Le Lézard
Classified in: Mining industry
Subject: PER

Canada Silver Announces Passing of CFO Tom Devlin


COQUITLAM, BC, Oct. 23, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is saddened to report the sudden passing of Chief Financial Officer Tom Devlin. Mr. Devlin joined the Company as CFO in 2015.

Frank Basa, CEO to the Company, remarked "it is with great sadness that we share the news of Tom's passing and our entire Company mourns his death. Tom was a well-respected colleague and a friend to many. Tom brought many years of experience, commitment, and a sense of humour to our lives. He will be missed both personally and professionally."

The Company has immediately engaged the process to appoint and hire a new interim CFO, Robert Guanzon, to secure the proper handling during this transition.

Mr. Guanzon has many years of experience as a CFO for public companies. Mr. Guanzon holds a Bachelor's degree in Accounting, and is a member of Chartered Professional Accountants of British Columbia.

About Canada Silver Cobalt Works Inc. www.canadasilvercobaltworks.com

Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp in May 2020. A total of 7.56 million ounces of silver inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters, was reported. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).

Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific, past-producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space

"Frank J. Basa"
Frank J. Basa, P. Eng.
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE Canada Silver Cobalt Works Inc.


These press releases may also interest you

at 08:29
Leading construction machinery manufacturer XCMG (000425.SZ) has delivered a DL560 wheel bulldozer - its largest wheel loader - to Mongolia. The delivery marks full access for the Mongolia mining industry to XCMG's entire product line of...

4 déc 2020
Canada Nickel Company Inc. ("Canada Nickel" or the "Company") today announced that the Company has filed on SEDAR an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 ? Standards of Disclosure for...

4 déc 2020
TSX VENTURE COMPANIES FABLED SILVER GOLD CORP. ("FCO")[formerly Fabled Copper Corp. ("FCO")]BULLETIN TYPE:  Resume Trading, Property-Asset or Share Purchase Agreement, Private Placement-Brokered, Name ChangeBULLETIN DATE:  December 4, 2020TSX Venture...

4 déc 2020
Lundin Mining Corporation ("Lundin Mining" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Lundin Mining's intention to renew its normal course issuer bid (the "NCIB"). The Company intends to...

4 déc 2020
Centerra Gold Inc. ("Centerra") is pleased to announce the appointment of Mr. Tengiz A.U. Bolturuk to its Board of Directors. Centerra also announces the resignation of Mr. Askar Oskombaev from its Board of Directors. Mr. Bolturuk, a dual citizen...

4 déc 2020
Giyani Metals Corp. (GR:A2DUU8) ("Giyani" or the "Company") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. ("Cormark") pursuant to which Cormark has agreed to act as the lead agent on behalf of a syndicate...



News published on 23 october 2020 at 16:30 and distributed by: