Norden Crown Commences Diamond Drilling at Fredriksson MINE, Sweden
NEWS RELEASE
JANUARY 4, 2021 | VANCOUVER, BC
WWW.NORDENCROWNMETALS.COM TSXV:NOCR
NORDEN CROWN COMMENCES DIAMOND DRILLING AT
FREDRIKSSON MINE, SWEDEN
Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV:NOCR, OTC:BORMF,
Frankfurt: 03E) is pleased to announce that it has begun diamond drilling at the past producing
Fredriksson Gruva (Fredriksson Mine) which is located on the Gumsberg Property in the
Bergslagan Mineral Provice of southern Sweden. Silver-lead-zinc sulphide mineralization at
Fredriksson Gruva is associated with ghanite in garnet-rich metamorphic rocks and is interpreted
to belong to the Broken Hill Type (BHT) mineral deposit clan, named after the Broken Hill deposit,
the largest accumulation of Pb, Zn and Ag on Earth1.
“Fredriksson Gruva is a very exciting shallow exploration drilling target” stated Patricio Varas,
Norden Crown’s. CEO, “Broken Hill-Type deposits constitute some of the world’s largest ore
deposits and the identification of this style of mineralization on the Gumsberg Licenses
considerably increases the potential for a drill discovery.”
Historical data at Fredriksson Gruva demonstrates silver-lead-zinc mineralized zones form a
moderately east plunging fold geometry that is open in all directions (Figure 1). Test mining from
an open pit where these zones reach the surface produced 21,000 tonnes grading 53 g/t silver,
5.13% zinc, and 1.7% lead2. Subsequent underground mining production down to 91 meters
produced and additional 45,000 tonnes grading 49 g/t silver, 5.77% zinc, 1.84% lead1.
Fredriksson Gruva Diamond Drilling
Initial diamond drilling at Fredriksson Gruva consists of a 4-hole, ~700m test below the historical
workings where a recent 3D geological modeling initiative including surface and subsurface
lithology, structure and assay data demonstrates that silver-zinc-lead mineralization extends to
approximately 400 meters depth. Mining at Fredriksson Gruva removed ore from a surface pit
and from underground levels to approximately 120 meters down-dip (75 vertical meters from
surface) and demonstrates that mineralization ranges between 3 and 10 meters in thickness.
The goal of the initial drilling at Fredriksson Gruva is to confirm the silver-zinc-lead grades and
to test the vertical and lateral continuity of mineralization.
1Spry, Paul & Teale, Graham & Steadman, Jeffrey. (2009). Classification of Broken Hill-Type Pb-Zn-Ag Deposits: A Refinement.
AGU Spring Meeting Abstracts.
2Edberg, L., and Flood, B., 1982. Rapport Grb 262 SLUTRAPPORT FRAN DIAMANTBORRNINGARNA VID
FREDRIKSSONGRUVAN (GYLLINGEN) 1981/1982© Sveriges geologiska undersökning (SGU) (Geological Survey of Sweden)
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Norden Crown’s 3D modeling utilizes drill results that are historical in nature. Norden Crown has
not undertaken any independent investigation of the sampling nor has it independently analyzed
the results of the historical exploration work to verify the results. Norden Crown considers these
historical drill results relevant as the Company will use this data as a guide to plan future
exploration programs. The Company also considers the data to be reliable for these purposes,
however, the Company's future exploration work will include verification of the data through
drilling.
Figure 1. Oblique 3D interpretation of mineralization at Fredriksson Gruva. Note that the
mineralization is interpreted to extend beyond the limits of historical drilling at depth and laterally.
About the Gumsberg Project
The strategically situated Gumsberg project consists of six exploration licenses in the
Bergslagen Province of southern Sweden totaling over 18,300 hectares, where multiple zones of
VMS and related styles of mineralization occur. Silver-rich mineralization at Gumsberg was
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mined from the 13th century through the early 1900s, with over 30 historic mines present on the
property, most notably the Östra Silvberg Mine which was the largest silver mine in Sweden
between 1250 and 1590. Despite its long-lived production history, relatively little modern
exploration has taken place on the project. New geologic interpretations, geophysical surveys
and reconnaissance drilling have led to the identification of multiple new exploration targets near
the historic workings.
Qualified Person
Daniel MacNeil, P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects, has read and approved all technical and scientific information
contained in this news release. Mr. MacNeil is Vice President Exploration for Norden Crown.
About Norden Crown Metals Corp.
Norden Crown is a mineral exploration company focused on the discovery of silver, zinc, copper,
and gold deposits in exceptional, historical mining project areas spanning Sweden and Norway.
The Company aims to discover new economic mineral deposits in known mining districts that
have seen little or no modern exploration techniques. The Company is led by an experienced
management team and an accomplished technical team, with successful track records in mineral
discovery, mining development and financing.
On behalf of Norden Crown Metals Corp.
Patricio Varas, Chairman and CEO
For more information on Norden Crown please visit the Company website at
www.nordencrownmetals.com or contact us at +1.604.618.1835 or [email protected].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed "forward‐looking statements". Forward‐looking
statements are statements that are not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions,
or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may
include, without limitation, statements relating to future outlook and anticipated events, such as the successful
completion of the Private Placement or the anticipated use of proceeds of the Private Placement by the Company.
Although Norden Crown believes the expectations expressed in such forward‐looking statements are based on
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reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and
uncertainties, and actual results or realities may differ materially from those in the forward‐looking statements. Such
material risks and uncertainties include, but are not limited to, Norden Crown's ability to raise sufficient capital to
maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt
and for general working capital purposes; changes in economic conditions or financial markets; the ability of Norden
Crown to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained,
to obtain such permits and consents in a timely fashion relative to Norden Crown plans and business objectives for
the projects; the general ability of Norden Crown to drill test its projects and find mineral resources; if any mineral
resources are discovered or acquired, the Company's ability to monetize any such mineral resources; and changes in
environmental and other laws or regulations that could have an impact on the Company's operations. Forward‐looking
statements are based on the reasonable beliefs, estimates and opinions of Norden Crown management on the date
the statements are made. Except as required by law, Norden Crown undertakes no obligation to update these forward‐
looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.