Norden Crown Completes High Resolution Ground Magnetic Survey at Fredrikssons Gruvan, Gumsberg Project
NEWS RELEASE
May 9th, 2022
CAN: 40184107.2
NORDEN CROWN COMPLETES HIGH RESOLUTION GROUND MAGNETIC
SURVEY AT FREDRIKSSONS GRUVAN, GUMSBERG PROJECT
Vancouver, B.C., May 9th, 2022. Norden Crown Metals Corp. (“Norden Crown” or the
“Company”) (TSXV:NOCR, OTC:NOCRF, Frankfurt:03E) is pleased to announce completion of a
450 line-km ground magnetic survey at the Fredrikssons Gruvan prospect (“Fredrikssons
Gruvan”) in the Bergslagen province of Southern Sweden. This is the largest and highest-
resolution magnetic survey completed in the history of the area.
The magnetic survey follows up on the first three discovery holes at Fredrikssons Gruvan,
drilled in the winter of 2021, where all three holes intersected significant mineralized widths
ranging from 8.15 to 13.6 metres of precious and base metal (see Table 1), massive and semi-
massive sulphide mineralization, within a geological setting unique to mineralization belonging
to the Broken Hill Type (“BHT”) clan of silver rich zinc-lead ore deposits.
“The preliminary results of this large ground based magnetic survey are exciting and provide
new prospective on the potential for additional BHT mineralization ” stated Patricio Varas,
Executive Chairman. “This high-resolution magnetic survey allows us to track magnetite-rich
bands of sedimentary rocks that we know are associated with BHT mineralization which we
will refine in the coming weeks and use to guide additional exploration drilling at Fredrikssons
Gruvan”.
Significant drill intercepts (see News Release dated March 1, 2021) by Norden Crown
demonstrate that silver-lead-zinc mineralization is spatially associated with magnetite-rich
chemical sedimentary rocks, which are highly magnetic and can be tracked effectively in the
surface and subsurface using a ground magnetic geophysical survey (Figure 1). Norden Crown
is interpreting the newly collected magnetic data to enhance the surface and subsurface
geological understanding of Fredriksson Gruvan and track high priority magnetite -bearing
rocks which maybe associated with silver-lead-zinc potential across the property (Figure 1).
About The Fredrikssons Gruvan Mine
Fredrikssons Gruvan was discovered in 1976 by LKAB Prospektering AB. Exploration was carried
out in 1976 and 1977 including surface trenching, sampling and 9 diamond drill holes which
identified precious metal enriched base metal mineralization. In 1977, AB Statsgruvor (ABS)
NEWS RELEASE
May 9th, 2022
CAN: 40184107.2
acquired the Fredrikssons Gruvan prospect and conducted open pit test mining in 1978. Test
mining was conducted to a depth of 20 metres below surface and produced 21,500 tonnes
grading 53 g/t silver, 5.13% zinc and 1.7% lead, and to a depth of 20 metres. A total of 11
additional holes were drilled in 1979 to test the down plunge extent of mineralization. Between
1980 and 1981 mining activites resumed and an underground tram was installed. A total of
45,000 additional tonnes grading 49 g/t silver, 5.77% zinc and 1.84% lead were produced from
workings that extend to a depth of 91 metres (4 underground levels)1.
Figure 1. Fredrikssons Gruvan Total Magnetic Intensity (TMI) image with surrounding mineral deposits and
prospects.
Drilling at Fredrikssons Gruvan
The three discovery drill holes (see Figure 1) (totaling 569 metres) completed at Fredrikssons
Gruvan were part of an eleven hole, 2,365.6 metre, diamond drill program completed at the
NEWS RELEASE
May 9th, 2022
CAN: 40184107.2
Company’s 100%-owned Gumsberg Project, located in the Bergslagen Mining Region of
southern Sweden. The objective of the drill program was to demonstrate that mineralization
continues beneath the historical mine workings, which extend to 91 metres below surface. The
program was also designed to confirm historical silver-zinc-lead grades, thicknesses, and to test
the continuity of this mineralization. Holes GUM-20-09 and GUM-20-10 are positioned 30
metres down plunge of the historical underground workings and are spaced 40 metres apart.
