COQUITLAM, BC, Oct. 22, 2020 /CNW/ - Canada Silver Cobalt
Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or
"Canada Silver Cobalt") is pleased to announce that it has
graduated to Tier 1 on the TSX Venture Exchange.
"Graduating to a Tier 1 listing on the TSX Venture Exchange
confirms Canada Silver Cobalt's continued progress and
development," said Frank J. Basa,
Chief Executive Officer of the Company. "We look forward to
continued development of our 100%-owned Robinson Zone Project, in
the 78 square-kilometre Castle Silver Mine property in
Gowganda, Ontario."
The TSX Venture Exchange classifies issuers into different tiers
based on standards including historical financial performance,
stage of development and financial resources. Tier 1 is the
Exchange's premier tier and is reserved for its most advanced
issuers.
About Canada Silver Cobalt Works Inc.
www.canadasilvercobaltworks.com
Canada Silver Cobalt Works released the first-ever resource in
the Gowganda Camp and greater Cobalt Camp in May 2020. A total of 7.56 million ounces
of silver inferred resources, comprising very high-grade silver
(8,582 grams per tonne un-cut or 250.2 oz/ton) in
27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical
depth of approximately 400 meters, was reported. The discovery
remains open in all directions (1A and 1B are approximately 800 meters from the
east-trending Capitol Mine workings) (mineral resources that are
not mineral reserves do not have demonstrated economic viability)
(refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle
Property feature strong exploration upside for silver, cobalt,
nickel, gold and copper in the prolific, past-producing
Gowganda high-grade Silver
District of Northern Ontario. With
underground access at Castle, a pilot plant to produce cobalt-rich
gravity concentrates on site, a processing facility (TTL
Laboratories) in the town of Cobalt, 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 Silver Cobalt is strategically
positioned to become a Canadian leader in the silver-cobalt
space
"Frank J. Basa"
Frank J. Basa, P. Eng.
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 Silver Cobalt Works Inc.