Canada Silver Cobalt expands airborne survey at St. Denis and Sangster Lithium Project, Ontario

Canada Silver Cobalt Works Inc. [CCW-TSXV; CCWOF-OTCQB; 4T9B-FSE], which is developing several precious metal and battery metals properties in Ontario and Quebec, reported the expansion of its airborne geophysical survey program to also include the St. Denis and Sangster Lithium Project located in the Cochrane District in northern Ontario.

The company completed a helicopter Multi-Parameter Airborne Survey System (M-PASS) at the silver-cobalt Castle Property in the week of June 25, 2023 and then proceeded to also complete the survey at the prospective lithium Sangster Block. The St. Denis Block is on hold for now due to forest fires and will be flown as soon as it is safe to return to the site.

“We’re excited to have the airborne survey completed at Castle and Sangster since it will provide important geophysical data that we need for the ALS GoldSpot’s AI and machine learning drill targeting aimed at unlocking the extensive mineralization potential of these properties,” stated Matt Halliday, P.Geo., President and COO. “We’re also looking forward to completing the airborne survey at St. Denis as soon as conditions allow. The pegmatite-rich properties are in a region that has typically been underexplored and represent attractive greenfield projects with significant lithium-cesium-tantalum (LCT) exploration potential.”

“Since we acquired the property earlier this year, we have been compiling as much data as possible from various sources for the St. Denis and Sangster blocks. The M-PASS survey will give us valuable new data to use for our planned field season this summer and to begin using machine-learning targeting techniques to hone in on potential areas for pegmatites that contain significant LCT mineralogy,” said Halliday.

“This is a really exciting area. Our neighbours have had some great success and we think we have an excellent land package and are keen to deliver the same results. We’re particularly interested in examining the Sangster Block area containing multiple pegmatites mapped by Noranda in 1995 that includes a 130-metre wide by 1 km long zone interpreted by Noranda as pegmatite.”

The 26,373-hectare St. Denis and Sangster project (including 24,036 hectares in the St-Denis Block and 2,337 hectares in the Sangster Block) is one of the largest land holdings in the emerging Case Lake LCT pegmatite district of Northeastern Ontario. The property is strategically positioned over an ideal geological environment for pegmatite mineralization, as demonstrated by a number of observations of pegmatite in outcrop and drill core in the historic assessment work files and government mapping. The project is supported by year-round ease of access, proximity to services and suppliers in the mining communities of Timmins and Cochrane, and location along strike to a known LCT (lithium-cesium-tantalum) pegmatite occurrence (Case Lake LCT pegmatite swarm).

The St. Denis Block is adjacent to, and the Sangster Block is located 62 km northwest of, the Case Lake lithium-cesium pegmatite swarm (claims currently held by Power Metals Corp. Power Metals has identified significant lithium and cesium grades in spodumene and pollucite rich pegmatites at the West Joe Dyke and Main Dyke areas, including 1.58 % Li2O (lithium oxide) over 15.0 metres in drill hole PWM-22-134 and 6.74% Cs2O over 5.0 m, 11.0 to 16.0 m in drill hole PWM-18-126.

Canada Silver Cobalt’s Sangster Block covers a similar geological environment to that of Power Metals’ Case Lake lithium-cesium property, and the St-Denis Main block covers ground west along strike of the Case Lake property.

The M-PASS airborne survey, developed in collaboration with ALS GoldSpot Discoveries Ltd., represents a significant advancement in the company’s exploration process aimed at identifying new high-grade silver-cobalt vein structures. By integrating state-of-the-art AI and machine-learning techniques, the survey provides valuable data to optimize drill targeting at the Castle property, complementing the already impressive high-grade silver-cobalt vein discoveries made thus far.

Canada Silver Cobalt Works recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The company has completed a 60,000-metre drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.