FULL DISCLOSURE: This is sponsored content for Nord Precious Metals.
Nord Precious Metals (TSXV: NTH) has put hard numbers behind a vein it teased back in early June, reporting assays from hole CS-21-73W3 at its Castle East project that confirm another high grade extension of the Robinson silver-cobalt system.
The standout intercept came at 480.8 metres downhole, where the drill cut a five centimetre thick vein of native silver with a dendritic texture and cobalt arsenide set in a calcite matrix.
Highlights from CS-21-73W3 include:
- CS-21-73W3: 13,620.4 g/t silver and 1.84% cobalt over 0.6 metres from a depth of 480.8 metres
- Including 25,803.2 g/t silver and 3.60% cobalt over 0.30 metres from a depth of 481.1 metres
- CS-21-73W3: 395.5 g/t silver over 0.9 metres from a depth of 433.5 metres
- Including 1,106.8 g/t silver over 0.30 metres from a depth of 434.1 metres
The intercept sits roughly 25 metres up-dip and to the south of the company’s CS-21-73W1 result reported earlier in June, extending the same structure. Notably, cobalt graded higher here than in that earlier hole.
Nord logged silver and cobalt bearing carbonate veins across nearly 40 vertical metres, between 465 and 504 metres, though only the higher grade veins have been assayed so far. The remainder is still sitting at the lab with assays pending.
The hole is a wedge drilled off parent hole CS-21-73, part of a roughly 4,800 metre Phase I program that forms the front end of a much larger 30,000 metre program at the Castle-Gowganda property. With title now consolidated across the area leases, the drill is turning toward historic property boundaries that fragmented ownership had previously kept off limits.
“When we published the photographs of this vein on June 2, the core made the case; these assays put the numbers to it,” said Frank J. Basa, President and CEO. He added that the silver and cobalt bearing veins logged across nearly 40 vertical metres suggest the structure “remains open in the directions we have tested.”
“With title now held across all the area leases, we can drill the boundaries that fragmented ownership kept closed, and every metre of this character feeds two things at once: the resource update we are working toward and the critical-minerals position that Nord’s processing infrastructure was built to capture,” he added.
Nord Precious Metals last traded at $0.16 on the TSX Venture.
FULL DISCLOSURE: Nord Precious Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Nord Precious Metals. The author has been compensated to cover Nord Precious Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
