お知らせ • May 05
Nord Precious Metals Mining Inc. Reports Assay Results And Commences Drilling Phase At Castle East Project
Nord Precious Metals Mining Inc. reported assay results from hole CS-26-129W2 returning 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres at Castle East, including 9,510 g/t silver (277.6 oz/ton) over 0.30 metres with 3,460 ppm cobalt. The Company has commenced a fully funded 5,000-metre drilling phase, continuing its 30,000-metre program at the recently enlarged Castle–Gowganda Property. A new mineralized intercept in hole CS-21-73W1 cut native silver and cobalt arsenide mineralization at 501.90 metres downhole, extending the known Castle East footprint southeast; assays are pending. Silver is trading near $78 per ounce against a sixth consecutive annual supply deficit, with the Silver Institute pegging the 2026 shortfall at 46.3 million ounces. Castle East already hosts a historic Inferred resource of 7.56 million ounces of silver grading 8,582 g/t Ag, with newly acquired leases adding a historical indicated tailings resource of approximately 2,960,000 contained ounces. Nord Precious Metals Mining Inc. reported assay results from hole CS-26-129W2 at its Castle East project in Ontario's Cobalt-Gowganda district: 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres, with a 0.30-metre internal interval grading 9,510 g/t silver (277.6 oz/ton) and 3,460 ppm cobalt. Cobalt, nickel, copper, and zinc carry through the broader 1.85-metre envelope -- the five-element vein assemblage that defined the Cobalt Camp historically and that is increasingly valued in a market where critical minerals supply has its own thesis. The Company also disclosed a new mineralized intercept in hole CS-21-73W1, a wedge drilled from a 2021 parent hole and designed to test the modelled intersection of two distinct vein structures. At 501.90 metres downhole, the drill cut a calcite vein hosting native silver with plumose texture alongside strong cobalt arsenide mineralization. Additional mineralized intervals were logged between 467 and 518 metres. The hole represents the most southeastern pierce point at the intersection, extending the known Castle East mineralized footprint. Assays are pending. Operationally, Nord has commenced a fully funded 5,000-metre drilling phase, continuing the broader 30,000-metre program at the recently enlarged Castle–Gowganda Property. Phase I completed approximately 3,500 metres and confirmed the structural model developed by Ronacher McKenzie Geoscience from 75,000 metres of historical data, which identified up to 29 discrete vein targets across the property. The current phase is designed to keep testing those modelled structures with the dual objective of expanding the silver footprint and delineating the critical minerals endowment alongside it. Castle East already hosts a historic Inferred mineral resource of 7.56 million ounces of silver grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes from two sections of the Robinson Zone, beginning at a vertical depth of approximately 400 metres (NI 43-101 Technical Report, effective May 28, 2020). The newly acquired leases additionally host a historical NI 43-101 indicated tailings resource of approximately 1,940,000 tonnes grading 47.5 g/t Ag for approximately 2,960,000 contained ounces of silver at a 10 g/t cut-off (GeoVector Management, 2011). Both estimates are historical; significant additional drilling, sampling, and modelling is required before either can be classified as a current mineral resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Nord operates TTL Laboratories -- the only permitted high-grade milling facility in the Cobalt Camp -- and the SGS Lakefield-validated Re-2Ox hydrometallurgical process, built to handle the arsenic typical of complex silver-cobalt ores while producing technical-grade cobalt sulphate. That integrated footprint is what allows a high-grade silver discovery to potentially carry critical minerals byproduct credits into a production plan rather than leaving them stranded on the assay table. In addition to the Castle-Gowganda complex, the Company maintains a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project comprising 32 square kilometres near Cochrane, Ontario.