VANCOUVER, BC, Feb. 25, 2021 /CNW/ - Norden Crown Metals Corp.
("Norden Crown"
or the "Company") (TSXV: NOCR) (OTC:NOCRF)
(Frankfurt: 03E) is pleased to
report drill results from a recently completed 2365.6 meter program
on the Gumsberg Project. A total of 1,796.6 meters were
drilled at the Östrasilvberg Prospect and is the focus of this news
release. The remaining 569 meters were drilled at Fredriksson
Gruva where three holes cut semi-massive and massive Broken Hill
Type mineralization. These intercepts will be the focus of a
subsequent news release which the company expects to finalize
in the days ahead. The Östrasilvberg and Fredriksson targets
are located on Norden's 100% owned Gumsberg Project, in the
Bergslagen mining province in southern Sweden.
Several holes at Östrasilvberg intersected variable widths of
massive sulphides with significant high-grade precious and base
metal mineralization including, hole GUM 20-07 which intersected
2.6m of 476.27 g/t
silver equivalent grade at a depth of 238.4m (Table 1). Hole GUM-07 also returned a
1.15m intercept with 661.27 g/t
silver equivalent grade with an additional 2.7 g/t
gold. Hole GUM 20-9 intersected 4.3m of 287.71 g/t silver equivalent grade
at a depth of 123.7m. The
highest grade intersection was in Hole GUM 20-03, which intersected
0.45m of 938.08 g/t silver
equivalent grade at a depth of 91.8m.
"We are once again very impressed by the grades we have
intercepted at the new Östrasilvberg South Discovery as we continue
the expansion of its highgrade silver-zinc-lead mineralized zones."
stated Patricio Varas, Chairman
& CEO. "Norden is now in the enviable position of having three
individual prospects, Ostrasilvberg, Fredriksson and
Vallberget-Loberget on the Gumbsberg property that host massive,
high grade mineralization to chase and are each capable of
returning an economic mineral deposit."
Table 1. Recent (2020-2021) Drill
Intercepts by Norden Crown at
Östrasilvberg.
Drill
|
From
|
To
|
Length
|
Zinc
|
Lead
|
Silver
|
Gold
|
Silver
|
Prospect
|
Hole
|
(meters)
|
(meters)
|
(meters)
|
(%)
|
(%)
|
(g/t)
|
(g/t)
|
Equivalent
|
Name
|
GUM-20-03
|
91.80
|
92.25
|
0.45
|
15.50
|
7.52
|
253.00
|
0.02
|
926.86
|
Östrasilvberg
|
GUM-20-04
|
330.35
|
330.70
|
0.35
|
1.13
|
2.54
|
82.90
|
0.01
|
179.05
|
Östrasilvberg
|
GUM-20-04
|
370.00
|
373.00
|
3.00
|
1.94
|
0.86
|
19.24
|
0.19
|
101.66
|
Östrasilvberg
|
Incl.
|
370.75
|
371.70
|
0.95
|
3.33
|
1.53
|
33.00
|
0.01
|
175.75
|
Östrasilvberg
|
GUM-20-07
|
238.40
|
241.70
|
2.60
|
6.76
|
2.91
|
159.82
|
0.42
|
444.98
|
Östrasilvberg
|
Incl.
|
238.40
|
239.30
|
0.90
|
13.73
|
4.23
|
381.39
|
0.36
|
920.90
|
Östrasilvberg
|
GUM-20-07
|
268.05
|
269.20
|
1.15
|
10.08
|
4.54
|
47.79
|
2.70
|
477.74
|
Östrasilvberg
|
GUM-20-08
|
313.15
|
313.50
|
0.35
|
1.39
|
2.16
|
133.00
|
0.00
|
228.50
|
Östrasilvberg
|
GUM-20-08
|
331.80
|
332.10
|
0.30
|
2.75
|
1.46
|
242.00
|
0.01
|
364.53
|
Östrasilvberg
|
Insufficient work has been done to report true thickness and
lengths reported as seen in drill core, true widths are estimated
to be 50-65% of reported intervals based on 3D modeling and angle
to core axis observations. Metal ratios are calculated
assuming 100% recoveries at US $1806
Gold, US $27.65 Silver, US
$ 1.05 Lead, US $ 1.29 Zinc.
Drilling at Östrasilvberg was designed to test the
along-strike and down-plunge continuity of the Main and South Zone
high-grade precious metal enriched base metal
mineralization. Four of the nine holes drilled at the
Östrasilvberg prospect in the recent campaign did not reach the
intended target(s) because they intersected post mineral mafic
intrusions (sub parallel to the drill hole) or encountered poor
ground conditions (fault rubble).
