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Norden Crown Commences Drilling at the Burfjord Copper-Gold Project, Norway

 
 

 Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce the commencement of an exploration drilling program (~2,500 metres) at its 100% owned Burfjord Copper Project (" Burfjord " or the " Project ") in northern Norway. Norden Crown in partnership with Boliden Mineral AB (" Boliden "), is drill testing a variety of geological, geochemical, and geophysical target anomalies identified during the successful 2020 exploration programs. The objective of the drill program is to continue testing copper-gold grades and continuity of new targets, historical mines, and prospects. Previous drilling by Norden Crown (see March 20, 2019 News Release) at Burfjord returned compelling results including an intercept of 32 metres averaging 0.56% copper and 0.26 gt gold (including 3.46 metres of 4.31% copper and 2.22 gt gold) at shallow depths below a cluster of historic mine workings 1,2 . Historical drilling on the Project (Cedarsgruvan) was reported to have returned 7.0 metres averaging 3.6% copper 3 .

 

  Patricio Varas , Chairman and CEO of Norden Crown stated, "The joint Norden-Boliden exploration team is excited to continue drill testing the copper endowed Burfjord Anticline for its potential to host economic IOCG style mineralization.  The Company has identified numerous high grade zones within the East, West and Hinge domains of the anticline and we continue to utilize  magnetic and electromagnetic geophysical surveys to enhance the existing targets and to guide the planned diamond drilling."  

 

   Diamond Drilling   

 

  Norden Crown has engaged Arctic Drilling NOR ( Norway ) to complete ~ 2,500 metres of diamond drilling with the objective of expanding the footprint of mineralization identified in 2019 (see March 20, 2019 News Release) and to test additional geological, geochemical and geophysical targets identified in the 2020 field programs.  Arctic Drilling has now mobilized onto the Burfjord property and drilling has commenced.  The summer 2021 diamond drilling program is designed to follow up on 3 holes (970.5 metres) drilled in the Peninsula and Gamlegruva target areas in February and March this year. The winter drill program was terminated due to logistical complications caused by inclement winter weather conditions and restrictions imposed by Covid-19 safety measures.

 

  2021   Exploration   Targets  

 

The 2021 exploration drilling program at Burfjord is focused on a number of copper targets that contain or are surrouned by historical adits, pits and workings within the extensively iron-carbonate altered Burfjord Anticline.  These targets have been identified and prioritized using lithological and structrual mapping, extensive rock and soil sampling and ground based electromagnetic geophysics (Figure 1).  High priority target areas within the East, Hinge and West zones of the anticline are described below.

 

  East Limb (Gamlegruva, A-Gruva, Bergmark, and Magnusgruven)  

 

The "East Limb" targets constitute a ~ 5 kilometer-long trend of discontinuously outcropping copper occurrences and historical mine adits characterized by disseminated copper sulphide mineralization (chalcopyrite and sporadic bornite) associated with hematite-jasper breccia and/or carbonate veins hosted by chlorite (locally albite) or potassically altered pillow basalts and albitized black shales (Figure 1).  As part of a surface exploration program in 2020 an electromagnetic (TEM) anomaly (130-150 Siemens) was identifed in the southern portion of the East Limb that is approximately 1,900 metrers in strike with a near-vertical dip (Figures 1 and 2).  This feature occurs near the mafic volcanic-albitized black shale contact and is the target horizon for a number of the planned drill holes in the East Limb.

 
 

  Figure 1. Location of permitted exploration activities at the Burfjord Project, northern Norway. (CNW Group/Norden Crown Metals Corp.) 

 
 

 

 
 

  Figure 2. Cross-sections illustrating targets along the East Limb, (2A‘; A-A1), Hinge Zone (2B, B-B1) and East Limb (C-C1). (CNW Group/Norden Crown Metals Corp.) 

 
 

  Hinge Zone (Cedarsgruvan and Cedarelva)  

 

The Hinge Zone is a structural target that in the hinge  of the Burfjord Anticline and is characterized by intensely albitized black shales, breccias (e.g. Cedarsgruvan workings) and albitized dolomite (e.g., Cedarelva workings)  in widespread, intense iron-carbonate alteration.  Disseminated copper sulfides and structurally controlled high-grade copper sulphide bearing veins are present within this target area (Figure 1).

 

  West Limb (Kisgangen, A-   Kalkspatgangen, and Peninsula)  

 

The geology of West Limb is dominated by a 3,000 meter by 400 meter albite-iron carbonate-magnetite altered clastic sedimentary unit (L-Unit) that is locally brecciated and contains disseminated copper sulphides (chalcopyrite) and chalcopyrite bearing quartz-carbonate veins.  Historic adits are present within and along the flanks of this unit and are the focus exploratory drilling in this program.

