Studies are underway to develop a milling processing facility and leach plant.
Castle Silver Resources Inc. (TSX.V: CSR, OTC: TAKRF, FRANKFURT: 4T9B) (the “Company” or “CSR”) announces it has granted stock options to its directors, officers, employees and consultants to purchase an aggregate of 2,550,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.30 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange and will be subject to a hold period of four months and one day.
About Castle Silver Resources
The Castle Silver mine, Beaver mine and Violet mine are three of the most advanced properties in the Cobalt Camp. While they comprise only 2,400 hectares they are sources of high‐grade cobalt that can quickly be developed into a shovel‐ready state. The company also has the Re‐2OX process which has been pilot‐plant‐tested to separate the various metals that comprise the mineralization in the Cobalt Camp vein systems. The company has been to Japan and China to meet with buyers of cobalt‐based salts that are used in the lithium battery market. Studies are underway to develop a milling processing facility and leach plant on one of the Castle Silver Resources’ properties.
“Frank J. Basa” Frank J. Basa P. Eng. President and Chief Executive Officer For further information, contact: Frank J. Basa, P. Eng., President and CEO at 1‐819‐797‐4144, or Wayne Cheveldayoff, Investor Relations, [email protected], 416‐710‐2410
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.