Nord Precious Metals Unveils New Silver Zone at Castle East; Introduces "All-Stars" Zone with up to 5,441 gpt Silver The prolific Miller Lake Basin produce d over 60M ounces of Silver from limited mining of the northwestern edge, there remains the opportunity to explore and discover new
Nord Precious Metals Unveils New Silver Zone at Castle East;
Introduces "All-Stars" Zone with up to 5,441 gpt Silver
The prolific Miller Lake Basin produce d over 60M ounces of Silver from limited mining of the
northwestern edge, there remains the opportunity to explore and discover new
mineralization.
May 21, 2024 – Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Nord” or “Nord Precious Metals”), a prominent exploration company specializing
in silver and cobalt, is thrilled to announce the discovery of a significant new silver zone at the Castle East
property, named the "All Stars" zone. This exciting discovery marks a pivotal moment in the development of
Castle East and underscores the potential for substantial silver resources within the project area.
Highlights:
- New high-grade silver mineralized “All-Stars” zone discovered 400 – 500 meters from the high-grade
silver Robinson zone
- Two separate vein structures grading 5,441 and 3,730 grams per tonne (gpt) silver discovered in the
former Capitol Silver mine, now on Nord mining leases
- Potential for a massive, mineralized silver – cobalt discovery in an area where only 25 percent has
been historically explored and developed to produce 60 million ounces of silver
Nord Precious Metals is pleased to report significant silver intercepts from the recent drilling campaign at the
“All-Stars” zone. In hole CS-23-123, the company intercepted notable silver mineralization, including a high-
grade interval of 5,441.4 grams per tonne (gpt) silver over 0.37 meters at a depth of 446.55-446.92 meters
downhole. Additionally, an intercept from 461.25-462 meters (0.75 meters) returned 3,730 gpt silver. These
intercepts demonstrate the rich silver potential within the project area.
Nord Precious Metals Mining Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com.
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Figure 1: Portion of Interval CS-23-123, 446.55m, 5,441.4 gpt Ag
This new mineralization is about 400-500 meters away from the Robinson and Big Silver veins. In the
Gowganda context, that is huge as there isn’t a large distance required to have significant and distinct
mineralization in these types of systems. By looking at the historic mining in the area, there is continuity of
these veins running many hundreds of meters and with vertical extents over many levels in the mines. This
represents the first time we have really entered the historic Capitol Mine system directly, and it will be
interesting to see if it extends toward the Robinson. There is some geophysical evidence and mineralogical
evidence of a significant east-west trend there.
The Capitol and O’Brien mines in Gowganda produced about 52.02 million ounces of silver and 1.6 million
pounds of cobalt of the over 60 million ounces produced in Gowganda. (Gowganda | Battery Mineral
Resources Corp. (bmrcorp.com) ) This is the first time Nord Precious Metals has investigated the
mineralization of the Capitol extending onto Nord’s leases . We are aware that the system was never
completely mined out due to infrastructure constraints because ore from deeper levels had to be handled a
number of times through a series of winzes before being hoisted to surface. (PROSPECTUS OF MILNER
CONSOLIDATED SILVER MINES LTD (gov.on.ca))
“The opportunity here in Gowganda is significant. We must remember that only about 25 percent or less of
the Miller Lake Basin was mined - almost all of which was in the northwestern edge of the basin ’the low
hanging fruit’. Extensions from the Capitol Mine system are an important part at expanding resources ,”
commented Matthew Halliday, P.Geo., President of Nord Precious Metals. " We have multiple targets to
explore, and a big system to do it in.”
The first intercept at 446.55 meters is situated between two historic stopes of the Capitol Mine, indicating
continuity of mineralization within the established mining areas. The subsequent intercept at 461.25 meters
extends beyond the second stope, highli ghting the potential for mineralization expansion into previously
unexplored zones.
Hole CS-23-123 intersected Nipissing Diabase, the primary lithology hosting silver and cobalt mineralization,
from 351.9 to 471 meters downhole. Additional analyses for cobalt and silver are underway, focusing on
identified mineralized zones such as a calcite vein with cobalt at 390.9 meters and trace silver and cobalt in a
vein at 392.8 meters downhole. Cobalt mineralization was also observed in veins at 434.4 and 442.7 meters,
with another vein logged at 462.7 meters downhole.
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In light of the "All Stars" zone discovery, Nord Precious Metals plans on initiating infill drilling on a grid
between the "All Stars" zone and the Robinson Zone - another key vein system within the Castle East property.
This strategic drilling campaign aims to investigate potential linkages between these vein systems and unlock
additional mineralization opportunities.
"We are thrilled to unveil the discovery of the 'All Stars' zone at Castle East, marking a turning point in our
exploration endeavours," commented Matthew Halliday, P.Geo., President of Nord Precious Metals. "It is
imperative that we conduct infill drilling to thoroughly assess the connectivity between the 'All Stars' zone
and the Robinson Zone, as we believe this could reveal valuable insights into the property's geological
potential."
Table 1: Location of holes, Nad83 Zone 17N
Hole number Northing Easting Elevation Length Azimuth Dip
CS-23-123 5279039.06 520484.04 401.1 471 348 -52
Table 2: Key Intercepts
Hole From (m) To (m) Length (m) Sample Ag (gpt)
CS-23-123 446.55 446.92 0.37 DH0013187 5441.4
CS-23-123 461.25 462 0.75 DH0013208 3730
Nord Precious Metals remains committed to advancing exploration efforts at Castle East and leveraging its
expertise to maximize the value of its silver and cobalt resources, as well as to exploring and unlocking the full
potential of the Gowganda Camp. With these promising initial results, we are poised to continue our rigorous
exploration efforts, furthering our understanding of the region's geological intricacies and unlocking its
mineral wealth. Interested investors can access information about Nord Precious Metals at its website,
NordPreciousMetals.com and its social media channels at X(Twitter), LinkedIn, Facebook, and YouTube for
which links are available on the Company’s website.
Qualified person
The technical information in this news release was approved by and prepared under the supervision of
Matthew Halliday, P.Geo., (PGO), President and COO Nord Precious Metals., a qualified person in accordance
with National Instrument 43-101.
Quality Control and Reporting Protocols
The 2023 assay results are from Temiskaming Testing Laboratories (TTL) in Cobalt, Ontario. The drill
program, quality assurance, quality control (QAQC), and interpretation of results are performed by qualified
persons employing procedures consistent with NI 43-101 and industry best practices. Standards and blanks
are included with every 20 samples for QAQC purposes for this program in addition to the lab QAQC.
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.
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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 16,000-metre drill program; (2) the prospective 1,000-hectare Eby-Otto gold property close to
Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it is exploring. And (3) 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
X(Twitter): https://twitter.com/nordmetals
LinkedIn: https://www.linkedin.com/company/nord-precious-metals/
Facebook: https://www.facebook.com/nordpreciousmetals/
“Frank J. Basa”
Frank J. Basa, P. Eng. Professional Engineer Ontario
Chief Executive Officer
For further information, contact:
Frank J. Basa
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 programs, geological interpretations, receipt and security of mineral
property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees
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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.