VANCOUVER, BC, Nov. 9, 2020 /CNW/ - Norden Crown Metals Corp.
("Norden Crown"
or the "Company") (TSXV: NOCR) (OTC: BORMF)
(Frankfurt: 03E) is pleased to
announce the results of data compilation and 3D modeling at
Fredriksson Gruva, located on the 100% owned silver-zinc-lead-gold
Gumsberg Project located in the Bergslagen Province of Southern
Sweden. Norden Crown has
identified a series of drill targets at Fredriksson Gruva where
historical data demonstrates silver-lead-zinc mineralized zones
dipping moderately eastward. Test mining from an open pit
where these zones reach the surface produced 21,000 tonnes grading
53 g/t silver, 5.13% zinc, and 1.7% lead3.
Subsequent underground mining production down to 91 meters produced
and additional 45,000 tonnes grading 49 g/t silver, 5.77% zinc,
1.84% lead3.
"The Fredriksson Mine contains silver-zinc mineralization
that is reminiscent of Broken Hill-type Pb-Zn-Ag (BHT)
deposits named after the Broken Hill Deposit, the largest
accumulation of Pb-Zn-Ag on Earth1,2","
stated Patricio Varas, CEO and
Chairman of Northern Crown. "The grade from the mined ore
is remarkably consistent and historic drilling rarely missed
mineralization, which is very encouraging for further resource
expansion."
Historical Diamond
Drilling
A total of 29 historical holes (3,935.8 meters) have been
drilled at Fredriksson Gruva to an average depth of 135
meters. Drilling has penetrated to 300 meters below surface
however most of the holes are concentrated between surface and 100
meters depth (Figures 1 and 2). Historical drilling defines
significant silver-zinc-lead mineralization over an area measuring
300 meters (east-west), 200 meters (north-south) and 300 meters
vertically (Figures 1 and 2). Historical open pit and
underground mining has removed mineralization in the top 91 meters
of the deposit (Figure 2). Mineralization at Fredriksson
Gruva extends for a minimum of 200 meters below the historical
workings and is open in all directions. The Fredriksson Gruva
target will be the focus of an upcoming diamond drill program by
Norden Crown.
1Comparisons to the Broken Hill Deposit are strictly
for purposes of establishing deposit models and are not indicative
of mineralization hosted on the Company's property.
2Spry, P.G., Teale, G.S., and Steadman, J.A., 2009,
Classification of Broken Hill-type Pb-Zn-Ag deposits: A refinement.
Eos Transactions AGU, v. 90 (22), Joint Assembly Supplement,
Abstract, V21A-01
3Edberg, L., and
Flood, B., 1982. Rapport Grb 262 SLUTRAPPORT FRAN
DIAMANTBORRNINGARNA VID FREDRIKSSONGRUVAN (GYLLINGEN) 1981/1982©
Sveriges geologiska undersökning (SGU) (Geological Survey of
Sweden)
|
Hole
|
From
|
To
|
Length
|
Silver
|
Zinc
|
Lead
|
Silver
|
|
ID
|
(meters)
|
(meters)
|
(meters)
|
(g/t)
|
(%)
|
(%)
|
Equivalent
(g/t)
|
|
FR-D-1
|
33.00
|
37.30
|
4.30
|
41.18
|
3.27
|
1.52
|
201.55
|
|
FR-D-10
|
80.35
|
86.40
|
6.05
|
15.45
|
3.71
|
0.50
|
163.04
|
|
FR-D-11
|
76.36
|
86.60
|
10.24
|
74.74
|
6.86
|
2.20
|
383.26
|
|
FR-D-21
|
195.70
|
199.59
|
3.89
|
66.13
|
7.79
|
1.75
|
395.71
|
|
FR-D-22
|
223.60
|
226.00
|
2.40
|
19.00
|
7.79
|
1.20
|
333.14
|
|
FR-D-23
|
191.90
|
206.79
|
14.89
|
19.77
|
3.46
|
0.78
|
166.44
|
|
Incl.
|
191.90
|
197.02
|
5.12
|
28.73
|
6.21
|
1.04
|
281.30
|
|
FR-D-24
|
172.65
|
173.85
|
1.20
|
34.00
|
2.23
|
1.25
|
149.41
|
|
FR-D-25
|
335.07
|
336.34
|
1.27
|
37.00
|
8.37
|
2.27
|
402.10
|
|
FR-D-25
|
353.59
|
354.62
|
1.03
|
0.10
|
14.90
|
0.85
|
560.33
|
|
FR-D-5
|
48.00
|
59.40
|
11.40
|
41.39
|
6.43
|
1.44
|
313.22
|
|
FR-D-6
|
53.25
|
57.55
|
4.30
|
28.00
|
4.77
|
1.42
|
239.57
|
|
FR-D-7
|
74.60
|
81.80
|
7.20
|
26.90
|
6.82
|
1.16
|
305.02
|
|
FR-D-9
|
57.31
|
64.05
|
6.74
|
47.23
|
3.01
|
0.61
|
172.57
|
|
FR-D-9
|
70.50
|
88.50
|
18.00
|
25.82
|
4.87
|
6.47
|
383.08
|
|
GY1
|
3.50
|
33.60
|
30.10
|
58.88
|
3.77
|
7.43
|
403.37
|
|
Incl.
