(TheNewswire)
Coquitlam, BC – TheNewswire- February 26, 2024 – Nord Precious MetalsMining Inc. NNTH CCCWOF (Frankfurt:4T9B) (the “Company” or “Nord Precious Metals”) is pleased toannounce it will participate and present at the PDAC 2024 Conferencein Toronto from March 3 to March 6, 2024 and welcomes the opportunityto meet with investors to discuss recent developments and plans forthe Company.
Management will be available at Booth 2741 andPresident Matt Halliday, P.Geo is making a presentation that willinclude plans for the Company’s Coniagas Battery Metals Inc. spinouton Tuesday March 5 at 10:26 am in Room 801B as part of the Nickel/PGMsession of the Corporate Presentation Forum for Investors.
Following the spinout, Nord Precious Metals intends tofocus on permitting and development at its past-producing Castle Mineand the exceptional high-grade silver-cobalt discovery at Castle Eastwith also numerous gold intercepts including near surface. (See newsrelease January 29, 2024 as well as the 2023 Achievements Summary newsrelease December 21, 2023 and About section below).
The Coniagas spinout will own the 6,113-hectare Graalproperty in Northern Quebec where the Company has discovered severalmassive and semi-massive structures and some impressive intervals ofnickel and copper. Most intercepts are quite shallow with grades upto 28.90m of 1.12% NiEq containing 0.73% Nickel and 0.41% Copper aswell as other elements (cobalt, platinum and palladium). Currentlyexploration is focused on a portion of a 6 km strike length conductorin shallow depths of approximately 50-100m with results supportive ofa large open-pit resource model. The Company has successfullycompleted intensive geophysics and a total of 16,794.60m of drilling at Graal (see thenews release February 27, 2023 for drill results and maps).
Link to recent Nord news releases
https://www.nordpreciousmetals.com/news/category/2024
Link to updated Nord corporate presentation
https://www.nordpreciousmetals.com/Presentation.pdf
Qualified Person
This news release has been reviewed and approved byFrank Basa, P.Eng., CEO of Nord Precious Metals Mining Inc.,a qualified person in accordance with NationalInstrument 43-101 standards.
About Nord Precious Metals MiningInc.
Nord Precious Metals Mining Inc. (formerly CanadaSilver Cobalt Works Inc.) recently discovered a major high-gradesilver vein system at Castle East located 1.5 km from its 100%-owned,past-producing Castle Mine near Gowganda in the prolific andworld-class silver-cobalt mining district of Northern Ontario. TheCompany has completed a 60,000 m drill program aimed at expanding thesize of the deposit with an update to the resource estimateunderway.
In May 2020, based on a small initial drill program,the Company published the region’s first 43-101 resource estimatethat contained a total of 7.56 million ounces of silver in Inferredresources, comprising very high-grade silver (8,582 grams per tonneun-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 verticaldepth of approximately 400 meters. Note that mineral resources thatare not mineral reserves and do not have demonstrated economicviability. Please refer to the Nord Precious Metals (previously CanadaSilver Cobalt Works) Press Release May 28, 2020, for the resourceestimate. 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 propertiesin Northern Quebec where it has recently completed a 16,000-metredrill program on the Graal property; and (2) the prospective1,000-hectare Eby-Otto gold property close to Agnico Eagle’shigh-grade Macassa Mine near Kirkland Lake, Ontario where it isexploring. (3) St. Denis-Sangster lithium project – 260 squarekilometers of greenfield exploration ground with numerous pegmatitesfocussed along a significant volcanic sedimentary rock – Archeangranite contact near Cochrane, Ontario contiguous to Power Metals’Case Lake Lithium properties.
Nord Precious Metal’s flagship silver-cobalt Castlemine and 78 sq. km Castle property feature strong exploration upsidefor silver, cobalt, nickel, gold, and copper. With underground accessat the fully owned Castle Mine, an exceptional high-grade silverdiscovery at Castle East, a pilot plant to produce cobalt-rich gravityconcentrates, a processing facility (TTL Laboratories) in the town ofCobalt, and a proprietary hydrometallurgical process known as Re-2Ox(for the creation of technical-grade cobalt sulphate as well asnickel-manganese-cobalt (NMC) formulations), Nord Precious Metals isstrategically positioned to become a Canadian leader in thesilver-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
E: waynecheveldayoff@gmail.com
Caution Regarding Forward-LookingStatements
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-looking statements. The Company does notundertake to update any forward- looking information in this newsrelease or other communications unless required by law.
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