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Canada Silver Cobalt Drills $70,714 Silver Intercept
321Gold ^ | Februbruary 1, 2021 | Bob Moriarty

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.

*SNIP*

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.


TOPICS: Business/Economy; Miscellaneous; Society
KEYWORDS: canada; silver
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1 posted on 02/01/2021 7:17:05 AM PST by Diana in Wisconsin
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To: All; amorphous

2 posted on 02/01/2021 7:17:56 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: Diana in Wisconsin

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.


3 posted on 02/01/2021 7:24:56 AM PST by C210N (You can trust government or you can understand history. But you CANNOT do both.)
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To: Diana in Wisconsin

SALT!


4 posted on 02/01/2021 7:26:11 AM PST by Roccus (Prima di ogni altra cosa, siate armati!)
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To: Diana in Wisconsin
Be nice if they would say how far down it was.

They don't do that.

It doesn't do much good if it is 5000 feet down.

5 posted on 02/01/2021 7:27:15 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries. )
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To: Diana in Wisconsin

http://www.321gold.com/editorials/moriarty/moriarty020121/2_sm.jpg


6 posted on 02/01/2021 7:28:43 AM PST by Red Badger (TREASON is the REASON for the SLEAZIN'.................................)
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To: marktwain

“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.”


7 posted on 02/01/2021 7:29:21 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: Red Badger

It’s a shame that varicose veins don’t contain silver. I’d be rich, rich, RICH! ;)

*SNORT*


8 posted on 02/01/2021 7:32:23 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: Diana in Wisconsin

Silver market is a psyop to create a silver rush to bail out the hedge funds.


9 posted on 02/01/2021 7:33:15 AM PST by Bayard
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To: C210N

That is kinda what I wondered as well. i.e. why today?


10 posted on 02/01/2021 7:34:09 AM PST by cuban leaf (We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
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To: Diana in Wisconsin

Good info, very good. Thanks for posting.


11 posted on 02/01/2021 7:34:13 AM PST by Hostage (Article V)
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To: Hostage

Mama Like! :)

https://www.kitco.com/


12 posted on 02/01/2021 7:37:18 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: Diana in Wisconsin
“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.”

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.

13 posted on 02/01/2021 7:38:50 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries. )
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To: Diana in Wisconsin

You would also look like a Smurf...................


14 posted on 02/01/2021 7:40:19 AM PST by Red Badger (TREASON is the REASON for the SLEAZIN'.................................)
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To: marktwain; All
Note: None of that information tells us how far down from the surface the sample shown was found. It is of critical importance.

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.

15 posted on 02/01/2021 7:41:22 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries. )
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To: Diana in Wisconsin

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.


16 posted on 02/01/2021 7:43:12 AM PST by dynachrome ("I will not be reconstructed, and I do not give a damn.")
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To: marktwain

Personally? I don’t WANT any more silver added to the stockpile; I’m selfish that way. ;)


17 posted on 02/01/2021 7:45:23 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: Diana in Wisconsin

It sounds like another Blind Frog Ranch scam.


18 posted on 02/01/2021 7:46:45 AM PST by lewislynn ( The problem with your attitude is, too much coffee.)
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To: C210N

I thought of that possibility too.


19 posted on 02/01/2021 7:48:52 AM PST by Rusty0604 (" When you can't make them see the light, make them feel the heat." -Ronald Reagan)
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To: dynachrome

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! ;)


20 posted on 02/01/2021 7:49:18 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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