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Norden Crown Continues to Cut High Grades at ÖStrasilvberg

 
 

Norden Crown Metals Corp. ( " Norden Crown " or the " Company ") (TSXV: NOCR) (OTC:NOCRF) ( Frankfurt : 03E) is pleased to report drill results from a recently completed 2365.6 meter program on the Gumsberg Project.  A total of 1,796.6 meters were drilled at the Östrasilvberg Prospect and is the focus of this news release.  The remaining 569 meters were drilled at Fredriksson Gruva where three holes cut semi-massive and massive Broken Hill Type mineralization.  These intercepts will be the focus of a subsequent news release which  the company expects to finalize in the days ahead.  The Östrasilvberg and Fredriksson targets are located on Norden's 100% owned Gumsberg Project, in the Bergslagen mining province in southern Sweden.

 

Several holes at Östrasilvberg intersected variable widths of massive sulphides with significant high-grade precious and base metal mineralization including, hole GUM 20-07 which intersected 2.6m of 476.27   g/t silver equivalent grade at a depth of 238.4m (Table 1). Hole GUM-07 also returned a 1.15m intercept with 661.27 g/t silver equivalent grade with an additional 2.7 g/t gold .  Hole GUM 20-9 intersected 4.3m of 287.71 g/t silver equivalent grade at a depth of 123.7m .  The highest grade intersection was in Hole GUM 20-03, which intersected 0.45m of 938.08 g/t silver equivalent grade at a depth of 91.8m .

 

"We are once again very impressed by the grades we have intercepted at the new Östrasilvberg South Discovery as we continue the expansion of its highgrade silver-zinc-lead mineralized zones." stated Patricio Varas , Chairman & CEO. "Norden is now in the enviable position of having three individual prospects, Ostrasilvberg, Fredriksson and Vallberget-Loberget on the Gumbsberg property that host massive, high grade mineralization to chase and are each capable of returning an economic mineral deposit."

 

  Table 1.   Recent (2020-2021) D   rill Intercepts by Norden Crown at Östra   s   ilvberg.  

 
 
                                                                                                              
 

  Drill  

 
 

  From  

 
 

  To  

 
 

  Length  

 
 

  Zinc  

 
 

  Lead  

 
 

  Silver  

 
 

  Gold  

 
 

  Silver  

 
 

  Prospect  

 
 

  Hole  

 
 

  (meters)  

 
 

  (meters)  

 
 

  (meters)  

 
 

  (%)  

 
 

  (%)  

 
 

  (g/t)  

 
 

  (g/t)  

 
 

  Equivalent  

 
 

  Name  

 
 

  GUM-20-03  

 
 

  91.80  

 
 

  92.25  

 
 

  0.45  

 
 

  15.50  

 
 

  7.52  

 
 

  253.00  

 
 

  0.02  

 
 

  926.86  

 
 

  Östrasilvberg  

 
 

  GUM-20-04  

 
 

  330.35  

 
 

  330.70  

 
 

  0.35  

 
 

  1.13  

 
 

  2.54  

 
 

  82.90  

 
 

  0.01  

 
 

  179.05  

 
 

  Östrasilvberg  

 
 

  GUM-20-04  

 
 

  370.00  

 
 

  373.00  

 
 

  3.00  

 
 

  1.94  

 
 

  0.86  

 
 

  19.24  

 
 

  0.19  

 
 

  101.66  

 
 

  Östrasilvberg  

 
 

   Incl.   

 
 

  370.75  

 
 

  371.70  

 
 

  0.95  

 
 

  3.33  

 
 

  1.53  

 
 

  33.00  

 
 

  0.01  

 
 

  175.75  

 
 

  Östrasilvberg  

 
 

  GUM-20-07  

 
 

  238.40  

 
 

  241.70  

 
 

  2.60  

 
 

  6.76  

 
 

  2.91  

 
 

  159.82  

 
 

  0.42  

 
 

  444.98  

 
 

  Östrasilvberg  

 
 

   Incl.   

