Coquitlam, BC, January 6, 2023 – Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) announces two new members appointed to the Board of Directors. A vacancy was filled with the appointment of Daniel Barrett to the Board of Directors and Annemite Jorgensen appointed as Additional Director of the Company’s Board of Directors.
Daniel Barrett has over 15 years of experience in the mining sector, including extensive experience managing and restructuring mining companies. Mr. Barrett was instrumental in the restructuring of SearchGold Resources Inc. and developed as of 2011 through the successful RTO of Ubika Corp. in 2013, including $54 million in financing. Mr. Barrett has assisted public and private mining companies in the acquisition of mineral properties in the Democratic Republic of the Congo (DRC), including claim claim, as well as the establishment and development of businesses in the DRC, where he has extensive strategic contacts. Prior to SearchGold, he was COO of Gilla Inc. Even an RTO with Snoke Distribution Canada Ltd. and President and CEO of Affinor Resources Inc.
Ms. Jorgensen brings to the Board more than 20 years of experience in corporate development, finance, media, public relations, and investor relations, serving on the boards of directors of TSXV-registered issuers. Animet Jorgensen previously served on the boards of both Canada Silver Cobalt and Granada Gold Mine Inc. As Director of Bond Investments at Samoth Capital Corporation, Ms. Jorgensen has raised millions of dollars and dramatically increased shareholder returns. A graduate of CÉGEP Quebec, she completed her education with courses in Business Administration and Marketing as well as the Canadian Securities Course.
The Board of Directors now consists of five members: Chief Executive Officer Frank J. Basa, Chief Matthew Halliday, Diane Tokinay, Daniel Barrett, and Animette Jorgensen.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. Recently a significant system of high-quality silver roses developed in the Castle East region, 1.5 kilometers from the 100% company-owned, formerly producing Castle mine near Gowganda, Ontario in the world’s prolific silver cobalt county in Northern Ontario. The company has completed a 60,000 cubic meter drilling program aimed at expanding the deposits. Resource estimate is being updated.
In May 2020, the Company released the first NI 43-101 compliant resource estimate for the region based on a small initial drilling program. This contained a total of 7.56 million ounces of silver in the denomination inferred. High quality silver (8.582 grams per ton [ungedeckelt] or 250.2 ounces per ton). Please note that mineral resources that are not mineral reserves are not necessarily economically viable – see Canada Silver Cobalt Works news release dated May 28, 2020). Reference Report: Rachidi, M., 2020, “NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada,” as of May 28, 2020; Signing date July 13, 2020.
The company also owns: (1) 14 battery mineral properties in northern Quebec, where it recently completed a drilling program of approximately 15,000 meters on the Graal property, and (2) the prospective 1,000-hectare Eby-Otto gold property near Agnico Eagle’s high-grade . Macassa mine near Kirkland Lake, Ontario, where exploration is in progress.
Canada’s Silver Cobalt mine and 78 km castle property has strong exploration prospects for silver, cobalt, nickel, gold and copper. With access to underground deposits at the 100% owned Castle Mine, an exceptional high-quality silver find at Castle East, a pilot plant for the production of cobalt-rich concentrate by gravity, a processing facility (TTL Laboratories) at Cobalt City, and a mineral extraction process from the metal Hydrogen, Re -2Ox Operations, To produce engineered formulations of Cobalt, Nickel, Manganese, and Cobalt (NMC) sulfates, Canada Silver Cobalt is strategically positioned to position itself as Canada’s leader in the silver and cobalt sector. For more information, see www.canadasilvercobaltworks.com.
Frank J Basa
Frank J Basa, b.
chief executive officer
For more information, please contact:
Frank J Basa, b.
chief executive officer
Canada Silver Cobalt Works Inc.
3028 Square Court
Coquitlam, British Columbia, V3B 5X6
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