Norden Crown Granted Fredriksson Gruva Exploration Permit
Norden Crown Granted Fredriksson Gruva
Exploration Permit
VANCOUVER, BC
,
Dec. 9, 2020
/CNW/ - Norden Crown Metals Corp. (
"
Norden Crown
" or the
"
Company
") (TSXV: NOCR) (OTC: BORMF) (
Frankfurt
: 03E) is pleased to announce that it has
obtained an exploration permit and an off road driving permit for the Fredriksson Gruva prospect and
can now proceed with diamond drilling.
Norden Crown
has identified a series of drill targets at
Fredriksson Gruva where historical data 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% lead
1
. Subsequent underground mining production down to 91 meters produced and
additional 45,000 tonnes grading 49 g/t silver, 5.77% zinc, 1.84% lead
1
.
"Fredriksson Gruva is a very intriguing prospect because historical mining only exploited ore from the
top 100 meters, but a few historical holes demonstrate high grade silver-zinc-lead mineralization
extends at least
400m
below surface" stated
Patricio Varas
,
Norden Crown's
. CEO, "3D modelling
based on the historical data suggests the mineralization forms an antiform or inclined saddle shape
that plunges a significant distance. The fact that there are no drill holes between the outliying
intercepts and the mine workings excites the technical team as the mineralization remains open at
depth and potentially along strike where continuity may not have been recognized by previous
operators. We are pleased to be in a position to drill this wide open prospect and feel we can
leverage the critical mass of historical data."
3D Geological Modeling
A detailed 3D geological modeling initiative was recently completed at Fredriksson Gruva utilizing
historical drilling and surface data. Geological modeling including lithology, structure and assay data
demonstrates that silver-zinc-lead mineralization has an open fold geometry that plunges moderately
southeast and extends from surface to approximately 400 meters depth. Mineralization is defined
over 120 meters and ranges between 3 and 10 meters in thickness as defined by the historical
drilling data.
Norden Crown's
3D modeling further supports that Fredriksson Gruva mineralization is
open in all directions.
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.
(CNW Group/Norden Crown Metals Corp.)
Fredriksson Gruva or "Fredriksson Mine"
Fredriksson Gruva was discovered in 1976 by LKAB Prospektering AB
1
. Exploration was carried out
in 1976 and 1977 including surface trenching, sampling and drilling of 9 diamond drill holes, which
identified precious metal enriched base metal mineralization
1
. In 1977, AB Statsgruvor (ABS)
acquired the Fredrikssongruvan prospect and conducted open pit test mining in 1978. Test mining
was conducted to a depth of 20 meters below surface and produced 21,500 tonnes. A total of 11
additional holes were drilled in1979 to test the down plunge extent of mineralization. Between 1980
and 1981 mining activities resumed and an underground tram was installed. A total of 45,000
additional tonnes were produced from workings that extend to a depth of 91meters (4 underground
levels)
1
. Also during this period, 4 holes were drilled and a core re-logging progam was completed.
In addition, surface trenching and a magnetic geophysical survey was completed.
Norden Crown
staked the Fredriksson Gruva prospect as part of a larger staking acquisition (Gumsberg nr 9) in
March, 2017. This licence is referred to as "Gumsberg West" and forms the western half of the
highly prospective Gumsberg Project.
1
Edberg, L., and Flood, B., 1982. Rapport Grb 262 SLUTRAPPORT FRAN DIAMANTBORRNINGARNA VID FREDRIKSSONGRUVAN (GYLLINGEN) 1981/1982© Sveriges
geologiska undersökning (SGU) (Geological Survey of Sweden)
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 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
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 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.
SOURCE
Norden Crown Metals Corp.
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For further information:
on Norden Crown please visit the Company website at
www.nordencrownmetals.com or contact us at +1.604.618.1835 or [email protected]
CO: Norden Crown Metals Corp.
CNW 13:35e 09-DEC-20