 

  Burfjord Joint Venture Terms  

 

  Norden Crown entered into an option agreement (the "Agreement") with Boliden in respect to Burfjord (see June 10, 2020 News Release). In order to earn its 51% interest in the Project, Boliden must fund 100% of the exploration programs by spending US$6 Million over the next four years.

 

  Overview of the Burfjord Project  

 

The Project, located in the Kåfjord Copper Belt near Alta, Norway is highly prospective for Iron Oxide Copper Gold (IOCG) and Sediment Hosted Copper mineral deposits.  High-grade copper-gold veins at Burfjord that were historically mined (pre 20th century) at reported cutoff grades of 3-5% Cu are surrounded by envelopes of stockwork veins or disseminations of copper mineralization extending tens to hundreds of metres laterally into the host rocks. Norden Crown and Boliden believe this mineralization has economic potential and represents an attractive bulk tonnage exploration drilling target.

 

Copper bearing veins in the area  are dominated by ferroan carbonate, sodium-rich minerals, and iron-oxide minerals (magnetite and hematite), but also contain the economically important minerals chalcopyrite, bornite and chalcocite in addition to cobalt-rich pyrite as generally coarse grained (often 0.5 centimetre to multi-centimetre scale) disseminations in the veins.

 

Burfjord is comprised of six exploration licenses totaling 5,500 hectares in the Kåfjord Copper Belt near Alta in Norway . During the nineteenth century, copper mineralization was mined from over 30 historic mines and prospects developed along the flanks of a prominent 4 x 6-kilometre fold (anticline) consisting of interbedded sedimentary and volcanic rocks.  Many of the rocks in the anticline are intensely hydrothermally altered and contain sulphide mineralization.

 

  About Norden Crown   

 

  Norden Crown is 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.  The Company aims to discover new economic mineral deposits in historical mining districts that have seen little or no modern exploration techniques.  The Company is led by an experienced management team and an accomplished technical team, with successful track records in mineral discovery, mining development and financing.

 

  Qualified Person  

 

  Daniel MacNeil , P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects , has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is Vice President Exploration for Norden Crown .

 

  On behalf of Norden Crown Metals Corp.  

 

  Patricio Varas , Chairman and CEO

 

  Neither 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.  

 
 
      
 

    1.   

 
 

  Intercept reported as seen in drill core. The true width is estimated at 85-100% of the reported interval.  

 
 

   2.  

 
 

  See Norden Crown's March 20, 2019 News Release for discussion of analytical methods, QA/QC and core handling protocols.  

 
 

   3.  

 
 

  Source: NGU Deposit Factsheet, Deposit Area 1943-010, 1997. Norden Crown's property reviews have confirmed the geologic setting and   occurrence of mineralization on the Project and considers the historic exploration data to be relevant as reported in public disclosures and government reports.  

 
 
 

  Cautionary Note Regarding Forward-Looking Statements  

 

This news release contains certain statements that may be deemed "forward–looking statements".  Forward–looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.  Forward-looking statements may include, without limitation, statements relating to future outlook and anticipated events, such as the successful completion of the exploration program (consisting of diamond drilling, mapping, prospecting, outcrop sampling, airborne magnetic and ground electromagnetic geophysical surveys) as discussed herein, the dates the various segments of the exploration program will commence, the duration of various segments of the exploration program, and the planned uses of the resulting data. Although Norden Crown believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward–looking statements. Such material risks and uncertainties include, but are not limited to,   [NTD: the exploration program is characterized as fully-funded]   the ability of the various contracted entities to complete their duties within the time expected by the Company, inclement weather conditions that may impede, delay or stop all or part of the exploration program, the effects of the Covid 19 epidemic or other epidemics or pandemics, mechanical breakdowns of equipment used in the exploration programs, changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary consents required to explore, drill and develop the projects and if obtained, to obtain such consents in a timely fashion relative to Norden Crown plans and business objectives for the projects; the general ability of Norden Crown to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company's ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations. Forward–looking statements are based on the reasonable beliefs, estimates and opinions of Norden Crown management on the date the statements are made. Except as required by law, Norden Crown undertakes no obligation to update these forward–looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

 
 
 

SOURCE Norden Crown Metals Corp.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/August2021/23/c4397.html  

 
 

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FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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Cygnus Metals Limited ("Cygnus" or the "Company") advises that it has issued an aggregate of 67,050,000 performance rights ("Performance Rights") to directors, and key employees and consultants, under the Company's Omnibus Equity Incentive Plan ("Plan").

 

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

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Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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