 
 

  238.40  

 
 

  239.30  

 
 

  0.90  

 
 

  13.73  

 
 

  4.23  

 
 

  381.39  

 
 

  0.36  

 
 

  920.90  

 
 

  Östrasilvberg  

 
 

  GUM-20-07  

 
 

  268.05  

 
 

  269.20  

 
 

  1.15  

 
 

  10.08  

 
 

  4.54  

 
 

  47.79  

 
 

  2.70  

 
 

  477.74  

 
 

  Östrasilvberg  

 
 

  GUM-20-08  

 
 

  313.15  

 
 

  313.50  

 
 

  0.35  

 
 

  1.39  

 
 

  2.16  

 
 

  133.00  

 
 

  0.00  

 
 

  228.50  

 
 

  Östrasilvberg  

 
 

  GUM-20-08  

 
 

  331.80  

 
 

  332.10  

 
 

  0.30  

 
 

  2.75  

 
 

  1.46  

 
 

  242.00  

 
 

  0.01  

 
 

  364.53  

 
 

  Östrasilvberg  

 
 
 

  Insufficient work has been done to report true thickness and lengths reported as seen in drill core, true widths are estimated to be 50-65% of reported intervals based on 3D modeling and angle to core axis observations.  Metal ratios are calculated assuming 100% recoveries at US $1806 Gold, US $27.65 Silver, US $ 1.05 Lead, US $ 1.29 Zinc.  

 

Drilling at Östrasilvberg was designed to test the along-strike and down-plunge continuity of the Main and South Zone high-grade precious metal enriched base metal mineralization.  Four of the nine holes drilled at the Östrasilvberg prospect in the recent campaign did not reach the intended target(s) because they intersected post mineral mafic intrusions (sub parallel to the drill hole) or encountered poor ground conditions (fault rubble).

 

  Norden Crown intends to carry out a property-wide airborne EM geophysical survey to trace the continuity of the mineralized VMS zones at the Östrasilvberg, Vallberget and Loberget high-grade trends.  The EM airborne survey will also cover the greater Gumsberg West land position, including the Fredriksson prospect, which is highly prospective for new discoveries.

 

  Ö   strasilvberg South Zone Discovery  

 

In December 2018 and January 2019 , Norden Crown completed nine diamond drill holes in the vicinity of the past producing Östrasilvberg Mine. Diamond drilling tested prospective stratigraphy east, west and down-plunge of the previously reported intercept from BM-17-005, which returned 10.94 metres of 656.7 g/t silver, 16.97% zinc, 8.52% lead and 0.76 g/t gold south of the main Östrasilvberg mine workings (see Boreal News Release dated February 28, 2018 ).  Holes GUM-18-006, GUM-18-008 and GUM-18-009 tested the down-plunge and along-strike continuity of newly recognized remobilized silver-zinc-lead-gold mineralization that occurs 50 metres south of the historical workings which was intercepted in BM-17-005 in Boreal's 2017/2018 program and again in holes BM-18-003 and BM-18-004. GUM-18-007 tested the down plunge extent of historically mined mineralization exposed at surface. Drill holes GUM-18-006 through GUM-18-009 expanded the newly discovered zone. Drill hole GUM-18-006 cut two zones of pyrite-rich massive sulphide lenses which returned significant lead-zinc mineralization interpreted to represent the primary sulphide source of the remobilized sulphides.

 

The presence of high-grade remobilized veins and primary volcanogenic massive sulphide mineralization significantly upgrades the potential at Östra Silvberg.

 

  Table 1.  Key drill Intercepts by Norden Crown at Östra Silvberg.  

 
 
                                                                                                                                                                
 

  Drill  

 
 

  From  

 
 

  To  

 
 

  Length  

 
 

  Zinc  

 
 

  Lead  

 
 

  Silver  

 
 

  Gold  

 
 

  Silver  

 
 

  Prospect  

 
 

  Hole  

 
 

  (meters)  

 
 

  (meters)  

 
 

  (meters)  

 
 

  (%)  

 
 

  (%)  

 
 

  (g/t)  

 
 

  (g/t)  

 
 

  Equivalent  

 
 

  Name  

 
 

  BM-17-05  

 
 

  122.3  

 
 

  133.24  

 
 

  10.94  

 
 

  16.97  

 
 

  0.76  

 
 

  657  

 
 

  8.52  

 
 

  1218.33  

 
 

  Östrasilvberg  

 
 

  GUM-18-03  

 
 

  105  

 
 

  116  

 
 

  11  

 
 

  5.89  

 
 

  0.96  

 
 

  239  

 
 

  2.51  

 
 

  450.27  

 
 

  Östrasilvberg  

 
 

  GUM-18-04  

 
 

  162.16  

 
 

  173.17  

 
 

  11.01  

 
 

  7.45  

 
 

  0.77  

 
 

  275  

 
 

  2.65  

 
 

  531.73  

 
 

  Östrasilvberg  

 
 

  GUM-18-06  

 
 

  210.84  

 
 

  223.44  

 
 

  12.6  

 
 

  6.73  

 
 

  0.08  

 
 

  18.5  

 
 

