Norden Crown Metals Corp. a mineral exploration company focused on the discovery of silver, zinc, copper, and gold deposits in exceptional, historical mining project areas spanning Sweden and Norway, has started surface exploration at its 100% owned Gumsberg Project. The Gumsberg Project is located in the precious and base metal rich Bergslagen Province of southern Sweden.InvestmentPitch.com has produced a “video” …
Norden Crown Metals Corp. (TSXV: NOCR) (OTCQB: NOCRD) (FSE: 03E), a mineral exploration company focused on the discovery of silver, zinc, copper, and gold deposits in exceptional, historical mining project areas spanning Sweden and Norway, has started surface exploration at its 100% owned Gumsberg Project. The Gumsberg Project is located in the precious and base metal rich Bergslagen Province of southern Sweden.
Cannot view this video? Visit:
The objective of the surface exploration is to enhance existing exploration drilling targets through mapping, sampling, and airborne geophysics at the Fredriksson Gruva target. Fredriksson Gruva is a Broken Hill Type (BHT) silver-zinc-lead prospect, where recent drilling delineated up to 13.60 metres of 6.05% zinc, 1.39% lead and 43.20 grams per tonne silver, confirmed the prospect’s potential for expansion.
Patricio Varas, President and CEO, stated: “Surface exploration work at Gumsberg will focus on expanding the current footprint of silver rich based metal mineralization at Fredriksson Gruva. Broken Hill Type deposits have the potential to yield large tonnages from comparatively small drill footprints due to the high density of the mineralization, so we are conducting detailed geological mapping and tightly spaced airborne magnetic geophysics to delineate mineralization in advance of additional diamond drilling.”
The namesake deposit, Broken Hill, located in Western Australia, represents the largest known accumulation of silver, zinc, and lead on earth. BHT deposits constitute a distinctive type of stratiform, sediment hosted silver-zinc-lead mineral deposits. They are characterized and distinguished from other silver-zinc-lead deposits by the chemistry of the sediment that host them and that they are usually associated spatially and temporally with volcanism.
Mineralization at Fredriksson Gruva is folded, forming a moderate to steeply eastward-plunging open anticline. It is associated with extensive regional-scale magnetite-rich iron formation(s) with corresponding regional scale magnetic anomalies which Norden Crown also intends to further delineate in the subsurface using airborne magnetic geophysical surveys. Regional magnetic geophysical data sourced from the Geological Survey of Sweden suggests that the prospective magnetic anomaly extends over 21 kilometres across the Gumsberg West Licence, southwest of Fredriksson Gruva, greatly enhancing the exploration potential for additional BHT discoveries. Management cautions that references to other mines and deposits provide context for the Fredriksson Gruva and Gumsberg Project, which occurs in a similar geologic setting, but this is not necessarily indicative that the projects host similar grades and tonnages of mineralization.
The company, led by an experienced management team and an accomplished technical team, with successful track records in mineral discovery, mining development and financing, aims to discover new economic mineral deposits in known mining districts that have seen little or no modern exploration techniques.
The shares are trading at $0.225. For more information about the company, and its other projects, please visit the company’s website www.NordenCrownMetals.com, contact Patricio Varas, Chairman and CEO, at 604-922-8810 or email info@NordenCM.com.
About InvestmentPitch Media
Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
Barry Morgan, CFO
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91299
News Provided by Newsfile via QuoteMedia