FULL DISCLOSURE: This is sponsored content for Nord Precious Metals.
Nord Precious Metals (TSXV: NTH) has confirmed a surface gold corridor stretching roughly 560 metres at its Castle East property, adding a second commodity story to ground the company has spent years drilling for silver.
The results come from a prospecting and stripping program run July 13 to 21 by contractor Laurentia Exploration. Crews collected 34 samples in total, including seven prospecting samples, 17 channel samples and ten grab samples across a northeast-trending corridor in Archean rocks sitting above the Nipissing diabase that hosts the high grade silver mineralization.
The best prospecting sample returned 2.80 grams per tonne gold. Channel sampling graded 2.09 g/t gold over 1.6 metres, including 2.51 g/t over 0.7 metres and 1.77 g/t over 0.9 metres. Grab samples came back at 2.47 g/t and 1.22 g/t.
The work extended a stripped exposure first opened in 2023 to about 10 by 5 metres, with four channels cut on 0.40- to 0.70-metre intervals, and enlarged a 2015 exposure to roughly 10 by 10 metres. Six new prospecting stations were documented on traverses running southwest.
“The gold corridor gives Castle East a second dimension at surface, above and around the high-grade silver system we continue to target at depth,” said Frank Basa, CEO of Nord. Because crews and equipment were already mobilized, he noted, the work was done at minimal incremental cost.
Basa was careful not to overreach. “We are not assuming the gold and the silver-cobalt systems are connected; each target will be advanced on its own merits within one district-scale property.”
A larger fall program of prospecting and stripping is being planned, including further cleaning of the 2015 exposure. The results will feed an expanded geological model defining silver, cobalt and coincident gold domains.
Nord Precious Metals last traded at $0.15 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.
