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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.
Management will be available at Booth 2741 and President Matt Halliday, P.Geo is making a presentation that will include plans for the Company's Coniagas Battery Metals Inc. spinout on Tuesday March 5 at 10:26 am in Room 801B as part of the Nickel/PGM session of the Corporate Presentation Forum for Investors.
Following the spinout, Nord Precious Metals intends to focus on permitting and development at its past-producing Castle Mine and the exceptional high-grade silver-cobalt discovery at Castle East with also numerous gold intercepts including near surface. (See news release January 29, 2024 as well as the 2023 Achievements Summary news release December 21, 2023 and About section below).
The Coniagas spinout will own the 6,113-hectare Graal property in Northern Quebec where the Company has discovered several massive and semi-massive structures and some impressive intervals of nickel and copper. Â Most intercepts are quite shallow with grades up to 28.90m of 1.12% NiEq containing 0.73% Nickel and 0.41% Copper as well as other elements (cobalt, platinum and palladium). Currently exploration is focused on a portion of a 6 km strike length conductor in shallow depths of approximately 50-100m with results supportive of a large open-pit resource model. The Company has successfully completed intensive geophysics and a total of 1 6,794.60 m of drilling at Graal (see the news release February 27, 2023 for drill results and maps).
Link to recent Nord news releases
https://www.nordpreciousmetals.com/news/category/2024
Link to updated Nord corporate presentation
https://www.nordpreciousmetals.com/Presentation.pdf
Q ualified Person
This news release has been reviewed and approved by Frank Basa, P.Eng., CEO of Nord Precious Metals Mining Inc., a qualified person in accordance with National Instrument 43- 101 standards.
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 1.5Â 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 60,000Â 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 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. The Company does not undertake to update any forward- looking information in this news release or other communications unless required by law.
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