Nord Precious Metals Unveils Promising Gold Results in Gowganda Camp Unlocking both the Archean Gold and the Nipissing Silver
Nord Precious Metals Unveils Promising Gold Results in Gowganda
Camp
Unlocking both the Archean Gold and the Nipissing Silver
March 5, 2024 – Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Nord” or “Nord Precious Metals”) , following extensive drilling efforts targeting
both silver and gold mineralization, Nord Precious Metals is thrilled to announce the initial findings from hole
CS-23-123. These results mark a significant step forward in our exploration endeavors within the Gowganda
Camp.
In addition to our ongoing pursuit of mineralization at the Castle East Silver Deposit, we have strategically
designed holes to investigate the compelling gold values uncovered during our summer stripping and
prospecting activities. Our exploration team is excited about the potential for a regional gold target within the
Gowganda Camp at the system level.
Results from CS-23-123:
• The targeted zone was intersected with gold results up to 3.05 grams per tonne. The zone here is about
9 m wide consisting of anomalous gold mineralization within a zone of strong pervasive chlorite
alteration of the rocks and intense fracturing.
• Within this zone is a 3.83 m zone running at a weighted average of 1.41 grams per tonne Au in the
range represented in the table below from 252.2 m to 256.03 m.
• This drill campaign represents the beginning stage of defining multiple gold trends across the
property with these early results being very encouraging from a system perspective. Additional
results are pending.
Sample
From
(m) To (m)
Length
(m) Au (g/t)
DH0013118 252.2 253.15 0.95 1.15
DH0013119 253.15 254.08 0.93 0.508
DH0013121 254.08 254.8 0.72 0.491
DH0013122 254.8 255.45 0.65 2.67
DH0013123 255.45 256.03 0.58 3.05
Nord Precious Metals Mining Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
www.nordpreciousmetals.com.
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"These new gold grades are very encouraging," stated Matthew Halliday, President at Nord Precious Metals.
"We believe there is substantial potential for understanding a broader system within the Gowganda Camp.
While a large gold system may exist independently from the silver system, it could hold vital clues that
enhance our understanding of the area's broader geology."
The Castle East Silver Deposit sits atop a large Archean shear, which may play a pivotal role in both the
deposition of Archean gold mineralization on -site and the potential remobilization of these minerals into
younger silver veins.
Nord Precious Metals remains committed 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
Mr. Matthew Halliday, P.Geo., (PGO), President, COO and VP Exploration of Nord Precious Metals Inc., a
qualified person in accordance with National Instrument 43-101.
Quality Control and Reporting Protocols
These assay results are from TTL in Cobalt, Ontario. The drill program, quality assurance, quality control
(QAQC), and interpretation of results is performed by qualified persons employing procedures consistent
with NI 43-101 and industry best practices. Either a Standard or a blank is included with every 10 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.
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; and (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. (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.
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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
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.