Nord Precious Metals Preliminary 3D model Shows Exploration Upside of Little-Explored Lower Contact of the “Productive Nipissing Diabase”
Nord Precious Metals Preliminary 3D model Shows Exploration Upside of
Little-Explored Lower Contact of the “Productive Nipissing Diabase”
May 6, 2025 - Nord Precious Metals Mining Inc. (TSX.V: NTH) (OTCQB: CCWOF) (FRANKFURT: 4T9B) (the
"Company" or "Nord") doubles down to explore the previously under-explored lower contact of a mafic intrusive
known as the productive Nipissing Diabase in the Gowganda Silver Camp of Northeastern Ontario.
In the Gowganda Camp alone, the mines in the Miller Lake Basin produced just over 60 Million ounces silver, the
majority coming from three mines – one of which was the Castle Mine No. 3. The vast majority of the high-grade
silver mineralization was recovered from the upper portion of the productive Nipissing Diabase. The production
figures from the Cobalt Camp – including the satellite camps of Gowganda, Casey and South Lorrain – reach over
one half Billion ounces of silver.
“The high-grade silver intercepts the company drilled: 89,859 grams per tonne (2,621 ounces per Ton) over 0.30
meters, 50,583 grams per tonne (1,626 ounces per Ton) over 0.6 meters and 70,380 grams per tonne (2,263
ounces per Ton) over 0.3 meters, are all in the productive Nipissing Diabase”, commented Frank J. Basa, B.Eng.,
PEO, CEO. “Expanding the current exploration program to include the lower contact of the Nipissing Diabase has
the potential of further discoveries of high-grade silver veins.”
Nord’s recently completed 60,000-meter drill program identified high-grade silver intersections both in the upper
and lower portions of the Nipissing diabase. Nord has mining leases covering 518 hectares in the area with at
least 215 hectares of surface area having had little previous exploration no production workings. With improved
technology in drilling and geophysics, this provides 215 hectares of prospective exploration on each of the upper
and lower contacts of the Nipissing Diabase. With five veins already identified and a potential for a number of
additional veins also now identified, future drilling will continue to explore the upper contact while using wedges
and downhole geophysics to direct deeper drilling to more effectively explore the lower contact of the Nipissing
Diabase.
The veins in the Gowganda area are hosted primarily within an approximately 300-metre-thick undulating mafic
intrusive sill known as the Nipissing diabase where mineralization occurs in narrow, steeply dipping veins. Veins
can be single and typically narrow or branching veins forming vein systems up to a few metres wide. Historically,
production was located almost exclusively in the upper half of t he Nipissing diabase and mostly in the western
part of the basin where the Nipissing diabase was at or close to surface. Nord’s Castle No.3 Mine’s earlier
workings were focussed on the shallower upper contact veins. The later production in the 1970s and 1980s
extended the workings deeper to explore and produce from the lower contact of the Nipissing diabase . The
adjacent Capitol Mine shaft, located 1 kilometer southeast of the Castle No.3 shaft and whose workings extend
under a portion of Nord’s Castle East leases, extends only into the upper half of the Nipissing diabase.
Nord Precious Metals Mining Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com.
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Qualified person
The technical information in this news release was approved and prepared under the supervision of Mr. Frank J.
Basa, B.Eng., (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument
43-101.
About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. operates the only permitted high -grade milling facility in the historic Cobalt
Camp of Ontario, where the company has established a unique position integrating high -grade silver discovery
with strategic metals recovery oper ations. The Company's flagship Castle property encompasses 63 sq. km of
exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery.
In May 2020, based on a small initial drill program, the Company published the region’s first 43 -101 resource
estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade
silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B)
of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral
resources that are not mineral reserves and do not have demonst rated economic viability. Please refer to the
Nord Precious Metals (previously Canada Silver Cobalt Works) Press Release May 28, 2020 , for the resource
estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle
East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13,
2020.
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Nord's integrated processing strategy leverages the synergistic value of multiple metals. High -grade silver
recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals,
while the company's proprietary Re-2Ox hydrometallurgical process enables production of technical -grade
cobalt sulphate and nickel -manganese-cobalt (NMC) formulations. This multi -metal approach, combined with
established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize
on both precious metals markets and the growing demand for battery materials.
The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35%
ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising
260 square kilometers of prospective ground near Cochrane, Ontario.
More information is available at www.nordpreciousmetals.com.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
Caution Regarding Forward-Looking Statements
Neither the 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. This news release may contain forward-looking
statements which include, but are not limited to, comments that involve future events and conditions, which are subject to
various risks and uncertainties. Except for statements of historical facts, comments that address resource potential,
upcoming work pr ograms, geological interpretations, receipt and security of mineral property titles, availability of funds, and
others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary
materially from those statements. General business conditions are factors that could cause actual results to vary materially
from forward-looking statements. The Company does not undertake to update any forward -looking information in this
news release or other communications unless required by law.