Base Metals

NORDEN CROWN CONTINUES TO INTERSECT COPPER AT BURFJORD JV COPPER-GOLD PROJECT

NORDEN CROWN CONTINUES TO INTERSECT COPPER AT BURFJORD JV COPPER-GOLD PROJECT

Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) provides results for an eighteen diamond drill hole reconnaissance program carried out this past summer, totaling 3,499.40 metres at the Burfjord copper-gold project ("Burfjord" or the "Project").  Significant drill results include 36 metres of 0.48% copper in hole BUR-22-017, which includes a 3.7-metre intercept with a grade of 2.83% Cu.  Significant drill intercepts are shown in Table 1.  Drilling at Burfjord was completed on time and under budget.

The Burfjord IOCG project hosts numerous high-grade veins and associated copper-mineralized alteration envelopes approximately 6 kilometres by 4 kilometres in extent.  The large associated alteration footprint and widespread copper mineralization present in historical workings and intersected in Norden's reconnaissance drilling suggests there is potential to host a large bulk tonnage copper deposit.

"Evaluation of the multiple targets and old mine workings throughout the Burfjord project with diamond drilling has confirmed the prospectivity of the observed IOCG system to host high grade copper within broadly mineralized alteration zones." Stated Patricio Varas , Executive Chairman and CEO. "The joint Norden/Boliden technical committee team is reviewing the results and is working on plans to follow up the three zones that have emerged as first priority targets.  We are excited to follow up the Gamlegruve, F-gruve and Cedarsgruve prospects with further drill testing with the aim to define economic mineral deposits at Bufjord."

Hole

From (m)

To (m)

Length (m)

Cu %

Au ppm

ID

Metres

Metres

Metres

%

g/t

BUR-22-001

59.55

61.95

2.40

2.20

0.01

including

59.55

60.40

0.85

1.12

0.01

including

61.05

61.95

0.90

4.81

0.02







BUR-22-003

149.50

159.50

10.00

0.13

0.02

BUR-22-003

343.00

348.15

5.15

0.14

0.04

BUR-22-003

365.30

365.80

0.50

1.02

0.14







BUR-22-004

8.20

10.20

2.00

0.33

0.07

BUR-22-004

22.00

37.50

15.50

0.23

0.07

BUR-22-004

176.00

181.70

5.70

0.21

0.01

BUR-22-007

136.70

139.50

2.80

0.15

0.01

BUR-22-007

197.00

203.05

6.05

0.26

0.07

including

201.80

203.05

1.25

0.89

0.25

BUR-22-007

239.40

244.29

4.80

0.13

0.03







BUR-22-010

52.70

55.10

2.40

0.28

0.06

BUR-22-010

188.80

220.00

31.2

0.11

0.01

Including

188.80

190.00

1.20

0.41

0.02

Including

206.00

212.75

6.75

0.16

0.01







BUR-22-011

109.00

119.70

10.70

0.12

0.01

Including

117.50

119.70

2.20

0.28

0.02

BUR-22-011

146.70

148.25

1.55

0.61

0.11







BUR-22-012

1.00

24.00

23.00

0.37

0.13

Including

11.00

20.00

9.00

0.68

0.29

Including

13.00

18.00

3.00

0.92

0.49

BUR-22-012

162.70

173.00

10.30

0.36

0.13

Including

162.70

169.90

7.20

0.47

0.15

BUR-22-012

305.80

306.30

0.50

1.39

1.27







BUR-22-013

3.40

6.40

3.00

0.16

0.01

BUR-22-013

15.70

24.00

8.30

0.38

0.06

BUR-22-013

136.00

138.00

2.00

0.46

0.03







BUR-22-014

260.50

264.00

3.50

0.32

0.20

BUR-22-014

260.50

262.00

1.50

0.63

0.37

BUR-22-014

311.50

316.80

5.30

0.14

0.01







BUR-22-015

21.20

36.00

14.80

0.18

0.07

Including

21.20

22.20

1.00

1.56

0.28







BUR-22-016

251.50

270.70

19.20

0.33

0.09

including

253.00

264.20

11.20

0.41

0.11

Including

253.00

255.90

2.90

0.67

0.20







BUR-22-017

23.40

59.40

36.00

0.48

0.05

Including

23.40

28.70

5.30

0.31

0.13

Including

32.00

39.30

7.30

0.47

0.03

Including

48.30

55.90

7.60

1.50

0.05

Including

48.30

52.00

3.70

2.83

0.07

BUR-22-018

18.95

79.20

60.25

0.12

0.01

BUR-22-018

18.95

21.80

2.85

0.40

0.02

Including

32.30

33.20

0.90

0.38

0.02

Including

46.20

48.80

2.60

0.20

0.02

Including

69.00

79.20

10.20

0.27

0.02

Table 1. Burfjord 2022 drill intersects.

