Saturday, January 11, 2020

According to Mining News Pro – The drill program and sampling protocol are being managed by geologists from GoldMinds Geoservices. Holes CS-19-08-W01 to W04 were wedges drilled off the historic CA-11-08 hole, the company said in a media release. Samples were collected using a 0.3-metre minimum length, 1.0-metre maximum length. Drill core recovery averaged 95%.

Canada Cobalt Works also announced separately that it has closed its deal to acquire PolyMet Labs, the only facility in the Northern Ontario Silver-Cobalt district that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing.

At market close Friday, Canada Cobalt Works’ stock was up nearly 5%. The company has a C$57 million market capitalization.