Nord Precious Metals Resumes Permitting Process for Castle, Paving the Way for a Bulk Sample

Nord Precious Metals Resumes Permitting Process for Castle, Paving the Way for a Bulk Sample

(TheNewswire)

Nord Precious Metals

Refocus on Castle East Permitting and Bulk Sample Processing

January 29, 2024 TheNewswire - Coquitlam, BC - Nord Precious Metals Mining Inc., (TSXV:NTH) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Nord" or "Nord Precious Metals"), is pleased to announce the resumption of the permitting process for the Castle East High-Grade Silver Project. Nestled in the prolific Cobalt Mining Camp, where, for almost a century, high-grade silver and cobalt were extracted. These projects hold immense potential for Nord Precious Metals.

The restart of the permitting process signifies a strategic move by Nord Precious Metals to enhance its operations and contribute to the legacy of the Cobalt Mining Camp. In addition to the permitting process, the company is set to embark on taking a bulk sample - marking a crucial step towards the potential of future mining in the region.

In more than 60,000 metres of diamond drilling at the Castle property, which includes the past-producing Castle silver-cobalt mine and a recent major discovery at Castle East, the Company has intersected several mineralized veins with exceptional grades – the highest to date being 89,853 g/t silver (2,621 ounces per ton) over 0.3 metres in Hole CS-20-39 (see Company news release, January 29, 2021).

The Company also intends to produce critical metals that the economy demands, and is exploring the potential to place existing and future tailings underground in historic mines, as an environmentally friendly process to contribute to the restoration and rehabilitation of these sites.

As we await the finalization of the recovery permit program in Ontario following changes to the Mining Act, Nord Precious Metals anticipates collaborative opportunities as an operator with key companies in the region. This aligns with the Company's commitment to sustainable and efficient mining practices.

Matt Halliday, P. Geo, President of Nord Precious Metals, expressed enthusiasm for the initiatives on the Castle Property, stating, "We believe there is great opportunity in the Miller Lake basin, which, during past mining, witnessed approximately 60 million ounces of silver production at the rim. However, our focus is on extending operations to the center of the basin, presenting unparalleled prospects. Moreover, there are opportunities to produce low-cost byproducts for the EV market, such as cobalt sulfate and nickel sulfate."

The Miller Lake Basin is in the Gowganda area of the Cobalt Mining Camp, which produced well over 500 million ounces of silver and over 30 million pounds of cobalt from more than 100 mines operating from 1903 to 1989 ( Sergiades, A.O. (1968) Silver Cobalt Calcite Vein Deposits of Ontario, Ontario Dept. of Mines, MRC No.10 and Owsiacki,L. and Lovell, H. (1984) GAC-MAC Field Trip Guide Book).

Nord Precious Metals remains dedicated to advancing responsible mining practices and contributing positively to the mining industry's growth. The company looks forward to making significant strides in the Castle projects and further establishing its presence in the Cobalt Mining Camp.

Interested investors can access information about Nord Precious Metals at its website, NordPreciousMetals.com and its social media channels at X(Twitter), LinkedIn, Facebook, and YouTube for which links are available on the Company's website.

Qualified Person

The technical information in this news release was approved by and prepared under the supervision of Mr. Matthew Halliday, P.Geo., (PGO), President, COO and VP Exploration of Nord Precious Metals Inc., a qualified person in accordance with National Instrument 43-101.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. (formerly Canada Silver Cobalt Works Inc.) recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000 m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals (previously Canada Silver Cobalt Works) Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed a nearly 16,000-metre drill program on the Graal property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario where it is exploring. (3) St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals' Case Lake Lithium properties.

Nord Precious Metal's flagship silver-cobalt Castle mine and 78 sq. km Castle property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Nord Precious Metals is strategically positioned to become a Canadian leader in the silver-cobalt space. More information is available at www.nordpreciousmetals.com   .

"Frank J. Basa"

Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng.

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff,

Corporate Communications

P: 416-710-2410

E:   waynecheveldayoff@gmail.com

Caution Regarding Forward-Looking Statements

Neither the 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. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

Copyright (c) 2024 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

NTH:CC
The Conversation (0)
Nord Precious Metals to Participate and Present at PDAC 2024

Nord Precious Metals to Participate and Present at PDAC 2024

(TheNewswire)

Nord Precious Metals

Coquitlam, BC TheNewswire - February 26, 2024 Nord Precious Metals Mining Inc. (TSXV:NTH) (OTC:CCWOF) (Frankfurt: 4T9B) (the "Company" or "Nord Precious Metals") is pleased to announce it will participate and present at the PDAC 2024 Conference in Toronto from March 3 to March 6, 2024 and welcomes the opportunity to meet with investors to discuss recent developments and plans for the Company.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Nord Precious Metals Director Resigns

Nord Precious Metals Director Resigns

(TheNewswire)

Nord Precious Metals

Coquitlam, BC, Nord Precious Metals Mining Inc., (TSXV:NTH) (OTC: CCWOF) (Fra:4T9B) (the "Company" or "Nord" or "Nord Precious Metals"), ") announces the resignation of Dianne Tookenay from the Board of Directors.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Nord Precious Metals Amends Option Agreements for LCT Lithium Property, Cochrane, Ontario

Nord Precious Metals Amends Option Agreements for LCT Lithium Property, Cochrane, Ontario