*Lengths reported as seen in drill core. True widths are estimated at 85-100% of reported lengths.


No significant results were obtained from BUR-22-002 and BUR-22-005. Holes BUR-22-006, BUR-22-008 and BUR-22-009 failed in thick overburden.


Only limited exploration has taken place at Burfjord in the modern era before Norden Crown's recent reconnaissance drill programs. The best historical drill intercept consists of 7 metres @ 3.6% copper 1 and was obtained from the Cedarsgruve (mine) area in the northern portion of the claim block. Previous drilling at the Gamlegruve area by Norden Crown at Burfjord returned compelling results including an intercept of 32 metres averaging 0.56% copper and 0.26 g/t gold (including 3.46 metres of 4.31% copper and 2.22 g/t gold) at shallow depths below a cluster of historical mine workings 2,3 .

2022 Focus

Diamond drilling this year has focused on a newly identified, mineralized zone at F-gruve (Figure 1). Three target areas, described below, are now being prioritized for follow-up drilling to test for continuity and grade to define mineral resources.  Results at the Gamlegruve zone and parallel F-gruve zone in the south-east limb of the Bergmark anticline have returned the most interesting copper mineralized and altered zones this year.

F-gruve

Drilling this year has delineated a consistently copper and gold mineralized zone along strike from the F-gruve historical working, from surface to shallow depths (Figure 1).  Only 140 metres of strike length along an 800-metre mapped trend of vein and breccia hosted copper mineralization has been drill tested this year.  The zone remains untested at depth and the Company has particular interest towards the south, where the Caledonian nappe complex covers the gabbro unit which is host to the copper mineralization.  The 2021 magnetic survey conducted by Norden Crown reveals the presence of the gabbro unit, below the Caledonides, extending south for over 1 kilometre.  Norden Crown and Boliden are reviewing the results from drilling at the F-gruve target and are contemplating plans to continue testing the extent, thickness, and grade of the mineralized zone with further drilling.

The mineralization at F-gruve consists of numerous magnetite-jasper-carbonate-hematite-bornite-chalcopyrite veins, surrounded by an envelope of carbonate-magnetite-hematite-quartz-chalcopyrite-bornite vein stockwork and breccias.  The IOCG style of mineralization leaves the company compelled to continue exploration efforts in 2023, where a follow-up program is envisaged for the late winter season.

A list of significant intercepts at F-gruve include:

Hole

From (m)

To (m)

Length (m)

Cu %

Au ppm

ID

Metres

Metres

Metres

%

g/t

BUR-21-005

115.40

118.50

3.10

3.81

0.31

BUR-22-012

1.00

24.00

23.00

0.37

0.13

Including

11.00

20.00

9.00

0.68

0.29

Including

13.00

18.00

3.00

0.92

0.49

BUR-22-013

3.40

6.40

3.00

0.16

0.01

BUR-22-013

15.70

24.00

8.30

0.38

0.06

BUR-22-015

21.20

36.00

14.80

0.18

0.07

Including

21.20

22.20

1.00

1.56

0.28

BUR-22-017

23.40

59.40

36.00

0.48

0.05

Including

23.40

28.70

5.30

0.31

0.13

Including

32.00

39.30

7.30

0.47

0.03

Including

48.30

55.90

7.60

1.50

0.05

Including

48.30

52.00

3.70

2.83

0.07

BUR-22-018

18.95

79.20

60.25

0.12

0.01

Including

18.95

21.80

2.85

0.40

0.02

Including

32.30

33.20

0.90

0.38

0.02

Including

46.20

48.80

2.60

0.20

0.02

Including

69.00

79.20

10.20

0.27

0.02

Table 2. A list of drill intercepts at F-gruve.

Gamlegruve

Mineralization at Gamlegruve has returned intercepts including a 17.2 -metre intercept with a grade of 0.34% copper and a parallel zone grading 0.24% Copper over 24.7m including 3.4m of 0.47% Copper in hole BUR-21-004.  An intercept grading 0.51% Copper over 8.8m was also intercepted in hole BUR-21-006. The sheet-like zones of mineralization at Gamlegruve consist of carbonate and quartz stockwork veining containing chalcopyrite, magnetite, and pyrite mineralization.  The sheets of mineralization are hosted in an albite altered gabbro sill unit and occur sub-parallel and close to the eastern boundary of the intrusive unit.  The mineralized zone is also visible from the surface scars of significant historical mining activities at Gamlegruve along the mineralized trend (Figure 1).  Hole BUR-22-012, intersected mineralization from both the F-gruve and Gamlegruve mineralized trends.  The hole demonstrates the presence of copper mineralization 100m south of the extent of the Gamlegruve historical mine workings.