Norden Crown intends to carry out
a property-wide airborne EM geophysical survey to trace the
continuity of the mineralized VMS zones at the Östrasilvberg,
Vallberget and Loberget high-grade trends. The EM airborne
survey will also cover the greater Gumsberg West land position,
including the Fredriksson prospect, which is highly prospective for
new discoveries.
Östrasilvberg South Zone Discovery
In December 2018 and January 2019, Norden
Crown completed nine diamond drill holes in the vicinity of
the past producing Östrasilvberg 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 Östrasilvberg 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.
The presence of high-grade remobilized veins and primary
volcanogenic massive sulphide mineralization significantly upgrades
the potential at Östra Silvberg.
Table 1. Key drill Intercepts by Norden Crown at Östra Silvberg.
Drill
|
From
|
To
|
Length
|
Zinc
|
Lead
|
Silver
|
Gold
|
Silver
|
Prospect
|
Hole
|
(meters)
|
(meters)
|
(meters)
|
(%)
|
(%)
|
(g/t)
|
(g/t)
|
Equivalent
|
Name
|
BM-17-05
|
122.3
|
133.24
|
10.94
|
16.97
|
0.76
|
657
|
8.52
|
1218.33
|
Östrasilvberg
|
GUM-18-03
|
105
|
116
|
11
|
5.89
|
0.96
|
239
|
2.51
|
450.27
|
Östrasilvberg
|
GUM-18-04
|
162.16
|
173.17
|
11.01
|
7.45
|
0.77
|
275
|
2.65
|
531.73
|
Östrasilvberg
|
GUM-18-06
|
210.84
|
223.44
|
12.6
|
6.73
|
0.08
|
18.5
|
1.99
|
235.89
|
Östrasilvberg
|
GUM-18-07
|
103.58
|
104.75
|
1.17
|
2.67
|
0.44
|
32
|
1.27
|
127.88
|
Östrasilvberg
|
GUM-18-08
|
190.75
|
196.4
|
5.65
|
8.75
|
1.08
|
289
|
4.67
|
594.68
|
Östrasilvberg
|
GUM-18-09
|
105.02
|
105.94
|
0.92
|
3.98
|
0.23
|
32.8
|
0.94
|
165.67
|
Östrasilvberg
|
GUM-20-03
|
91.80
|
92.25
|
0.45
|
15.50
|
7.52
|
253.00
|
0.02
|
926.86
|
Östrasilvberg
|
GUM-20-04
|
330.35
|
330.70
|
0.35
|
1.13
|
2.54
|
82.90
|
0.01
|
179.05
|
Östrasilvberg
|
GUM-20-04
|
370.00
|
373.00
|
3.00
|
1.94
|
0.86
|
19.24
|
0.19
|
101.66
|
Östrasilvberg
|
GUM-20-07
|
238.40
|
241.70
|
2.60
|
6.76
|
2.91
|
159.82
|
0.42
|
444.98
|
Östrasilvberg
|
GUM-20-07
|
268.05
|
269.20
|
1.15
|
10.08
|
4.54
|
47.79
|
2.70
|
477.74
|
Östrasilvberg
|
GUM-20-08
|
313.15
|
313.50
|
0.35
|
1.39
|
2.16
|
133.00
|
0.00
|
228.50
|
Östrasilvberg
|
GUM-20-08
|
331.80
|
332.10
|
0.30
|
2.75
|
1.46
|
242.00
|
0.01
|
364.53
|
Östrasilvberg
|
Insufficient work has been done to report true thickness and
lengths reported as seen in drill core, true widths are estimated
to be 50-65% of reported intervals based on 3D modeling and angle
to core axis observations. Metal ratios are calculated
assuming 100% recoveries at US $1806
Gold, US $27.65 Silver, US
$ 1.05 Lead, US $ 1.29 Zinc.
About the Gumsberg Project
The strategically situated Gumsberg project consists of six
exploration licenses in the Bergslagen mining 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
Östrasilvberg 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.
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% < 2mm), and riffle split into two fractions. One is
retained (coarse reject) and the other is pulverized to 85% <
75µm. Pulps are analyzed by ultra-trace ICP-MS (ME-MS41) and
ICP-AES Au (Au-ICP22). Over detection limit samples are reanalyzed
using ore grade ICP-AES by aqua regia (ME-OG62) or by AAS in the
case of high-grade zinc (ZnAAORE).
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 the successful completion
of the Private Placement or the anticipated use of proceeds of the
Private Placement by the Company. 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.