Hole GUM-20-11 is 30 metres below GUM-20-10 (60 metres below the historical workings) (see
Figure 2). Assay results from the program are presented in Table 1.
Drill Prospect From To Length Zinc Lead Silver
Hole Name (metres) (metres) (metres) (%) (%) (g/t)
GUM-20-09 Fredrikssons Gruvan 123.70 134.05 10.35 5.24 1.84 43.86
GUM-20-10 Fredrikssons Gruvan 134.90 148.50 13.60 6.05 1.39 43.20
GUM-20-11 Fredrikssons Gruvan 151.85 160.00 8.15 3.83 0.50 18.13
Table 1. Results from drilling at Fredrikssons Gruvan4.
Figure 2. Oblique section looking north-west showing recent drill intercepts (black), historical drill intercepts5,6
NEWS RELEASE
May 9th, 2022
CAN: 40184107.2
(grey) and currently modelled silver-lead-zinc mineralization at Fredrikssons Gruvan.
Magnetic Survey Parameters and Specifications
The area of interest for the ground survey was planned with the Fredrikssons mine as a central
focus of the survey area. The survey was completed with 25-metre spaced northwest-
southeast oriented survey lines, perpendicular to the regional magnetic trend at Gumsberg
West. The total survey duration was 7 weeks and was concluded on April 2, 2022.
The ground survey utilized GEM Systems GSM-19 (Overhauser) magnetometers both for the
base station and for the survey sensor.
About Norden Crown Metals Corp.
Norden Crown is a mineral exploration company focused on the discovery of Zinc, Copper,
Silver, Gold, Cobalt, and Nickel 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. The Company is led by an
experienced management team and technical team, with successful track records in mineral
discovery, mining development and finance.
References
1. Edberg, L., and Flood, B. (1982). SLUTRAPPORT FRAN DIAMANTBORRNINGARNA VID
FREDRIKSSONGRUVAN (GYLLINGEN) 1981/1982©. Rapport Grb 262. Sveriges geologiska
undersökning (SGU) (Geological Survey of Sweden).
2. Geijer, P., and Magnusson, H. (1944). De Mellansvenska Järnmalmernas Geologi. Ca 35.
Sveriges Geologiska Undersökning (SGU) (Geological Survey of Sweden). p468.
3. SGU Drillcore Archive Malå. Norbo. Archive 2. Boliden (1965). ObjectID: 9046-9056.
4. See Norden Crown Metals Corp. News Release dated March 1, 2021.
5. Flood, B., and Edberg, L. (1983). TIDIGARE ARBETEN INOM GYLLINGEN 102 S AMT
AVSLUTANDE BORRNINGAR PÅ FREDRIKSSONGRUVAN 1983. Rapport Bsg 306. Grb 306.
Sveriges Geologiska Undersökning (SGU) (Geological Survey of Sweden).
6. Fredrikson, G. (1978). Zink-Bly-Mineraliseringen vid Gyllingen. Rapport Grb 36. Sveriges
Geologiska Undersökning (SGU) (Geological Survey of Sweden). p39.
NEWS RELEASE
May 9th, 2022
CAN: 40184107.2
Qualified Person
Daniel MacNeil, P.Geo, a Qualified Person as defined by National Instrument 43-101, has read
and approved all technical and scientific information related to the Gumsberg project
contained in this news release. Mr. MacNeil is Vice President Exploration for Norden.
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 +1.604.922.8810 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
growth potential of the Gumsberg Project; future diamond drilling at Fredrikssons Gruvan; the continuity and future discovery of BHT style
mineralization at Fredrikssons Gruvan; and the future delineation of a magnetite-rich iron formation at Fredrikssons Gruvan. Although Norden
Crown believes the expectations expressed in such forward-looking statements are based on 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, the ability of the various contrac ted
entities to complete their duties within the time expected by the Company; inclement weather conditions that may impede, delay or stop all
or part of the exploration program; the effects of the Covid -19 epidemic or other epidemics or pandemics; mechanical breakdowns of
equipment used in the exploration programs, changes in economic conditions or financial markets; the ability of Norden Crown to obtain the
necessary consents required to explore, drill and develop the projects and, if obtained, to obtain such 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 a nd 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 dat e 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.