Battery Sector Strategy Accelerates

Re-2OX achieves recovery through stripping the casing, leaching the cathode of the batteries, and forming a high purity precipitate.

Castle Silver Resources Inc. (TSX.V: CSR, OTC: TAKRF, FRANKFURT: 4T9B) (the “Company” or “CSR”) is pleased to announce that it has started underground extraction at its 100%- owned Castle Silver-Cobalt mine near Gowganda, Ontario, as crews have removed a large sample from a quartz-carbonate vein structure containing visible cobalt on the first level of the mine.

Underground Sampling begins at Castle Mine

Some of the mineralized material is being submitted for immediate assaying while the remainder will be put through the company’s proprietary Re-2OX hydrometallurgical process to produce high purity cobalt powders for battery sector end buyer evaluation. A series of bulk samples will be completed over the next several weeks in conjunction with the start of Phase 1 underground drilling.

Meanwhile, CSR is also using the highly adaptable Re-2OX process for testing recovery of cobalt and lithium from lithium-ion batteries as the Company vigorously pursues exciting opportunities in recycling technology.
A promising first stage of Re-2OX test work on a mixed sample of consumer electronic lithium-ion batteries has been completed by SGS Lakefield and CSR eagerly anticipates reporting results shortly. Re-2OX achieves recovery through stripping the casing, leaching the cathode of the batteries, and forming a high purity precipitate containing the valuable metals.