VANCOUVER, B.C, Sept. 20,
2022 /CNW/ - Norden Crown Metals Corp.
("Norden Crown" or the
"Company") (TSXV: NOCR) (OTC: NOCRF) (Frankfurt: 03E) is pleased to announce
completion of a 3,499.40 m
metre diamond drilling program at its 100% owned Burfjord
Copper Project ("Burfjord" or the "Project")
in partnership with Boliden Mineral AB ("Boliden) in northern
Norway. The primary objective of
the drill program was to evaluate the copper-gold
grade and continuity of newly established targets
within areas of extensive historical mining and trenching.
Norden Crown intersected
previously untested IOCG style copper mineralization, which
subsequently became the focus of the drilling program. Norden
Crown is excited to share the assay results in the coming
months.
Norden Crown simultaneously
completed a 6,800 - sample soil survey, a 3-week geological and
structural mapping campaign and borehole electromagnetic
geophysical surveys during the exploration program.
Previous drilling by Norden Crown
(see News Release dated March 20, 2019) at Burfjord
returned compelling results including an intercept of 32 metres
averaging 0.56% copper and 0.26 g/t gold (including 3.46 metres of
4.31% copper and 2.22 g/t gold) below a cluster of
historical mine workings at the Gamlegruva target
area1,2. Previous drilling confirmed presence of
high grade carbonate-jasper-magnetite-chalcopyrite-bornite veins
cutting through pervasively magnetite-albite altered gabbro with
broad mineralized zones within carbonate-magnetite-chalcopyrite
stockworks and breccias enveloping these high-grade veins, under
the historical workings. Historical drilling on the Project
(Cedarsgruven) was reported to have returned 7.0 metres
averaging 3.6% copper3.
Patricio Varas, Chairman and CEO
of Norden Crown stated, "The
joint Norden-Boliden exploration team has made significant
advancements at Burfjord this summer. The approach was to
carry out an integrated exploration program employing an excellent
team to carry out diamond drilling, geological mapping, geochemical
sampling, and borehole geophysics to build a full,
multi-disciplined, picture of the prospectivity around so many of
the copper and gold bearing workings. The programs were
optimized using a dynamic exploration workflow with follow-up and
new target drill testing resulting from new insights around the
multiple targets during this program. We await with
excitement to receive the analysis from a number of core samples
that will surely confirm highly indicative copper results,
particularly in the Gamlegruva prospect area where typical IOCG
mineralization was confirmed. Plans are already being
formulated to carry out a follow-up drill program in the winter and
we look forward to using the new data and knowledge gained from the
various surveys to confirm and test mineralization of economic
importance."
Diamond Drilling
Norden Crown completed 3,499.40
metres of diamond drilling in 18 drill holes designed to
test a combination of geological, geochemical, and geophysical
targets identified from 2020 and 2021 field
programs (Figure 1). Drilling commenced on
July 4th and finished on
September 4th,
2022. All exploration staff and contractors have now
demobilized from site and a small road remediation operation is
underway.
Most of the drilling this year has focused on the Eastern Limb
of the Burfjord anticline (Gamlegruva and A-Gruva target areas)
which constitutes a ~5-kilometre-long trend of discontinuously
outcropping copper occurrences and historical mine adits that
contain copper sulphide mineralization (chalcopyrite and bornite)
associated with magnetite-hematite-jasper-bornite-chalcopyrite
veins and carbonate-magnetite-chalcopyrite vein stockworks and
breccias, hosted in sodic and potassic altered pillow basalts and
gabbros (Figure 1).
Holes at Gamlegruva tested a gabbro unit associated with a
magnetic feature (Figure 2) and surface copper bearing vein
stockworks. Hole BUR-22-012 intersected several significant
magnetite-jasper-hematite-bornite-carbonate-chalcopyrite veins and
adjacent zones of carbonate-magnetite-hematite-quartz-chalcopyrite
vein stockwork and breccias.
Follow up drill holes (BUR-22-013 and BUR-22-017) were completed
to test the down dip and along strike (northward step outs up to
130 metres) continuity of mineralization intersected in
BUR-22-12. These drillholes confirmed the continuity of
significant IOGC style copper mineralization within a pervasively
magnetite-albite altered gabbro unit.
The magnetic feature associated with newly intersected IOCG
mineralization extends southward and continues under the Caledonian
nappe complex and northwards along the host gabbro unit (Figures 1
and 2). Additional drilling is required to test this target
at depth.
The first batch of samples from the program is currently being
assayed with results expected in the coming weeks. The final
batch of samples is now at the assay laboratory and Norden Crown looks forward to sharing the
results of this drill program in the coming months. Planning
is already underway to continue building on the newly discovered
copper mineralization at Gamlegruva.
Geological Mapping
A total of 3 weeks of geological mapping has been completed at
Burfjord in 2022. Mapping focused on tracing the surface expression
of the copper mineralized vein trend intersected in BUR-22-012 and
follow up drillholes (Figure 1).
Several discontinuously outcropping
magnetite-hematite-jasper-chalcopyrite-bornite and
carbonate-magnetite-chalcopyrite-quartz veins (up to 1.5m wide) with halos of
ankerite-jasper-magnetite-chalcopyrite stockwork were identified
along a trend which
extends the zone along strike for at least 450 meters north of
the newly identified mineralized trend at Gamlegruva. This
significantly increases Norden's confidence in the target which
will be a focus for drilling in Q1 2023.
