CSR returns high-grade cobalt at Beaver Property
Monday, Dec 11, 2017
Castle Silver Resources Inc. is pleased to provide the following exploration and corporate update:

Highlights:

  • An initial work program at its Beaver Property, a former silver producer in Cobalt, Ontario, has returned high-grade cobalt from three composite samples collected from select hand-cobbed material at surface;
  • The three composite samples, with a total weight of 38.7 kg, averaged 4.68% cobalt, 46.9 g/t silver, 3.09% nickel and 0.08 g/t gold;
  • To better reflect its focus on cobalt, Castle Silver Resources will be proposing a name change for the Company at its upcoming Annual General Meeting in February.

Frank Basa, CSR President and CEO, commented: "The Beaver Property played an important role in the mining history of the town of Cobalt as a very high-grade silver producer.  These sampling results reinforce our excitement regarding the cobalt potential of this strategically located property which is patented ground owned 100% by CSR.  The Beaver complements our flagship Castle Property and gives shareholders additional leverage to a robust cobalt market.

"Our proposed name change will further build CSR's brand in the Canadian cobalt sector with the Company holding unique competitive advantages in the northern Ontario Cobalt region including underground access at Castle and a proprietary metallurgical process (Re-2OX).  We look forward to providing shareholders with additional updates prior to year-end," Basa concluded.   

Hand-cobbed samples from Beaver are grab samples and are not necessarily representative of mineralization hosted on the property.

For more information, please visit: https://www.castlesilverresources.com/

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