Phase II: The second phase of exploration will be based on the results from Phase 1 and will expand to include a ground 3D IP/EM survey on the entire claim package which will compliment the magnetic survey completed earlier this year. A drone magnetic survey on the entire claim package was completed by EarthEx Geophysical Solutions Inc. An overall geological assessment was completed based on field work consisting of geological mapping and stripping key outcrops. Surveying was completed for key standard iron bars (SIB), legacy claim posts, and access points to refresh select existing cut line grids. Phase I: The first phase consisted of an initial site assessment to determine the logistics of future operations and to provide the Company time to receive any pending surface exploration work permits that will be necessary. The Company has outlined the planned three exploration phases at the property as follows: We are looking forward to the results of both the channel sampling and the drilling," said Matthew Halliday, P.Geo., President and COO. Our geological team has done a good amount of work there already this year with channel samples taken at key outcrop locations and sent to the lab for analysis (assays pending). It is a very promising land package close to a producing mine with outcropping mineralized veins already identified. "We are excited to start drilling at Eby-Otto. The Company has also initiated a 3D IP Resistivity geophysics survey at Eby-Otto to be completed by Dias Geophysical as part of its Phase II exploration at the property (see news release October 24, 2022). Mapped surface veins with anomalous gold mineralization.Īreas with high potential based on the drone mag and existing local 2D EM. Regional mapped alteration zones and areas of increased sulphides. Regional fault structures such as the Cadillac-Larder Lake Break and/or Eby-Otto Fault. This initial drilling may include targets such as: and is part of the Company's Phase II exploration activity at Eby-Otto. The planned 2,000-2,500-meter drill program is being conducted by Laframboise Drill Inc. (TSXV: CCW) (OTC: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") announces that it has begun diamond drilling at its Eby-Otto gold property near the town of Kirkland Lake. October 26, 2022) - Canada Silver Cobalt Works Inc. The Eby-Otto property is located in a prime geological setting with mineralized veins identified at surface, and is proximal to both the Cadillac-Larder Lake Break and an existing high-grade gold mine.Ĭoquitlam, British Columbia-(Newsfile Corp.
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