A list of significant intercepts at Gamlegruve include:

Hole

From (m)

To (m)

Length (m)

Cu %

Au ppm

ID

Metres

Metres

Metres

%

g/t

BUR-21-004

141.30

158.50

17.20

0.34

0.04

BUR-21-004

182.30

207.00

24.70

0.24

0.04

BUR-21-006

69.35

78.15

8.80

0.51

0.17

BUR-22-012

162.70

173.00

10.3

0.36

0.13

Including

162.70

169.90

7.20

0.47

0.15

BUR-22-012

305.80

306.30

0.50

1.39

1.27

BUR-22-014

260.50

264.00

3.50

0.32

0.20

Including

260.50

262.00

1.50

0.63

0.37

Table 3. A list of drill intercepts at Gamlegruve.

Cedarsgruve

Mineralization at Cedarsgruve has returned some historical intercepts including a 7-metre intercept with a grade of 3.6% copper.  Norden followed that last year with a 12m intercept with a grade of 1.27% copper in hole BUR-21-011 4 .  Mineralization at Cedarsgruve occurs as disseminations and fine networks of chalcopyrite and pyrite hosted within an intensely albite altered fine sedimentary package, sandwiched between two intrusive gabbro units, which contain vein hosted copper mineralization. The sedimentary package has seen historical mining in numerous places along its surface expression (Cedars gruve, Japan gruve, and Strix workings) (Figure 2) which demonstrates the presence of a mineralized trend at least 1km in length on surface. Norden is considering the use of ground electromagnetics at Cedarsgruve to delineate the presence and form of chalcopyrite networks below surface within the sedimentary package before further drill testing.

Figure 1. Burfjord 2022 drill hole locations over geology and mineral occurrences. (CNW Group/Norden Crown Metals Corp.)

Figure 2. Map showing overview of Cedarsgruve trend over geology and mineral occurrences. (CNW Group/Norden Crown Metals Corp.)

Hole ID

Depth

Azimuth

Inclination

Grid

Northing

Easting

Elevation

(metres)

ID

Metres

Degrees

Degrees

BUR-22-001

140

90

-50

WGS 84 / UTM zone 34N

7745106

545690

521

BUR-22-002

272

90

-50

WGS 84 / UTM zone 34N

7745099

545459

490

BUR-22-003

368

90

-50

WGS 84 / UTM zone 34N

7745106

545083

541

BUR-22-004

236.5

90

-50

WGS 84 / UTM zone 34N

7744514

545274

526

BUR-22-005

140.2

90

-50

WGS 84 / UTM zone 34N

7743030

545703

527

BUR-22-006

28

110

-50

WGS 84 / UTM zone 34N

7743661

546947

449

BUR-22-007

392.5

110

-50

WGS 84 / UTM zone 34N

7743860

547031

444

BUR-22-008

42

130

-50

WGS 84 / UTM zone 34N

7743777

546945

440

BUR-22-009

29

130

-50

WGS 84 / UTM zone 34N

7743835

547048

446

BUR-22-010

230.5

120

-50

WGS 84 / UTM zone 34N

7743676

547594

525

BUR-22-011

172

120

-60

WGS 84 / UTM zone 34N

7743582

547527

520

BUR-22-012

464.5

125

-50

WGS 84 / UTM zone 34N

7742636

546925

585

BUR-22-013

111.5

125

-75

WGS 84 / UTM zone 34N

7742636

546925

585

BUR-22-014

317.5

125

-50

WGS 84 / UTM zone 34N

7742543

546924

572

BUR-22-015

52.9

125

-50

WGS 84 / UTM zone 34N

7742682

546941

589

BUR-22-016

310.3

305

-50

WGS 84 / UTM zone 34N

7743580

547336

515

BUR-22-017

69

125

-75

WGS 84 / UTM zone 34N

7742682

546941

589

BUR-22-018

123

125

-50

WGS 84 / UTM zone 34N

7742767

546939

584

Table 4. Burfjord 2022 drill collar information.

Overview of the Burfjord Project

The Project, located in the Kåfjord Copper Belt near Alta, Norway , is highly prospective for Iron Oxide Copper Gold (IOCG) and Sediment Hosted Copper mineral deposits which contribute significantly to copper production globally.

Burfjord is comprised of six exploration licenses totaling 5,500 hectares. Within the license area, during the nineteenth century, copper mineralization was mined from over 30 historical mines and prospects developed along the flanks of a prominent 4 x 6-kilometre fold (anticline) consisting of interbedded sedimentary and volcanic rocks. Many of the rocks in the anticline are intensely hydrothermally altered and contain sulphide mineralization.

