Norseman Silver Completes Surface Program At Silver Switchback
Norseman Silver Completes Surface Program At Silver Switchback
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
Vancouver, British Columbia – August 18, 2021 – Norseman Silver Inc. (TSXV:NOC)
(“Norseman” or the “Company”) is pleased to announce that it has completed a surface
mapping and sampling program at Silver Switchback. Results are pending and are expected
shortly.
A crew from Hardline Exploration Corp. carried out the geochemical rock and grid soil sampling
program at the Silver Switchback property. The field program primarily involved the collection
of additional soil samples to extend the grid coverage to the east and northwest of the
previously sampled areas in the 2012 and 2020 surveys. As well, in-fill soil samples were
collected to the south. The total geochemical soil grid area is now about 4.20km. X 1.5km.
Within this entire sampling zone, an area of about 2.20 km. by 1.20 km. has been delineated as
the area of greater interest. Effectively, this prime target area is now covered by closer-spaced
100m. X 50m. grid sample spacing.
While traversing the lines and soil sampling the pre-determined points, geologic mapping and
rock sampling were also conducted. At the completion of the field campaign, a total of 376 soil
samples and 8 rock samples were collected.
The property is located 55 kilometres east-southeast of Terrace, B.C., in the Stikine terrane. The
rocks on the property are of the Hazelton Group volcanics and sedimentary rocks. To date, only
limited reconnaissance programs have been conducted on the property, which include a small,
anomalous for copper and silver soil grid over the northern portion of the Switchback showing.
The earlier-completed outcrop sampling includes samples that returned 626.3 grams per tonne
Ag and 4.39 per cent Cu, located roughly in the centre portion of the claims (and the showing),
and 138 g/t Ag and 4.02 per cent Cu in an outcrop approximately 100 m to the north.
Volcanic redbed copper (VRC) deposits occur as concordant and peneconcordant disseminated
crosscutting vein, and fault-controlled copper sulphide and/or native copper deposits in
predominantly sub-aerial volcanic sequences. Mineralization can typically comprise
chalcopyrite, chalcocite, bornite covellite and/or native copper which contain silver; this style of
mineralization is distinct from VMS deposits. Common textures and structures are open space
filling, vein and veinlets, replacement, disseminated, and laminated mineralization.
Qualified Person
The technical information in this news release was reviewed by Rene Victorino, P. Geo., Vice
President for Exploration of Norseman Silver Inc., a qualified person as defined under National
Instrument 43-101 (NI 43-101).
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of
the securities in the United States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended, or any state securities laws and
may not be offered or sold within the United States or to or for the account or benefit of a U.S.
person (as defined in Regulation S under the United States Securities Act) unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
On behalf of Norseman Silver Inc.
Sean Hurd
President and CEO
For further information, please contact:
Sean Hurd
President and CEO
T: 604 505-4554
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 STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward
looking statements include estimates and statements that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”,
“may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Company, the Company provides no assurance that
actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-
looking information could cause actual events, results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information. Forward looking information in this news
release includes, but is not limited to: the Company’s objectives, goals or future plans; exploration and drilling
activities; final approval of the Offering; and the use of the proceeds from the Offering. Factors that could cause
actual results to differ materially from such forward-looking information include, but are not limited to: delays in
obtaining or failures to obtain required governmental, environmental or other project approvals; political risks;
inability to fulfill the duty to accommodate indigenous peoples; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets; inflation; changes in exchange rates; fluctuations in
commodity prices; delays in the development of projects; capital and operating costs varying significantly from
estimates; other risks involved in the mineral exploration and development industry; an inability to predict and
counteract the effects of COVID-19 on the business of the Company and markets generally; and those risks set out in
the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.