Editor’s Note
Nord Precious Metals has released initial results from its Phase 1 drilling at the Castle East project, part of a larger 30,000-metre campaign. The program is targeting high-grade silver intercepts, including some of the richest reported in Ontario’s Cobalt Camp in recent years.
Nord Precious Metals Inc. (“Nord” or the “Company”) (TSXV: NTH, OTC:CCWOF, OTCQB: CCWOF, FF: QN3) has completed over 2,100 metres of its Phase 1 drill program at Castle East, the first 3,500-metre stage of a planned 30,000-metre campaign. The program follows up on some of the highest-grade silver intercepts reported in the Cobalt Camp in recent years, including 19,308 g/t Ag over 1.30 metres (at 550.60m in CS-20-39W4) and 89,853 g/t Ag over 0.30 metres (at 557.46 m in CS-20-39).
A comprehensive reinterpretation of the Castle East dataset, encompassing geophysics, structural analysis, and over 75,000 metres of historical drilling, has identified a potential 29 discrete vein structures in a new geological model. Phase 1 is designed to confirm these modelled structures. The broader program aims to increase the resource estimate for Castle East and to position a ramp for underground access, enabling further drilling at depth and the recovery of a bulk sample for processing at the Company’s fully permitted high-grade mill in Cobalt, Ontario.
Three holes have been completed to date. Of these, CS-26-129W2 intersected three distinct mineralized intervals, consistent with the multi-vein architecture identified in the Company’s 2025 3D geological model. Assay results are pending and will be released as they become available.
Native silver in the Cobalt Camp occurs both within high-grade vein structures and as fine fracture-filled silver in the adjacent host rock. To capture the full distribution of mineralization, the Company will report results using two sample widths for each interval: a narrower cut representing the high-grade vein proper, and a wider envelope that includes silver hosted in the surrounding wall rock. This dual-width approach is designed to give investors and future engineers a clear picture of both vein-scale grade and the broader mineralized zone available for bulk extraction, supporting the Company’s planned transition from exploration drilling to underground development and bulk sampling through its existing processing infrastructure in the Cobalt Camp.
The technical information in this news release was approved and prepared under the supervision of Mr. Frank J. Basa, P.Eng. (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101.
Nord Precious Metals Mining Inc. operates TTL Laboratories, the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the Company has established an integrated position connecting high-grade silver discovery with strategic metals recovery operations.
The Company’s flagship Castle property encompasses 56 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in a now historic, Inferred resource grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 metres. The report, titled NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario Canada with effective date of May 28, 2020 authored by M.Rachidi, P.Geo., Ph.D. of GoldMinds Geoservices. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the Nord Precious Metals Press Release of May 27, 2020, for the resource estimate.