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.
![Figure 1. Plan map showing grades for key intercepts in the main zones at Östra Silvberg. (CNW Group/Norden Crown Metals Corp.) Figure 1. Plan map showing grades for key intercepts in the main zones at Östra Silvberg. (CNW Group/Norden Crown Metals Corp.)](https://mma.prnewswire.com/media/1335539/Norden_Crown_Metals_Corp__Norden_Crown_Commences_Diamond_Drillin.jpg)
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.
![Norden Crown Metals Corp. (CNW Group/Norden Crown Metals Corp.) Norden Crown Metals Corp. (CNW Group/Norden Crown Metals Corp.)](https://mma.prnewswire.com/media/1335538/Norden_Crown_Metals_Corp__Norden_Crown_Commences_Diamond_Drillin.jpg)
SOURCE Norden Crown Metals Corp.