Nord Precious Metals Recovery Permit Requirements and Planned Processing Program for Miller Creek High Grade Silver Tailings
Nord Precious Metals Recovery Permit Requirements and Planned
Processing Program for Miller Creek High Grade Silver Tailings
November 25, 2024 – Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF)
(Frankfurt: 4T9B) (the "Company" or "Nord” or “Nord Precious Metals”), Is pleased to provide a planned
program for the gravity concentration of the Miller Creek High Grade Silver Tailings and Recovery Permit
Requirements.
Frank J. Basa, President and CEO, commented, " The Ontario Metals Recovery Permit minimizes the
timelines for obtaining conventional mining permits, which historically have been long and challenging for
the junior mining industry.” Further adding, "with demonstrated success in our full value mining approach,
including silver values of up to 786,809 g/t silver in gravity concentrates , two high-grade silver tailings
deposits, and a gravity plant at the ready to process the tailings , Nord has the potential to be revenue
generating in the near term . This represents a transformative opportunity to create value from legacy
mining sites while supporting Ontario's critical minerals strategy."
Recovery Permits Requirements Highlights:
- A “Recovery and Remediation” plan is required to describe the project and set out how the land
would be remediated;
- Amendments under Part VII “Recovery and Remediation” of the Ontario Mining Act , whereby
proponents would not be required to file a closure plan to undertake the proposed recovery of
minerals.
- Amendments tentatively to be proclaimed to the Mining Act mid-2025.
Value Creation Opportunity:
The Company's full value mining strategy targets multiple revenue streams through the recovery of
precious and critical minerals from historical waste streams. As highlighted in the Building More Mines
Act (Bill 71, May 2023), Ontario has modernized its approach to mine waste reprocessing, specifically
through section 152.1 which establishes a streamlined permitting process for tailings recovery projects.
This legislative change positions Nord to potentially expand beyond the Gowganda district into the
broader Cobalt Camp, where numerous historical tailings deposits await similar transformation. Our
Miller Creek project, with demonstrated silver grades averaging 282 g/t silver in calculated head grades,
serves as a proof of concept that could unlock value from legacy mining districts globally.
Planned Processing Program:
Nord Precious Metals Mining Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com.
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The company plans to fly the open stopes by the use of drones to map out the size and extent of the
openings on the first level. Stope volume determinations and stockpiled broken mineralization from
historic mining will be calculated. Using our proven two-stage gravity-flotation process, initial testing has
achieved silver recoveries up to 70 percent with concentrate grades reaching 18,486 g/t silver A recovery
plan will be first undertaken of the mineralized waste rock followed by backfill of the first level and stopes
with processed tailings.
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 accordance with National
Instrument 43-101.
About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. (formerly Canada Silver Cobalt Works I nc.) recently discovered a major
high-grade silver vein system at Castle East located 1.5 km from its 100% -owned, past-producing Castle
Mine near Gowganda in the prolific and world -class silver-cobalt mining district of Northern Ontario. The
Company has completed a 60,000 m drill program aimed at expanding the size of the deposit with an update
to the resource estimate underway.
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 u n-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.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently
completed a nearly 16,000-metre drill program on the Graal property recently spun out to Coniagas Battery
Metals Inc. of which Nord owns 35%; and (2) St. Denis-Sangster lithium project – 260 square kilometers of
greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary
rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals’ Case Lake Lithium
properties.
Nord Precious Metal’s flagship silver -cobalt Castle mine and 78 sq. km Castle property feature strong
exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned
Castle Mine, an exceptional high -grade silver discovery at Castle Ea st, a pilot plant to produce cobalt -rich
gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary
hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as
nickel-manganese-cobalt (NMC) formulations), Nord Precious Metals is strategically positioned to become
a Canadian leader in the silver-cobalt space. 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
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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 thos e statements. General business conditions are factors that
could cause actual results to vary materially from forward -looking statements.