norden crown metals corp

Norden Crown Intersects Stratiform Sulphide Mineralization on First Drill Hole at Fredriksson Gruvan

 
 

 Norden Crown Metals Corp. ( " Norden Crown " or the " Company ") (TSXV: NOCR), (OTC: BORMF) ( Frankfurt : 03E) is pleased to announce the completion of the first drill hole at the Fredriksson Gruvan prospect (GUM-20-09; 179m ) which has intersected 11.0 meters of stratiform sulphide mineralization interpreted to be Broken Hill Type (BHT) precious metal enriched base metal mineralization.  The 11.0 meter intercept consists of massive to semi-massive sulphide mineralization, including sphalerite (zinc sulphide) and galena (lead sulphide).  The intercept occurs 35 meters below historical mine workings which produced 45,000 tonnes grading 49 gt silver, 5.77% zinc, 1.84% lead 2 .  The Fredriksson Gruvan prospect is located on the 100% owned silver-zinc-lead-gold Gumsberg Project located in the Bergslagen Province of Southern Sweden .

 

  "The drilling of stratiform sulphides on our first drill hole below the mine workings at Fredriksson Gruvan is of great importance, as it most assuredly confirms the continuity of the mineralization at depth below the old mine". Stated Patricio Varas , Chairman and CEO of Norden Crown Metals. "Furthermore, the confirmation that we are testing a Broken Hill Type Zn-Pb-Ag mineralized prospect is hugely encouraging as these style deposits are very few around the world and include some of   the largest accumulations of Pb-Zn-Ag on Earth 1,3   .  

 

Ongoing diamond drilling at Fredriksson Gruva will test the continuity of massive sulphide mineralization below the historical mine workings where recent 3D geological modeling demonstrates that silver-zinc-lead mineralization could extend to at least 400 meters depth.

 

Visual core inspection by Norden's Senior technical staff confirms that GUM-20-09  intersected an 11m massive to semi-massive sulphide body of mineralization extending from 123m to 134m .  Drill core is currently being cut and sampled.  Samples will be shipped to ALS in Malå, Sweden for analysis and assay results are expected in 4 to 6 weeks.

 

  Drill Hole: GUM-20-09  

 

Geological observations of the core confirm Norden's preliminary interpretation that precious metal enriched base metal mineralization at Fredrikssons Gruvan belongs to the Broken Hill Type ore deposit clan.

 

Significant observations from GUM 20-09 that are suggestive of BHT style mineralization include:

 
 
                    
 

   OBSERVATION   

 
 

   SIGNIFICANCE   

 
 

   Stratiform Zn-Pb mineralization; variably tectonically
remobilized
 
 

 
 

   Broken Hill-Type deposits are dominated by stratiform mineralization,
variably remobilized during deformation and metamorphism 1,
   3,4   .  
 

 
 

   Mineralization is pyrite-poor, sphalerite-galena rich   

 
 

   BHT deposits tend to be pyrite-poor and sphalerite-galena rich
compared to Volcanogenic Massive Sulphide deposits
   4   .  
 

 
 

   Hosted by garnet-rich metamorphosed sedimentary
strata.
 
 

 
 

   BHT deposits form in association with stratabound garnet- and
gahnite-bearing metamorphosed sedimentary rocks 1,3,4 .
 
 

 
 

   Intimate association with magnetite iron formation.
The garnet-magnetite-sulphide rock is interpreted to
be metamorphosed chemical sediment (exhalite).
 
 

 
 

   BHT stratiform sulfide deposits are commonly associated with
magnetite iron formation (e.g. Aggeneys, South Africa) or the iron
formation may represent the lateral equivalent of the stratiform
sulfide (Broken Hill, Australia) 1,3,4 .
 
 

 
 

   Garnet within the mineralized interval is orange-
brown, suggesting it is the Manganese-rich garnet
spessartine (i.e. this is a Mn-rich system).
 
 

 
 

   Many BHTs are relatively manganese (Mn)-rich.  The Broken Hill Group
that hosts the Broken Hill Deposit, and the sulfide deposit itself, are
characterised by the Mn-garnet spessartine
   3,4   .  
 

 
 

   Association with calc-silicates: some calc-silicate
minerals (amphibole-pyroxene, and garnet) occur
within the mineralization, and a calc-silicate bed
occurs in the hanging-wall.
 
