduate of Dalhousie University
in 2007, Halliday honed his skills for almost eight years with SGS
Geostat, known as global leaders in ore body modelling and reserve
evaluation. Over the last 12 years he has focused on resource
reporting and modelling while also gaining abundant experience with
advanced field exploration including major drill programs in
Ontario and Quebec.
"I'm really excited to take this position with Canada Cobalt as
the Company has clearly emerged as the district leader among
juniors in exploration, technology and development possibilities at
a key point in the metals cycle," stated Halliday. "At Castle there
are multiple initiatives to focus on including a fresh drill
program from surface before Christmas as we target a potential new
deposit at Castle East within just two km of the three past
Gowganda producers. The PolyMet
acquisition is icing on the cake as it vertically integrates Canada
Cobalt and adds an array of dynamic new opportunities to grow the
Company."
About Canada Cobalt Works Inc.
Canada Cobalt has 100% ownership of the Castle mine and the 78
sq. km Castle Property with strong exploration upside in the
prolific past producing Gowganda
high-grade Silver Camp of Northern
Ontario. With underground access at Castle, a pilot plant to
produce cobalt-rich gravity concentrates on site, and a proprietary
hydrometallurgical process known as Re-2OX for the creation of
technical grade cobalt sulphate as well as nickel-manganese-cobalt
(NMC) formulations, Canada Cobalt is strategically positioned to
become a vertically integrated North American leader in cobalt
extraction and recovery while it also exploits a powerful new
silver-gold market cycle.
"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 Canada Cobalt Works Inc.