  1.99  

 
 

  235.89  

 
 

  Östrasilvberg  

 
 

  GUM-18-07  

 
 

  103.58  

 
 

  104.75  

 
 

  1.17  

 
 

  2.67  

 
 

  0.44  

 
 

  32  

 
 

  1.27  

 
 

  127.88  

 
 

  Östrasilvberg  

 
 

  GUM-18-08  

 
 

  190.75  

 
 

  196.4  

 
 

  5.65  

 
 

  8.75  

 
 

  1.08  

 
 

  289  

 
 

  4.67  

 
 

  594.68  

 
 

  Östrasilvberg  

 
 

  GUM-18-09  

 
 

  105.02  

 
 

  105.94  

 
 

  0.92  

 
 

  3.98  

 
 

  0.23  

 
 

  32.8  

 
 

  0.94  

 
 

  165.67  

 
 

  Östrasilvberg  

 
 

  GUM-20-03  

 
 

  91.80  

 
 

  92.25  

 
 

  0.45  

 
 

  15.50  

 
 

  7.52  

 
 

  253.00  

 
 

  0.02  

 
 

  926.86  

 
 

  Östrasilvberg  

 
 

  GUM-20-04  

 
 

  330.35  

 
 

  330.70  

 
 

  0.35  

 
 

  1.13  

 
 

  2.54  

 
 

  82.90  

 
 

  0.01  

 
 

  179.05  

 
 

  Östrasilvberg  

 
 

  GUM-20-04  

 
 

  370.00  

 
 

  373.00  

 
 

  3.00  

 
 

  1.94  

 
 

  0.86  

 
 

  19.24  

 
 

  0.19  

 
 

  101.66  

 
 

  Östrasilvberg  

 
 

  GUM-20-07  

 
 

  238.40  

 
 

  241.70  

 
 

  2.60  

 
 

  6.76  

 
 

  2.91  

 
 

  159.82  

 
 

  0.42  

 
 

  444.98  

 
 

  Östrasilvberg  

 
 

  GUM-20-07  

 
 

  268.05  

 
 

  269.20  

 
 

  1.15  

 
 

  10.08  

 
 

  4.54  

 
 

  47.79  

 
 

  2.70  

 
 

  477.74  

 
 

  Östrasilvberg  

 
 

  GUM-20-08  

 
 

  313.15  

 
 

  313.50  

 
 

  0.35  

 
 

  1.39  

 
 

  2.16  

 
 

  133.00  

 
 

  0.00  

 
 

  228.50  

 
 

  Östrasilvberg  

 
 

  GUM-20-08  

 
 

  331.80  

 
 

  332.10  

 
 

  0.30  

 
 

  2.75  

 
 

  1.46  

 
 

  242.00  

 
 

  0.01  

 
 

  364.53  

 
 

  Östrasilvberg  

 
 
 

  Insufficient work has been done to report true thickness and lengths reported as seen in drill core, true widths are estimated to be 50-65% of reported intervals based on 3D modeling and angle to core axis observations.  Metal ratios are calculated assuming 100% recoveries at US $1806 Gold, US $27.65 Silver, US $ 1.05 Lead, US $ 1.29 Zinc.  

 

  About the Gumsberg Project  

 

The strategically situated Gumsberg project consists of six exploration licenses in the Bergslagen mining province of southern Sweden totaling over 18,300 hectares, where multiple zones of VMS and related styles of mineralization occur.  Silver-rich mineralization at Gumsberg was mined from the 13th century through the early 1900s, with over 30 historic mines present on the property, most notably the Östrasilvberg Mine which was the largest silver mine in Sweden between 1250 and 1590.  Despite its long-lived production history, relatively little modern exploration has taken place on the project. New geologic interpretations, geophysical surveys and reconnaissance drilling have led to the identification of multiple new exploration targets near the historic workings.

 

  Quality Control, Quality Assurance and Core Handling Protocols  

 

Drill core is logged and prepped for sampling before submittal to ALS in Malå, Sweden where it is cut, bagged and prepped for analysis. Accredited control samples (blanks and accredited standards) are inserted into the sample intervals regularly. Samples are dried (if necessary), weighed, crushed (70%

  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 .

 

  About    Norden Crown    Metals Corp   .  

 

  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 known 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.

 

  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.  

 

  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 Private Placement or the anticipated use of proceeds of the Private Placement by the Company. 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, Norden Crown's ability to raise sufficient capital to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and 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: https://www.newswire.ca/en/releases/archive/February2021/25/c0698.html  

 
 

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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.  

 

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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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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.

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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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