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

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Aston Bay and American West Metals Announce New Copper Targets at the Storm Copper Project, Canada

Aston Bay and American West Metals Announce New Copper Targets at the Storm Copper Project, Canada

New step-out targets identified from high-powered electromagnetic surveys

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to present the preliminary interpretation of the initial results from geophysical activities currently underway at the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut. The program is being conducted by American West Metals Limited ("American West"), who is the operator of the Project. American West has completed the required expenditures to earn an undivided 80% interest in the Project. American West will be solely responsible for funding the program

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Trident Royalties PLC Announces Q1 2024 Activities Update

Trident Royalties PLC Announces Q1 2024 Activities Update

Q1 2024 Activities Update

Trident Royalties PLC (AIM:TRR)(OTCQB:TDTRF), the diversified mining royalty company, is pleased to provide an update on its activities during the quarter ended 31 March 2024

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF C$5 MILLION FINANCING WITH RIO TINTO

WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF C$5 MILLION FINANCING WITH RIO TINTO

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces it has completed the previously announced private placement with Rio Tinto Canada Inc. ("Rio Tinto") pursuant to Rio Tinto's subscription rights as a result of the Company's recent issuance of common shares.

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

Rio Tinto acquired 2,609,890 common shares of the Company at a price of C$1.90 per share for proceeds of C$4,958,791 , allowing Rio Tinto to maintain its interest of approximately 9.7%.

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/06/c2410.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canadian North Resources Files NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Ferguson Lake Project in Nunavut, Canada

Canadian North Resources Files NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Ferguson Lake Project in Nunavut, Canada

Highlights:

  • Indicated Mineral Resources to 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10 g/t and 0.42Moz platinum at 0.19 g/t.
  • 80% of the Indicated Mineral Resources are Open Pit comprising 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt.
  • Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 40Mlb cobalt at 0.07%, 1.12Moz palladium at 1.43 g/t and 0.21Moz platinum at 0.25 g/t.
  • The Mineral Resources are estimated only for the West, Central and East Zone of the 15km long main mineralized horizon. The potential to identify additional Mineral Resources exists along the strike and down dip of the currently defined Mineral Resources and on satellite zones including M-Zone, A51-Zone, A51 Far Side Zone, West Zone South and South Discovery Zone.

Canadian North Resources Inc. ("Canadian North" or the "Company") (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce that following the release of the Mineral Resource estimate on March 19, 2024, it has filed its National Instrument 43-101 Technical Report on its 100% owned Ferguson Lake base metal (nickel, copper, cobalt) and platinum-group metals ("PGM", palladium and platinum) Project ("the Ferguson Lake Project" or "the Project"), entitled "Independent Technical Report on the Mineral Resource Estimate for the Ferguson Lake Project, Nunavut, Canada ("the Technical Report")", prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., effective March 19, 2024, on SEDAR at http:www.sedar+.com . The Technical Report has also been posted on the Company's website at www.cnresources.com .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
StrategX Elements Corp. Announces Closing of Non-Brokered Private Placement

StrategX Elements Corp. Announces Closing of Non-Brokered Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), announces it has closed a non-brokered private placement previously announced on March 26, 2024, and has issued 2,900,000 common shares for gross proceeds of $290,000. In connection with the financing, the Company paid a total of $12,000 as finder's fees. All shares issued under the private placement are subject to a hold period expiring September 4, 2024, in accordance with applicable securities laws and the policies of the CSE.

About StrategX
StrategX is a Canadian-based exploration company focused on discovering critical metals in northern Canada. With five strategic projects situated on the East Arm of the Great Slave Lake, Northwest Territories and the Melville Peninsula, Nunavut, we're leading discovery in untapped regions. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for critical metals essential for the global green energy shift. For updates and the latest insights, explore our Investor Portal.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canada Nickel Continues to Achieve Excellent Drill Results at Reid

Canada Nickel Continues to Achieve Excellent Drill Results at Reid

Highlights

  • New best interval to date at Reid - 687 metres of 0.27% nickel including 36.0 metres of 0.41% nickel and 7.5 metres of 0.56% nickel in REI24-18.
  • All four holes intersected core lengths of at least 676 metres with average grades of 0.24% to 0.27% nickel.

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) provided an update today on its 2024 exploration program with assay results from four new holes at its Reid property, which included the best drill result to date from the property.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×