 

 
 

   Some BHT deposits, including the type example at Broken Hill,
Australia, are enriched in calc-silicate and calcium-bearing minerals
(pyroxene, pyroxenoid, garnet, carbonates) and the host stratigraphic
succession contains stratiform calc-silicate rocks 1,
   3,4   .  
 

 
 

   Paucity of intense Mg-rich alteration and intensely
mica-quartz altered rocks. Much of the alteration is
not feldspar-destructive.
 
 

 
 

   This suggests that the mineralization is not a Volcanogenic Massive
Sulphide (VMS) or Garpenberg-type system and is more similar to a
stratiform BHT or Sedimentary Exhalative (SEDEX) system 1,
   3,4   .  
 

 
 

   Metamorphism is amphibolite grade   

 
 

   BHT deposits almost invariably occur in host successions that have
been metamorphosed to amphibolite to granulite grade 1,3,4 .
 
 

 
 

   Host succession is Paleo- to Meso-Proterozoic in age   

 
 

   BHT deposits appear to be restricted to host successions of Paleo- to
Meso-Proterozoic age 1,3,4 .
 
 

 
 
 

  Norden Crown's geological modelling is based on historical mining and drilling data and demonstrates that silver-lead-zinc mineralized zones are associated with a moderately east plunging fold geometry and mineralization is open in all directions (Figure 1). Test mining from an open pit where these zones reach the surface produced 21,000 tonnes grading 53 g/t silver, 5.13% zinc, and 1.7% lead 2 . Subsequent underground mining production down to 91 meters produced and additional 45,000 tonnes grading 49 g/t silver, 5.77% zinc, 1.84% lead 2 .

 
 

  Figure 1. Oblique 3D interpretation of mineralization at Fredriksson Gruvan showing the location of the 11.00 meters of semi and massive sulphide mineralization in hole GUM-20-09. (CNW Group/Norden Crown Metals Corp.) 

 
 

Figure 1.  Oblique 3D interpretation of mineralization at Fredriksson Gruvan showing the location of the 11.00 meters of semi and massive sulphide mineralization in hole GUM-20-09.  Note that the mineralization is interpreted to extend beyond the limits of historical drilling at depth and laterally.

 

  About Fredriksson Gruva   n   (Fredriksson Mine)  

 

Fredriksson Gruvan was discovered in 1976 by LKAB Prospektering AB 2 .  Exploration was carried out in 1976 and 1977 including surface trenching, sampling and drilling of 9 diamond drill holes, which identified precious metal enriched base metal mineralization 3 .  In 1977, AB Statsgruvor (ABS) acquired the Fredrikssongruvan prospect and conducted open pit test mining in 1978.  Test mining was conducted to a depth of 20 meters below surface and produced 21,500 tonnes grading 53 g/t Silver, 5.13% zinc, and 1.7% lead 3 .  A total of 11 additional holes were drilled in 1979 to test the down plunge extent of mineralization.  Between 1980 and 1981 mining activites resumed and an underground tram was installed.  A total of  45,000 additional tonnes grading 49 g/t silver, 5.77% zinc, 1.84% lead were produced from workings that extend to a depth of 91 meters (4 underground levels) 2 .  Norden Crown Metals Corp. staked the the Fredriksson Gruva prospect as part of a larger staking acquisition (Gumsberg nr 9) in March, 2017.  This licence is refered to as "Gumsberg West" and forms the western half of the highly prospective Gumsberg Project.

 

  
 

 
 
       
 

    1 Spry, Paul & Teale, Graham & Steadman, Jeffrey. 2009. Classification of Broken Hill-Type Pb-Zn-Ag Deposits: A Refinement. AGU Spring Meeting Abstracts.   

 
 
 

    2 Edberg, L., and Flood, B., 1982. Rapport Grb 262 SLUTRAPPORT FRAN DIAMANTBORRNINGARNA VID FREDRIKSSONGRUVAN (GYLLINGEN) 1981/1982© Sveriges geologiska undersökning (SGU) (Geological Survey of Sweden)   

 
 
 

    3 Beeson, Robert. (1990). Broken Hill-type lead-zinc deposits - an overview of their occurrence and geological setting. Transactions Institution of Mining & Metallurgy. 99. 163-175.   

 
 
 

    4 Walters S.G. 1998. Broken Hill-Type deposits. AGSO Journal of Australian Geology and Geophysics, 17(4), 229-237.   

 
 
 

  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.

 

  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.  

 

  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 to download multimedia: https://www.newswire.ca/en/releases/archive/January2021/07/c2776.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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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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