(TheNewswire)

Nord Precious Metals

February 2, 2024 Nord Precious Metals Mining Inc. (formerly "Canada Silver Cobalt Works Inc.") (TSXV:NTH) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Nord Precious Metals") announces that further to the Company's news release dated February 6, 2023 whereby the Company entered into two Property Option Agreements with Zachary St-Denis for the acquisition of a 100% interest, subject to a 2% NSR in 4 claims blocks (Case Agreement 3 claims blocks) (Sangster Agreement 1 claim block) (the "Agreements") located near Kirkland Lake, Ontario, the Company has amended certain terms of the Agreement.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Nord Precious Metals  Begins Trading Under New TSXV Symbol "NTH"

Nord Precious Metals Begins Trading Under New TSXV Symbol "NTH"

Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Nord" or "Nord Precious Metals"), formerly Canada Silver Cobalt Works Inc., is pleased to announce that further to the news release dated January 19, 2024, the Company's shares begin trading on the TSX Venture Exchange under the new name and trading symbol "NTH", today, Tuesday, January 23, 2024, at the market open. Trading symbols at other exchanges will remain the same.

"Nord Precious Metals remains steadfast in its commitment to its silver and gold projects. The Castle property, with its exciting grades, is poised to successfully progress as we leverage our robust infrastructure to produce silver dore right here in the heart of the Cobalt Camp at Nord's TTL processing facility. Our enthusiasm is further fueled by the promising potential of cobalt byproducts, which we anticipate extracting in the future at marginal costs. This strategic advantage positions Nord as a key player in the North American EV ecosystem," said Frank J. Basa P.Eng., CEO of Nord Precious Metals.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NextSource Materials Welcomes New President and CEO Hanré Rossouw to Deliver Next Phase of Growth

NextSource Materials Welcomes New President and CEO Hanré Rossouw to Deliver Next Phase of Growth

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") confirms, further to the announcement on 28th May 2024, Hanré Rossouw has officially begun his role as President and CEO. His tenure begins in Madagascar, where he will visit the Molo graphite mine operations as well as engage with the community and government as part of a structured leadership transition plan

Also effective today, the former President and CEO, Craig Scherba, will continue as a Director and transition to the newly created role of Chief Development Officer to focus on developing strategy, managing offtake negotiations and expanding the Company's OEM relationships globally.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Lithium ION Energy Signs LOI with United Rare Earths, for a Business Combination

Lithium ION Energy Signs LOI with United Rare Earths, for a Business Combination

Lithium ION Energy Limited (TSXV: ION) (FSE: ZA4) ("ION" or the "Company") is pleased to share that it has entered into an LOI Agreement to progress a business combination with United Rare Earths Ltd. ("UnitedRE"), a US-based rare earths recycling and refining company. UnitedRE secured a strategic location to develop and has significantly advanced discussions with a federal agency for grant opportunities which includes non-recourse, non-dilutive funding. UnitedRE has support at the highest levels of the government and an instrumental MOU with a national laboratory that will advance rare earth recycling and refining technologies in the U.S.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CleanTech Lithium PLC Announces Notice of AGM

CleanTech Lithium PLC Announces Notice of AGM

CleanTech Lithium PLC Notice of Annual General Meeting

CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF) ("CleanTech Lithium" or the "Company"), an exploration and development company advancing sustainable lithium projects in Chile, will hold its Annual General Meeting ("AGM") at the offices of the Company at de Carteret House, 7 Castle Street, St Helier JE2 3BT on 26 November 2024 at 11:00AM GMT

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
SAGA Metals Initiates Geophysics Program to Advance Drill-Ready Targets at Radar Project's "Hawkeye Zone"

SAGA Metals Initiates Geophysics Program to Advance Drill-Ready Targets at Radar Project's "Hawkeye Zone"

Saga Metals Corp. (" TSXV: SAGA ") (" FSE: 20H" ) (" SAGA " or the " Company "), a North American exploration company focused on discovering critical minerals, is pleased to announce the commencement of a targeted geophysics program over the Radar Titanium-Vanadium Project's high-potential "Hawkeye Zone."

This geophysics program, coupled with the petrographic analysis announced on October 1, 2024 (see release here ) will provide the necessary data to declare the Hawkeye zone ready for its maiden drill program.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Argentina Lithium Announces Non-Brokered Private Placement Using The Listed Issuer Financing Exemption

Argentina Lithium Announces Non-Brokered Private Placement Using The Listed Issuer Financing Exemption

/NOT FOR DISTRIBUTION TO UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

TSX Venture Exchange (TSX-V): LIT  
Frankfurt Stock Exchange (FSE): OAY3  
OTCQX Venture Market: LILIF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
NextSource Materials Completes First Commercial Shipments of Graphite Concentrate to Germany and USA

NextSource Materials Completes First Commercial Shipments of Graphite Concentrate to Germany and USA

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce it has completed its first commercial shipments of SuperFlake® graphite concentrate from its Molo Graphite Mine (the "Molo mine") in southern Madagascar

Full container loads of high-quality, coarse flake graphite concentrate were exported from the Port of Tulear, Madagascar to Germany and to the United States of America (USA) under existing offtake agreements. These initial container shipments of SuperFlake® graphite are destined for key demand markets for higher value graphite products, including refractory materials and graphite foils for consumer electronics and fire-retardant applications.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×