The high-grade copper gold veins at Burfjord, that were historically mined at cut- off grades of 3-5% copper, are surrounded by envelopes of stockwork veins or  disseminations of copper mineralization extending tens to hundreds of metres laterally into the host rocks. Norden Crown believes this mineralization has economic potential and represents an attractive bulk tonnage exploration drilling target. Copper bearing veins in the area are dominated by ferroan carbonate, sodium-rich minerals, and iron-oxide minerals (magnetite and hematite), but also contain the economically important minerals chalcopyrite, bornite and chalcocite in addition to cobalt-rich pyrite as generally coarse-grained (often 0.5 centimetre to multi-centimetre scale) disseminations in the veins.  The sodium-rich (highly saline) styles of alteration and mineralization at Burfjord are also host to elevated levels of rare elements (e.g. Cobalt), which are critical "technology metals" that are important to the emerging green energy and other industries. Discrete zones of cobalt mineralization are also present at Burfjord.

Burfjord Joint Venture Terms

Norden Crown entered into an option agreement (the "Agreement") with Boliden in respect to Burfjord (see June 10, 2020 News Release).  To earn its 51% interest in the Project, Boliden must fund 100% of the exploration programs by spending US$6 Million over the next four years.  Work on the exploration programs is directed by a joint Norden-Boliden Technical committee.

About Norden Crown Metals Corp.

Norden Crown is a mineral exploration company focused on the discovery of Zinc, Copper, Silver, Gold, and Cobalt 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. The Company is led by an experienced management team and technical team, with successful track records in mineral discovery, mining development and financing.

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%

References
  1. Source: NGU Deposit Factsheet, Deposit Area 1943-010, 1997. Norden Crown's property reviews have confirmed the geologic setting and occurrence of mineralization on the Project and considers the historical exploration data to be relevant as reported in public disclosures and government reports.
  2. See news release dated March 20, 2019 .
  3. Intercept reported as seen in drill core. The true width is estimated at 85-100% of the reported interval.
  4. See news release April 11th, 2022 .
Qualified Person

Daniel MacNeil , P.Geo, a Qualified Person as defined by National Instrument 43-101, has read and approved all technical and scientific information related to Burfjord contained in   this news release.  Mr. MacNeil is Vice President Exploration for Norden.  Mr. MacNeil has verified the data disclosed in this press release, including the sampling, ‎‎analytical ‎and test data underlying the information.‎  Mr. MacNeil has not verified historical assay information at Burfjord.

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 exploration program (consisting of diamond drilling, mapping, prospecting, outcrop sampling, airborne magnetic and ground electromagnetic geophysical surveys) and Norden Crown's belief in the economic potential and attractiveness of Burfjord as a bulk tonnage target as discussed herein, the dates the various segments of the exploration program will commence, the duration of various segments of the exploration program, the anticipated timing of the results of the exploration programs described herein and the planned uses of the resulting data. 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, the ability of the various contracted entities to complete their duties within the time expected by the Company; inclement weather conditions that may impede, delay or stop all or part of the exploration program; the effects of the Covid-19 pandemic or other pandemics or epidemics; mechanical breakdowns of equipment used in the exploration programs, changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary consents required to explore, drill and develop the projects and, if obtained, to obtain such 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.

(CNW Group/Norden Crown Metals Corp.)

SOURCE Norden Crown Metals Corp.

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Norden Crown Metals

Overview

Norden Crown Metals (TSXV:NOCR) is a resource exploration company working towards the discovery of silver, zinc, copper and gold deposits in Sweden and Norway. The company’s focus in Scandinavia is borne out of the region’s stable mineral tenure, low regulatory risk as well as easy and fast permitting. Additionally, countries like Norway, Sweden and Finland have minimal corporate taxes at 27 percent, 22 percent and 20 percent respectively.

Ranked by the Fraser Institute as among the top 10 mining regions globally, Scandinavia has solid infrastructure with six smelters in the region, deep water ports near projects and road and rail systems that provide easy access. Projects in the region are no more than a two-hour drive from any major airport.

Norden Crown Metals has two key projects in Scandinavia — the Burfjord Iron Oxide Copper Gold (IOCG) project in Norway and the Gumsberg Volcanogenic Massive Sulfide (VMS) project in Sweden — and is focused on discovering new economic mineral deposits in mining regions that have yet to benefit from modern exploration techniques.

The company’s Burfjord IOCG project, which has six exploration licenses, is located near Kåfjord, Norway. The mineralization at Burfjord is a part of the IOCG deposit clan. Additionally, Burfjord is made up of broad arrays of copper, gold and cobalt-bearing veins and has the potential to host a large copper deposit. Norden Crown commenced the ~3,500 meter diamond drill program at its 100 percent owned Burfjord Project in northern Norway in collaboration with Boliden Mineral AB. The jointly planned diamond drill program ais based on geological, geochemical, and geophysical anomalies identified during the 2020 Summer exploration programs and aims to test the copper-gold grades and continuity of new targets, historical mines, and prospects.

The Gumsberg VMS project and has five exploration licenses in the Bergslagen Mining District in southern Sweden, spanning over 18,000 hectares that contain multiple zones of VMS-style mineralization.

