This was such an interesting book:
Posted on 02/01/2021 7:17:05 AM PST by Diana in Wisconsin
https://money.tmx.com/en/quote/CCW
Highlights
“Highest grade silver to date at Robinson Zone: 89,853 g/t silver (2,621 ounces per ton). Vein is from hole CS-20-39 at a downhole depth of 557.5 –557.73 m(eters) with a true width of 5-7cm.
90 percent native silver in the coarse, metallic fraction, 894,813 g/t Ag (26,103 ounces per ton)
New vein. Grades exceed those from wedge hole CS-19-08W2 released (70,380 g/t silver (2,053 oz/T) over )”
“New high-grade silver vein in CS-20-39 with 5–7 cm true width, from the main .
Canada Silver Cobalt President , P.Geo. stated, “Bullion bar silver grade of 90% pure silver in the metallics was recovered from the drill core within 60 metres from the main vein on the Robinson Zone. This new vein system is being followed up with directional drilling (wedging) to define extent of the mineralized structure.”
Now, one needs to know if they they have an existing shaft/tunnel system and can use that access to create a lateral gallery to access, or if they will need to start a new shaft and have to go down through 1700 feet of Laurentian shield to get to the area of the core. (Expensive it new.)
(I think I Looked at this at one point. I think they were reworking existing cobalt tailings to extract cobalt. .)
Note that the current return on equity is -313%.
(Due Diligence! Good luck to all and do not go all south sea bubble or tulip craze bubble, unless you can afford to lose it!)
In silverware, not so much, ever since the war on drugs was "declared" lost. Burgled and melted down, it's no longer as big a factor.
This was such an interesting book:
From this, it’s about 400m down, little over 1300 feet.
From the linked article:
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 in Inferred resources comprising very high-grade silver (8,582grams 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. 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)
bkmk
Looks like resistance being applied to keep silver below $30, now 28 and change.
DS doing their best to prevent the run on physical silver, and save their paper silver.
Don’t worry Diana, I think Dutch Tulip craze has peaked!
Thing to worry about now are crazy seed shortage bubbles! (Going in big on leeks, peppers, tomatos, and basil!)
(And don’t forget fertilizers!!)
https://www.silverrecyclers.com/blog/gold-panning-in-wisconsin.aspx
Yes to the seed shortages. Everyone is suddenly a gardener, it seems. ;)
My Dad actually did some gold panning in Wisconsin back in the day. He was also one to hunt gems and fancy rocks in Arkansas. Never did find anything, though.
He brought back a lovely chunk of ore with an Opal vein through it, from Australia. I recently had it polished and it is SO gorgeous!
This guy did the work. He is Mom’s and my go-to guy for Opals, by far:
The rock was appraised at $300, and HALF of that is what it cost for me to get it polished and appraised!
I guess I’m not that savvy of an ‘investor’ when it comes to pretty rocks, LOL!
> “They have completed 18,000 to 20,000 meters”
I have no experience but doesn’t the above give info on how far down they drilled?
Also, if this company is going through this much trouble, wouldn’t they be looking at profiting?
Do you know what they mean by $71,000 intercept?
Very Interesting!
Maybe they'll stop manipulating the price soon. :)
Thanks for the ping!
Maddening! There you are sitting on big piles of undifferentiated glacial till loaded with little tiny amounts of gold flour which is unfortunately probably not worth the time to recover! :)
(But you could buy one of these and run your gravel driveway through it to see what you have (jus fer fun!) :O
https://highplainsprospectors.com/collections/sluices-accessories-new
(not my site, I don’t sell this stuff...I do think about it sometimes!)
There still is plenty of silver in the Nevada Comstock area-—Virginia City. Needs to be opened up again.
“A mine is a hole in the ground with a liar standing next to it”—Mark Twain.
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