|
3.50
|
10.90
|
7.40
|
92.31
|
7.48
|
3.59
|
462.74
|
|
Incl.
|
11.90
|
17.55
|
5.65
|
98.50
|
8.17
|
3.79
|
499.21
|
|
Incl.
|
26.20
|
27.00
|
0.80
|
302.40
|
4.86
|
6.35
|
655.64
|
|
GY3
|
28.75
|
36.70
|
7.95
|
14.52
|
2.61
|
0.84
|
131.99
|
|
Incl.
|
34.85
|
36.70
|
1.85
|
32.81
|
7.77
|
1.35
|
350.68
|
|
GY5
|
71.45
|
78.35
|
6.90
|
21.06
|
2.64
|
1.11
|
147.29
|
|
GY6
|
17.40
|
20.30
|
2.90
|
0.00
|
3.43
|
0.41
|
134.99
|
|
GY7
|
22.60
|
27.35
|
4.75
|
0.00
|
6.80
|
2.87
|
325.45
|
|
Incl.
|
23.60
|
27.35
|
3.75
|
275.60
|
7.69
|
3.28
|
644.69
|
|
OR
|
23.60
|
26.35
|
2.75
|
358.80
|
8.45
|
4.01
|
775.85
|
|
GY8
|
80.90
|
93.20
|
12.30
|
0.00
|
3.32
|
0.22
|
125.69
|
|
Incl.
|
82.90
|
85.90
|
3.00
|
0.00
|
3.77
|
0.55
|
151.10
|
|
Incl.
|
87.40
|
89.40
|
2.00
|
0.00
|
6.63
|
0.08
|
240.65
|
Table 2 - Selected Intercepts from historical
diamond drilling at Fredriksson Gruva, Sweden.
True widths of the reported mineralized intervals have not been
determined. Metal prices used in USD for metal equivalent
calculations were based on $20.00/oz
for Ag, $1.05/lb for Zn, $0.82/lb Pb. AgEq equals = Ag + (Zn% ×
35.99600522) + (Pb% x 28.11116598). Metal equivalent
calculations assume 100% recoveries. These drill results are
historical in nature. Norden
Crown has not undertaken any independent investigation of
the sampling nor has it independently analyzed the results of the
historical exploration work to verify the results. Norden
Crown considers these historical drill results relevant as the
Company will use this data as a guide to plan future exploration
programs. The Company also considers the data to be reliable
for these purposes, however, the Company's future exploration work
will include verification of the data through drilling.
Figure 1 - Longitudinal section Fredriksson
Gruva. Fredriksson Gruva is open in all directions.
Figure 2 - Cross section Fredriksson Gruva.
Fredriksson Gruva is open in all directions.
About Fredriksson Gruva (Fredriksson Mine)
Fredriksson Gruva was discovered in 1976 by LKAB Prospektering
AB3. Exploration was carried out in 1976 and 1977
including surface trenching, sampling and drilling of 9 diamond
drill holes, which identified precious metal enriched base metal
mineralization3. In 1977, AB Statsgruvor (ABS)
acquired the Fredrikssongruvan prospect and conducted open pit test
mining in 1978. Test mining was conducted to a depth of 20
meters below surface and produced 21,500 tonnes grading 53 g/t
Silver, 5.13% zinc, and 1.7% lead3. A total of 11
additional holes were drilled in 1979 to test the down plunge
extent of mineralization. Between 1980 and 1981 mining
activites resumed and an underground tram was installed. A
total of 45,000 additional tonnes grading 49 g/t silver,
5.77% zinc, 1.84% lead were produced from workings that extend to a
depth of 91 meters (4 underground levels)3. Also during
this period, 4 holes were drilled and a core re-logging progam was
completed. In addition, surface trenching and a magnetic
gephysical survey was completed. Norden Crown staked the the Fredriksson Gruva
prospect as part of a larger staking acquisition (Gumsberg nr 9) in
March, 2017. This licence is refered to as "Gumsberg West"
and forms the western half of the highly prospective Gumsberg
Project.
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.