In 2020, Norden Crown obtained an exploration permit and an off road driving permit for the Fredriksson Gruva project in Sweden where the company intersected high grade and significant widths of Broken Hill Type mineralization in all three holes drilled in March 2021.

Norden Crown prides itself on having a strong board and technologically-driven team. With its focus in Scandinavia, Norden Crown has a competitive advantage due to the region’s solid mining infrastructure in Sweden and Norway.

Company Highlights

  • Focused on silver, zinc, copper and gold deposits in Sweden and Norway
  • Scandinavia has a historical background as a mining district with strong infrastructure and smelters, particularly in Sweden
  • Two key projects — the Burfjord IOGC project in Norway and the Gumsberg VMS project in Sweden
    • The Gumsberg VMS is the company’s flagship project and has five prospects: Östra Silvberg, Vallberget, Loberget, Fredriksson Gruvan and Gumsberg West
    • The Burfjord IOCG Project has six exploration licenses with the project’s mineralization a part of the IOCG deposit clan
  • Strong board of directors and technologically-driven team
  • Norden Crown intersected high grade and significant widths of Broken Hill Type mineralization in all three holes drilled at its Fredriksson Gruva Prospect.

Key Projects

The Fredriksson Gruva Prospect

Norden Crown’s current focus project is the 100 percent owned Fredriksson Gruva prospect in Sweden. The company recently announced an exceptional discovery at its 100% owned Fredriksson Gruva prospect (“Fredriksson Gruva”) demonstrated by significant results from the first three holes drilled below historical mine workings. The discovery holes intersected significant mineralized widths ranging from 8.15 to 13.60 metres of precious and base metal, massive and semi-massive sulphide mineralization, within a geological setting unique to mineralization belonging to the Broken Hill Type (“BHT“) clan of silver rich zinc-lead ore deposits.

The objective of the drill program was to demonstrate that mineralization continues beneath the historical mine workings, which extend to 91 metres below surface. The program was also designed to confirm historical silver-zinc-lead grades, thicknesses, and to test the continuity of this mineralization. Holes GUM-20-09 and GUM-20-10 are positioned 30 metres down plunge of the historical underground workings and are spaced 40 metres apart. Hole GUM-20-11 is 30 metres below GUM-20-10 (60 metres below the historical workings).

BHT Ag-Zn-Pb deposits constitute some of the largest and highest-grade ore deposits in the world2 (see Table 4). The namesake deposit, Broken Hill, is located in western New South Wales, Australia, and represents the largest accumulation of Pb, Zn, and Ag on Earth2. BHT deposits constitute a distinctive type of stratiform, sediment hosted lead-zinc mineral deposits. BHT deposits are characterized and distinguished from other silver-zinc-lead deposits by the chemistry of the sediment that host them and that they are usually associated spatially and temporally with volcanism.

The Gumsberg VMS Project

Gumsberg VMS mineralization was first mined in the 13th century through to the early 1900s with more than 30 mines on the property. Although there is a long-lived production history, little modern exploration has been done on the property.

Gumsberg VMS is a highly prospective precious metal-enriched zinc-silver-lead volcanogenic sulfide drill project located in the Bergslagen mining district in between the past-producing Falun and Saxberget nines and active Garpenberg and Zincgruvan mines. With extensive historical mining done on the property from shallow workings, recent exploration has shown there is additional potential for further mining.

The project is located 40 kilometers southwest of Alta, which is a regional airport and is accessible by road while only being 7.5 kilometers from tidewater.

Contained in the Gumsberg VMS Project are five prospects including Östra Silvberg, Vallberget, Loberget, Fredrickssongruvan and Gumsberg West.

The Östra Silvberg prospect is the company’s main focus in the Gumsberg VMS Project, which has exploration potential for silver and gold-enriched base metal mineralization. The prospect also has a deep history as Sweden’s largest silver mine between 1250 and 1590. Additionally, there are only five historic drill holes in the mine, all of which are shallow.

Between 2017 and 2019, Norden Crown Metals conducted drilling programs on the property that confirmed high-grade silver and zinc mineralization with lead located at-depth and peripheral to historical mine workings.

Most recent drill results from the Östra Silvberg in July 2019 returned up to 5.12 percent zinc, 2.27 percent lead and 93 g/t silver over 8.04 meters and additionally suggested that mineralization in the area is more extensive than previously thought.

Also within the Gumsberg VMS project is the Fredriksson Mine, where the company conducted a soil survey in September 2020. Over 110 soil samples were collected at 15 to 25 cm below the organic horizon across three test lines. There was an average sample station spacing of 15 meters and an average line spacing of 100 meters.

The Fredriksson Mine was discovered in 1976 with exploration conducted between then and 1977. Norden staked the Fredriksson Gruva prospect as part of a larger staking acquisition in March 2017.

