Skip to comments.Canada Silver Cobalt Drills $70,714 Silver Intercept
Posted on 02/01/2021 7:17:05 AM PST by Diana in Wisconsin
A new company to me called last week and were eager to be advertisers on 321gold.com. I was basically familiar with the company but not nearly so much as many other companies I follow. On Friday I figured out why they wanted more exposure. They released a silver intercept of $71,000 rock. That’s USD $71,000. That’s about 9% silver and by far the highest-grade silver intercept I have ever seen.
In the press release that came out on Friday the company talks about the intercept and call it 0.3 meters or about one foot. Then they go further into the details and explain that it is a true width of 5-7 cm or about 2-3 inches for those metrically confused. I really appreciate that because with any intercept that rich, investors really need to know the exact details. That is nothing short of remarkable. The picture of the actual core is even more incredible.
While Canada Silver Cobalt, hell, I’m going to call them CCW, their name makes me stumble, CCW has an inferred silver resource already of 7.2 million ounces which is not enough to set the world on fire. But the grade is at 250 ounces to the ton. You could practically mine that sort of mineralization with a blowtorch.
CCW is in the midst of a 50,000-meter drill program. They have completed 18,000 to 20,000 meters and so far have encountered an additional six new veins. The latest vein containing the 9% silver is only 60 meters from the last high grade silver vein. They have two drills working. Investors should expect results to keep coming out for months.
The silver and cobalt rich mineralization comes from what is called the Nipissing diabase formation, which was the source for 70 million ounces of silver and 300,000 pounds of cobalt, produced in the district. The diabase formation thickens and dips to the southeast and is high potential for more high-grade mineralization.
CCW is aggressively perusing other directions. They purchased the Temiskaming Testing Lab in the town of Cobalt. They have hired an independent contract operator to run the lab. In most of Canada and the US assays are running up to 6 months behind since the governments are paying people more to not work than to work. Owning the lab will cut the assay times down considerably.
I’ve had a lot of questions about a potential run on silver. Much of what is being said is pure rubbish. In commodities it is not possible to have naked short selling. Every single contract has one buyer and one seller so no one is going to stiff the shorts on the basis of naked short selling because it can’t exist. So anything you read about naked short selling in commodities is written either by a fool or a liar.
The idiots investing through Robbinghood are well meaning, I’d like to see Wall Street taken down a notch or two but they are going to not only lose their investment, they may well bring down the entire financial system on their heads. The markets are a giant balloon in search of a needle. I think they just found it.
With all the Silver things going on in the last day, prices now about to go past $30/ounce, this article strikes me at first to be disinformation from the DS to offset the Silver run.
They don't do that.
It doesn't do much good if it is 5000 feet down.
“CCW is in the midst of a 50,000-meter drill program. They have completed 18,000 to 20,000 meters and so far have encountered an additional six new veins. The latest vein containing the 9% silver is only 60 meters from the last high grade silver vein. They have two drills working. Investors should expect results to keep coming out for months.”
It’s a shame that varicose veins don’t contain silver. I’d be rich, rich, RICH! ;)
Silver market is a psyop to create a silver rush to bail out the hedge funds.
That is kinda what I wondered as well. i.e. why today?
Good info, very good. Thanks for posting.
Mama Like! :)
Note: None of that information tells us how far down from the surface the sample shown was found. It is of critical importance.
From my mining engineering degree:
Ore is material which can be mined at a profit.
If it costs more to extract the material than the money which can be gained from it, it is not ore, it is simply interesting material.
You would also look like a Smurf...................
In my informed opinion, that information is being withheld deliberately.
If that sample was found 50 meters from the surface, they would be shouting it from the rooftops.
The Hunt brothers tried, and failed, to corner the market on silver. There’s a lot of silver out there in peoples’ stashes and silverware.
Personally? I don’t WANT any more silver added to the stockpile; I’m selfish that way. ;)
It sounds like another Blind Frog Ranch scam.
I thought of that possibility too.
I’ve inherited a number of silver sets. One, I will never part with, no matter what the spot price.
As for the other three, I should’ve asked Santa for a Smelting Kit for Christmas! ;)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.