Norden Crown Commences Diamond Drilling at Östra Silvberg
VANCOUVER, BC, Nov. 16, 2020 /CNW/ - Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) (OTC: BORMF) (Frankfurt: 03E) is pleased to announce an initial 2,500 meter diamond drill program at the Östra Silvberg Prospect located on the Gumsberg License, in the Bergslagan Province in southern Sweden. Arctic Drilling has mobilized and drilling commenced on November 10, 2020. The objective of ongoing drilling at Östra Silvberg is to expand the Main Zone and the newly discovered high-grade South Zone (see the Company's news release dated March 4, 2019) with step down (down plunge) and step out (along strike) drill expansion. Previous drilling in the South Zone by Norden Crown returned multiple high grade intercept including 10.94 metres of 656.7 g/t silver, 16.97% zinc, 8.52% lead and 0.76 g/t gold (BM-17-005) south of the main Östra Silvberg mine workings (see the Company's news releases dated February 28, 2018, March 4, 2019 and July 9, 2019.)
"We are thrilled to continue testing the new Östra Silvberg South Discovery and to continue the expansion of its high-grade silver-zinc-lead mineralized zones." stated Patricio Varas, CEO. "Drilling completed to date on this zone has returned consistent high-grade intercepts from below surface to roughly 250 metres and remains open at depth and along strike. We cannot wait to see what further delineation drilling may deliver in this campaign. "
Östra Silvberg South Zone Discovery
In December 2018 and January 2019, Norden Crown completed nine diamond drill holes in the vicinity of the past producing Östra Silvberg Mine. Diamond drilling tested prospective stratigraphy east, west and down-plunge of the previously reported intercept from BM-17-005, which returned 10.94 metres of 656.7 g/t silver, 16.97% zinc, 8.52% lead and 0.76 g/t gold south of the main Östra Silvberg mine workings (see Boreal News Release dated February 28, 2018). Holes GUM-18-006, GUM-18-008 and GUM-18-009 tested the down-plunge and along-strike continuity of newly recognized remobilized silver-zinc-lead-gold mineralization that occurs 50 metres south of the historical workings which was intercepted in BM-17-005 in Boreal's 2017/2018 program and again in holes BM-18-003 and BM-18-004. GUM-18-007 tested the down plunge extent of historically mined mineralization exposed at surface. Drill holes GUM-18-006 through GUM-18-009 expanded the newly discovered zone. Drill hole GUM-18-006 cut two zones of pyrite-rich massive sulphide lenses which returned significant lead-zinc mineralization interpreted to represent the primary sulphide source of the remobilized sulphides.
Table 1. Key drill Intercepts by Norden Crown at Östra Silvberg.
HOLE |
FROM |
TO |
Length |
AG |
AU |
ZN |
PB |
AG |
ID |
METERS |
METERS |
METERS |
G/T |
G/T |
(%) |
(%) |
EQ |
BM-17-05 |
122.30 |
133.24 |
10.94 |
656.70 |
0.76 |
16.97 |
8.52 |
1573.56 |
GUM-18-03 |
105.00 |
116.00 |
11.00 |
239.00 |
0.96 |
5.89 |
2.51 |
605.58 |
GUM-18-04 |
162.16 |
173.17 |
11.01 |
275.12 |
0.77 |
7.45 |
2.65 |
685.16 |
GUM-18-06 |
210.84 |
223.44 |
12.60 |
18.53 |
0.08 |
6.73 |
1.99 |
323.72 |
GUM-18-07 |
103.58 |
104.75 |
1.17 |
32.00 |
0.44 |
2.67 |
1.27 |
202.31 |
GUM-18-08 |
190.75 |
196.40 |
5.65 |
289.32 |
1.08 |
8.75 |
4.67 |
830.06 |
GUM-18-09 |
105.02 |
105.94 |
0.92 |
32.80 |
0.23 |
3.98 |
0.94 |
222.61 |
The presence of high-grade remobilized veins and primary volcanogenic massive sulphide mineralization significantly upgrades the potential at Östra Silvberg.
About the Gumsberg Project
The strategically situated Gumsberg project consists of six exploration licenses in the Bergslagen Province of southern Sweden totaling over 18,300 hectares, where multiple zones of VMS and related styles of mineralization occur. Silver-rich mineralization at Gumsberg was mined from the 13th century through the early 1900s, with over 30 historic mines present on the property, most notably the Östra Silvberg Mine which was the largest silver mine in Sweden between 1250 and 1590. Despite its long-lived production history, relatively little modern exploration has taken place on the project. New geologic interpretations, geophysical surveys and reconnaissance drilling have led to the identification of multiple new exploration targets near the historic workings.
Qualified Person
Daniel MacNeil, P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is Vice President Exploration for Norden Crown.
About Norden Crown Metals Corp.
Norden Crown is a mineral exploration company focused on the discovery of silver, zinc, copper, and gold 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 techniques. The Company is led by an experienced management team and an accomplished technical team, with successful track records in mineral discovery, mining development and financing.
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: potential quantity and/or grade of minerals; potential size and expansion of a mineralized zone; and proposed timing of exploration and development plans. 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, Norden Crown's ability to raise sufficient capital to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and 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.
SOURCE Norden Crown Metals Corp.
on Norden Crown please visit the Company website at www.nordencrownmetals.com or contact us at +1.604.618.1835 or [email protected]
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