The Burfjord IOCG Project

Located near Kåfjord, Norway, the company’s Burfjord IOCG Project has six exploration licenses with mineralization identified as part of the Iron Oxide Copper Gold (IOCG) deposit clan. Additionally, Burfjord is made up of broad arrays of copper, gold and cobalt-bearing veins and has the potential to host a large copper deposit.

The Burfjord IOCG Project has six exploration licenses with the project’s mineralization a part of the IOCG deposit clan.

Copper mineralization was mined in the Burfjord area during the 19th century. With over 30 historic mines and prospects, Burfjord was developed along the flanks of a prominent 4 by 6-kilometer anticlinal structure comprised of interbedded metasedimentary and metavolcanic rocks.

Located 40 kilometers northwest of regional airport Alta, the project is road-accessible and only 7.5 kilometers from tidewater. It is also 32 kilometers west of the Kåfjord copper mines, the first major industrial enterprise north of the Arctic Circle.

In June 2020, Norden Crown Metals signed an option agreement with Boliden Minerals regarding Norden’s 100-percent-owned Burfjord project. As part of the agreement, Boliden could earn a 51 percent interest in the project by spending US$6,000,000 on exploration and development at Burfjord within four years of the date of the agreement.

The four-year period to exercise the agreement may be extended if exploration and development at Burfjord is delayed by an event of force majeure. If the agreement is exercised, Boliden could earn an additional 29 percent interest in the Burfjord for an aggregate 80 percent interest by solely funding further advancement work through the delivery of a NI 43-101 and PERC (Pan European Reserves & Resources Reporting Committee) compliant feasibility study and solely funding all annual costs to keep the project in good standing.

In August 2020, Norden announced exploration is officially underway at Burfjord in collaboration with Boliden. Exploration will include geological mapping focused on the hydrothermal alteration, lithology and structural controls on gold and copper mineralization. The exploration program will also entail detailed geochemical sampling, as well as geophysics including EM and a property-wide airborne magnetic survey.

Management Team

Patricio Varas—Executive Chairman and CEO

Patricio Varas is a professional geoscientist with over 30 years of experience in exploration, project development and corporate management. Mr. Varas has a vast background working in operating mines, exploration projects, feasibility studies and mine development. Mr. Varas founded and acted as president and CEO of Western Potash Corp, which discovered and developed the world class Milestone Potash deposit in Saskatchewan.

Jeannine Webb, CPA, CGA—CFO

Jeannine Webb has over 25 years of experience in the mineral exploration sector, serving as Chief Financial Officer, Corporate Secretary and Director for private, and junior “small cap” domestic and international public companies. She has a wide range of skills on financial management and regulatory reporting, and currently serves as CFO and Corporate Secretary for private companies and various Canadian venture companies with operations in Canada, the US, and South America. She is a Chartered Professional Accountant of British Columbia.

Daniel MacNeil—VP of Exploration

As a precious and base metals specialist, Daniel MacNeil has over 15 years of experience with continental-scale projection generation to in-mine resource expansion. Mr. MacNeil has worked in a wide range of geological settings in the Americas and Eastern Europe, with his expertise including exploration strategy, target and opportunity identification, district entry strategy, business development and strategic evaluation of geologic terranes among others.

NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.

NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.

Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) has received a first option abandonment notice from Boliden AB ("Boliden") withdrawing from the Burfjord project option agreement.

As per the contract terms, Boliden will leave the project in good standing until the end of the 90 day termination notice period, and will fulfill all contractual obligations as defined by the contract provision.

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NORDEN CROWN COMPLETES SUMMER DRILLING EXPLORATION PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

NORDEN CROWN COMPLETES SUMMER DRILLING EXPLORATION PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce completion of a 3,499.40 m metre diamond drilling program at its 100% owned Burfjord Copper Project (" Burfjord " or the " Project ") in partnership with Boliden Mineral AB ("Boliden) in northern Norway . The primary objective of the drill program was to evaluate the copper-gold grade and continuity of newly established targets within areas of extensive historical mining and trenching.

Norden Crown intersected previously untested IOCG style copper mineralization, which subsequently became the focus of the drilling program.  Norden Crown is excited to share the assay results in the coming months.

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NORDEN CROWN COMMENCES MINIMUM 3,000M DRILL PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

NORDEN CROWN COMMENCES MINIMUM 3,000M DRILL PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF ( Frankfurt : 03E) has begun an estimated 3,000 to 5,000 metre diamond drilling program at its 100% owned Burfjord Copper Project (" Burfjord " or the " Project ") in northern Norway in partnership with Boliden Mineral AB ("Boliden) in northern Norway.  A variety of anomalous geological, geochemical, and geophysical targets have been identified which have potential to host economic copper-gold mineralization.  The primary objective of the drill program is to evaluate the copper-gold grades and test the continuity of newly established targets within an area of extensive historical mining and trenching. Stratigraphic drill holes are also planned to supplement targeting and expand prospectivity along the axis of the Burfjord anticline.

