Canada Silver Cobalt Works Inc. (TSXV:CCW) recently announced that it has started drilling in the Lowney-Lac Edouard property, located in Northwestern Quebec, Canada. The latest project is aimed at exploring for nickel, copper, and cobalt on the property to potentially increase the continued production of these minerals.
The Lowney-Lac Edouard property covers approximately 9,316 hectares and is located in an area highly prospective for nickel copper and cobalt. It has multiple historical occurrences of copper, nickel, and cobalt along a belt that is approximately 6 km in length.
The company is drilling four initial holes in the property, targeting the potential for additional nickel, copper, and cobalt mineralization. The four holes will be drilled up to 200 meters in depth. Following the initial drilling, the company could potentially undertake additional drilling and exploration activities depending on the results of the initial work.
The project’s purpose is to potentially create a larger resource base for Canada Silver Cobalt and to potentially increase production of nickel, copper, and cobalt. Currently, the company operates a 10,100 t/d underground mine at its Castle Mine Project and is looking to expand this production capacity.
The project is expected to take between six and eight weeks to complete and the results will be announced as soon as they are available. The presence of a Copperwood Project located very close to property is an indication that the area is highly prospective for nickel copper and cobalt mineralization.
In addition to the resources derived from the Lowney-Lac Edouard project, Canada Silver Cobalt is currently in the process of advancing its Reid Lake property, also located in Northwestern Quebec. The property is 663 hectares in size and is also prospective for nickel, copper, and cobalt.
The current project is part of the company’s plans to increase the production of rare battery minerals which are a key component of clean energy battery technology. With increasing demand for clean energy and electric vehicles, the nickel, copper, and cobalt produced at the Lowney-Lac Edouard property and Reid Lake property could be used to provide a much-needed component for batteries.
The news of the drilling activities at the Lowney-Lac Edouard property, is yet another indication of the company’s commitment to expand its production capacity and is a great opportunity for the company to potentially increase its revenues. With increasing demand for nickel, copper, and cobalt for battery technology, the Lowney-Lac Edouard project has the potential to be a great success for the company.