Canada Silver Cobalt Works has secured Ontario Junior Exploration Program (OJEP) funding for its lithium-mapping and geochemistry exploration programs at the Sangster and St Denis projects in the Cobalt Camp.
The company’s 2019/2020 field season will focus on investigating the structures controlling lithium-mineralization in the much-explored area by conducting a geochemical sampling program along with airborne and ground-based geophysical surveys.
To this end, an OJEP grant of $144,584 has been allocated to the project for the 2019/2020 exploration programs. This grant, which was provided by the Ministry of Northern Development and Mines of Ontario, will cover the full cost of the geochemical programs, as well as a portion of the airborne magnetometer surveys, associated GIS mapping and sampling across two of the company’s properties in the Cobalt Camp.
The company’s chairman, Frank Basa, stated: “We are very pleased with the support from the OJEP to explore our 100-percent owned Sangster and St. Denis projects as well as the validation of our lithium-mapping approach. The two projects lie in the heart of the cobalt camp and the objective of our exploration program is not only to map the surface expression of known lithium-bearing mineralization, but also to identify potential extensions of those areas for new discoveries.”
The Cobalt Camp is considered to be one of the top-producing and most economically favorable camps in the area, containing several criteria that make it an ideal lithium exploration target. Canada Silver Cobalt Works’ 2019/2020 exploration season is expected to provide important insights on its Cobalt Camp portfolio regarding potential upstream lithium mine operations.