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Norden Crown Completes High Resolution Ground Magnetic Survey At Fredrikssons Gruvan, Gumsberg Project

Norden Crown Completes High Resolution Ground Magnetic Survey At Fredrikssons Gruvan, Gumsberg Project

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce completion of a 450 line-km ground magnetic survey at the Fredrikssons Gruvan prospect (" Fredrikssons Gruvan ") in the Bergslagen province of Southern Sweden . This is the largest and highest-resolution magnetic survey completed in the history of the area.

The magnetic survey follows up on the first three discovery holes at Fredrikssons Gruvan, drilled in the winter of 2021, where all three holes intersected significant mineralized widths ranging from 8.15 to 13.6 metres of precious and base metal (see Table 1), massive and semi-massive sulphide mineralization, within a geological setting unique to mineralization belonging to the Broken Hill Type (" BHT ") clan of silver rich zinc-lead ore deposits.

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NORDEN CROWN INTERSECTS HIGH-GRADE COPPER AT BURFJORD JV COPPER-GOLD PROJECT

NORDEN CROWN INTERSECTS HIGH-GRADE COPPER AT BURFJORD JV COPPER-GOLD PROJECT

Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce results from twelve completed diamond drill holes from two reconnaissance programs during 2021 (total 3179.2 metres) at its Burfjord copper-gold project ("Burfjord" or the "Project"). Significant drill results include 30.1m of 0.28% Cu in hole 003, 17.2m of 0.34% Cu in hole 004 and 12m of 1.27% Cu in Hole 011. A list of significant drill intercepts is presented (Table 1; Figure 1). Drilling at Burfjord was completed on time and under budget despite weather-related difficulties during the winter program.

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American Copper Development to Commence Trading on the OTCQB Venture Market Under Symbol "ACDXF"

American Copper Development to Commence Trading on the OTCQB Venture Market Under Symbol "ACDXF"

American Copper Development Corporation (CSE: ACDX) (OTCQB: ACDXF) ("ACDC" or the "‎‎Company") is pleased to announce that effective February 2, 2023, the Company's common shares will commence trading on the OTCQB Venture Market (the "OTCQB") in the United States, under the symbol "ACDXF". The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for growth and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process.

Daniel Schieber, CEO of American Copper, comments, "America needs copper, a lot of copper in order to achieve its clean energy goals. It is only fitting for our US focused copper company to be open to the American investing public. So we welcome all our future ACDXF shareholders. For those about to invest - we salute you! Let's Rock!"

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Inomin Secures Beaver Discovery Team

Inomin Secures Beaver Discovery Team

Inomin Mines Inc. (TSXV: MINE) ("Inomin", "MINE" or the "Company") reports signing a drilling agreement for the Company's Beaver-Lynx critical minerals property, an emerging magnesium-nickel-chromium-cobalt discovery located in south-central British Columbia. The next drilling is aimed at expanding Inomin's significant 2022 discovery and working towards delineating resources at Beaver. Maiden drilling is also planned at the Lynx area to test if mineralization is similar to discoveries at Beaver. Drilling is targeted to start this spring, with further drilling anticipated in summer andor autumn.

John Gomez, President of MINE comments, "We're happy we have been able to secure the same drilling company that we worked with to make our inaugural big discoveries at Beaver. Our team is excited to build on our successful exploration programs and test multiple, large, mineral footprints. We also look forward to completing first-ever drilling at Lynx that has even larger targets."

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Emerita Intersects 24.3 Meters Grading 5.1% Zinc, 2.0% Lead, 0.2% Copper, 1.16 g/t Gold and 100.5 g/t Silver, Including 7.1 Meters Grading 12.4% Zinc, 3.1% Lead, 0.2% Copper, 0.80 g/t Gold And 67.7 g/t Silver at La Romanera Deposit

Emerita Intersects 24.3 Meters Grading 5.1% Zinc, 2.0% Lead, 0.2% Copper, 1.16 g/t Gold and 100.5 g/t Silver, Including 7.1 Meters Grading 12.4% Zinc, 3.1% Lead, 0.2% Copper, 0.80 g/t Gold And 67.7 g/t Silver at La Romanera Deposit

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce assay results from 12 additional drill holes from the 2022 - 2023 delineation drilling program at La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth.

