08:58:23 EDT Sat 18 May 2024
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Nord Precious Metals Mining Inc
Symbol NTH
Shares Issued 302,994,947
Close 2024-03-05 C$ 0.035
Market Cap C$ 10,604,823
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Nord Precious drills 0.95 m of 1.15 g/t Au at Gowganda

2024-03-05 14:05 ET - News Release

Mr. Frank Basa reports

NORD PRECIOUS METALS UNVEILS PROMISING GOLD RESULTS IN GOWGANDA CAMP

Following extensive drilling efforts targeting both silver and gold mineralization, Nord Precious Metals Mining Inc. has released initial findings from hole CS-23-123. These results mark a significant step forward in its exploration endeavours within the Gowganda camp.

In addition to its continuing pursuit of mineralization at the Castle East Silver deposit, the company has strategically designed holes to investigate the compelling gold values uncovered during its summer stripping and prospecting activities. Its 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 nine metres (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-metre zone running at a weighted average of 1.41 grams per tonne gold in the range represented in the attached 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.

"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, the company is poised to continue its rigorous exploration efforts, furthering its understanding of the region's geological intricacies and unlocking its mineral wealth.

Interested investors can access information about Nord Precious Metals at its website 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, PGeo, (PGO), president, chief operating officer and vice-president of exploration of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101.

Quality control and reporting protocols

These assay results are from TTL in Cobalt, Ont. The drill program, quality assurance, quality control (QA/QC) 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 QA/QC purposes for this program in addition to the lab QA/QC.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining recently discovered a major high-grade silver vein system at Castle East located 1.5 kilometres from its 100-per-cent-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-metre drill program aimed at expanding the size of the deposit with an update to the resource estimate under way.

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