Assay results have been received for the following 12 drill holes: LR036B, LR042B, LR049, LR051, LR053, LR058, LR064, LR065, LR066, LR077, LR082 and LR086) at La Romanera deposit reported below. These holes intersected the western and center part of the deposit between -50 and -300 m elevation. This area is characterized by massive sulfides comprising sphalerite, galena and chalcopyrite within a massive pyrite gangue. A number of these holes are on the western edge of the deposit as it has been drilled to date and near the limit of the high grade sulphide mineralization, however, the extent of the deposit further to the west remains open. The massive sulphides persist along the west side of the deposit but are higher in pyrite and lower in base metals generally. It will be necessary to step out further west in future as deposits in the Iberia Pyrite Belt commonly have pyritic zones adjacent to higher grade sulphides. Gold and silver grades are locally enriched in this portion of the deposit, precious metals enrichment appears to correlate with a stockwork type mineralization such as in hole LR082 with elevated copper grades. Thickness in both the Upper and Lower Lenses locally exceed 10 meters in some intercepts. Figure 1 shows a plan map with the hole locations. Figures 2 and 3 are vertical longitudinal sections of the Upper Lens and Lower Lens, respectively, showing the position of the pierce points on the vertical projection. Table 1 provides a complete list of the drill hole data included in this news release.

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WESTERN COPPER AND GOLD'S CASINO PROJECT TO HAVE SIGNIFICANT IMPACT ON YUKON'S ECONOMY

WESTERN COPPER AND GOLD'S CASINO PROJECT TO HAVE SIGNIFICANT IMPACT ON YUKON'S ECONOMY

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce the results of an updated study on the potential economic impact of the development of its wholly owned Casino Copper-Gold Project ("Casino" or the "Project") on the Yukon and Canada recently completed by MNP LLP (the "Report").

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

The Report incorporates the results from the Casino Feasibility Study dated August 8, 2022 .

The Report highlights the impressive cumulative economic effect that developing Casino will have on the Yukon and Canada during the project's construction, operation, closure, and reclamation. The Casino project is estimated to contribute $44.3 billion to Canada's Gross Domestic Product ("GDP"), create 132,280 full-time equivalent positions ("FTE"), and generate $12.8 billion in wages and salaries over the entire life of the Project. Note that the use of FTEs is a method to account for partial employment or employment for different durations and 1.0 FTE is equivalent to a full-time job for one year of employment.

The Report estimates the GDP generated in Yukon by the construction of Casino at $1.7 billion . The construction phase is estimated to contribute $3.6 billion to Canada's economy while generating 25,580 FTEs resulting in $2.1 billion in wages and salaries across Canada .

During each of its 27 years of operation, the Casino Project is expected to contribute $1.3 billion to Yukon's economy. Operation of the mine is estimated to contribute $1.5 billion to Canada's GDP annually while creating 3,880 FTEs and generating $391 million in wages and salaries across Canada .

The Casino Project is also expected to generate $11.2 billion in taxes and royalties to various governments during the life of mine.

"The Casino Project is one of the most significant critical minerals projects in Canada and in addition to providing much needed minerals to assist the energy transition will provide great economic benefit to the Yukon and Canada ," said Dr. Paul West-Sells , President and CEO of Western. "Additionally, the Casino project will provide additional benefits such as training, education, and infrastructure enhancements, which will benefit the Yukon over the longer term. Importantly, we can do this while developing the Casino Project in a way that reflects Yukoners environmental and socio-cultural values."

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,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-golds-casino-project-to-have-significant-impact-on-yukons-economy-301737226.html

SOURCE Western Copper and Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/02/c5106.html

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Getchell Gold Corp. Files Technical Report for the Mineral Resource Estimate at Fondaway Canyon, NV

Getchell Gold Corp. Files Technical Report for the Mineral Resource Estimate at Fondaway Canyon, NV

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to announce the filing of the Mineral Resource Estimate ("MRE") technical report for the Fondaway Canyon project in Churchill County, Nevada. The MRE conceptualizes potential open pit and underground mining.

Mineral Resource Estimate Key Highlights

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Slave Lake Zinc Acquires Significant Historic Database for O'Connor Lake Critical Metals Project

Slave Lake Zinc Acquires Significant Historic Database for O'Connor Lake Critical Metals Project

Slave Lake Zinc Corp. (CSE: SLZ) (the "Company"): has recently acquired a significant database of historic (pre-1952) information pertaining to the O'Connor Lake zinc-lead-copper-silver -gold critical metals project. The Company is currently analyzing the new files and applying a modern exploration interpretation to them. The objective is to merge these new results with exploration results already generated by Slave Lake. The Company will use these combined results to coordinate the next phase of exploration consisting of geologic mapping and sampling, prospecting, and detailed geophysical surveys and to prioritize drill targets.

Slave Lake has recently reviewed our modern data with the Company's Geological consultants and a detailed interpretation of the lease portion of the 900-plus line kilometer airborne survey conducted earlier has been developed for follow up. The follow up interpretation contained within this small area to the south-west and parallel to the old head frame area has identified multiple new geophysical anomalies parallel to the main structural zone that was historically being developed prior to 1952. One strong new target is present southwest of the main zone and lies under water immediately offshore. Prior to application of modern exploration surveys this target would not be detected. Slave Lake will now conduct a detailed ground geophysical survey to define the target for drill testing. This survey work will utilize the ice cover on the lake to properly map the anomaly.

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