Furthermore, mapping across the eastern limb has been completed
with the aim of collecting structural data on copper-bearing
veins. The information compiled from the geological and
structural mapping program is being fed into the GIS database in
order to improve the current geological modelling and technical
understanding of the target areas and will aid with the planning of
exploration programs and drilling envisioned for the 2023
winter.
Borehole Geophysics
Geophysical surveys were conducted between July 22nd and September 7th on boreholes drilled
between 2018 and 2022. Fourteen (14) drillholes were surveyed with
downhole electromagnetics, furthermore, fourteen (14) drillholes
were also surveyed with an optical televiewer and petrophysical
surveys were carried out on 15 drillholes.
Preliminary results from the borehole electromagnetics have
identified two significant off-hole conductive features at the
Gamlegruva target area. These results are being evaluated to
place these features in a geological context based on previous
mapping and drillhole data.
Optical televiewer data has been collected and processed and is
currently being interpreted. These data will be used to establish
the orientation of copper mineralized veins and to further
constrain the 3-dimensional geometry of the target areas.
Petrophysical survey data is being processed which will be used
to refine magnetic models at Burfjord to highlight regions of
increased mineralized fluid flow.
Soil Sampling
A total of 6,800 soil samples were collected over the Burfjord
licences this summer. Grids were planned with 20-meter sample
spacing and line spacing of 100m
between east-west lines.
An orientation soil survey consisting of 2,400 samples over an
area of 5.1 sq-km was completed between July
1st and July
15th over the Kisgangen target area to test the
suitability of the exploration method at Burfjord. Several
anomalies were identified over known copper occurrences and the
survey was consequently expanded between August 5th and August 15th over the northern licence
area. An area of 9.5 sq-km was covered with the collection of
an additional 4,400 samples, encompassing the Cedarsgruven and
Magnusgruven target areas (see Figure 2), which have seen little to
no modern exploration.
Samples are currently being analysed and preliminary results
will be used to guide the planning of follow up drilling.
Anomalies will be evaluated and ranked in advance of
follow-up drill targeting at the various target zones including
Cedarsgruven, where 2021 drilling returned 12 metres averaging
1.27% Cu in hole BUR-21-011 (see News Release dated April 11th, 2022). Magnusgruven has
not yet been drill tested.
Overview of the Burfjord
Project
The Project, located in the Kåfjord Copper Belt near Alta,
Norway, is highly prospective for
Iron Oxide Copper Gold (IOCG) and Sediment Hosted Copper mineral
deposits which contribute significantly to copper production
globally.
Burfjord is comprised of six exploration licenses totalling
5,500 hectares. Within the license area, during the nineteenth
century, copper mineralization was mined from over 30 historical
mines and prospects developed along the flanks of a prominent 4 x
6-kilometre anticlinal fold consisting of interbedded sedimentary
and volcanic rocks. Many of the rocks in the anticline are
intensely hydrothermally altered and contain sulphide
mineralization.
The high-grade copper gold veins at Burfjord, that were
historically mined at cut- off grades of 3-5% copper, are
surrounded by envelopes of stockwork veins or disseminations of
copper mineralization extending tens to hundreds of metres
laterally into the host rocks. Norden
Crown believes this mineralization has economic potential
and represents an attractive bulk tonnage exploration drilling
target. Copper bearing veins in the area are dominated by ferroan
carbonate, sodium-rich minerals, and iron-oxide minerals (magnetite
and hematite), but also contain the economically important minerals
chalcopyrite, bornite and chalcocite in addition to cobalt-rich
pyrite as generally coarse-grained (often 0.5 centimetre to
multi-centimetre scale) disseminations in the veins.
Burfjord Joint Venture
Terms
Norden Crown entered into an
option agreement (the "Agreement") with Boliden in respect to
Burfjord (see June 10, 2020 News
Release). In order to earn its 51% interest in the Project,
Boliden must fund 100% of the exploration programs by spending
US$6 Million over the next four
years. Work on the exploration programs is directed by a
joint Norden Crown-Boliden Technical committee.
About Norden Crown Metals
Corp.
Norden Crown is a mineral
exploration company focused on the discovery of Zinc, Copper,
Silver, Gold, Cobalt and Nickel 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. The Company is led by an
experienced management team and technical team, with successful
track records in mineral discovery, mining development and
financing.
References
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1.
Intercept reported as seen in drill core. The true width is
estimated at 85-100% of the reported interval.
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2.
See Norden Crown's April 11, 2022, News Release for discussion of
analytical methods, QA/QC and core handling protocols.
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3.
Source: NGU Deposit Factsheet, Deposit Area 1943-010, 1997. Norden
Crown's property reviews have confirmed the geologic occurrence of
mineralization on the Project and considers the historic
exploration data to be relevant as reported in public disclosures
and government reports.
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Qualified Person
Daniel MacNeil, P.Geo, a
Qualified Person as defined by National Instrument 43-101, has read
and approved all technical and scientific information related to
Burfjord contained in this news release. Mr.
MacNeil is Vice President Exploration for Norden.
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
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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 exploration
program (consisting of diamond drilling, mapping, prospecting,
outcrop sampling, airborne magnetic and ground electromagnetic
geophysical surveys) and Norden Crown's belief in the economic
potential and attractiveness of Burfjord as a bulk tonnage target
as discussed herein, the dates the various segments of the
exploration program will commence, the duration of various segments
of the exploration program, the anticipated timing of the results
of the exploration programs described herein and the planned uses
of the resulting data. 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, the ability of the various
contracted entities to complete their duties within the time
expected by the Company; inclement weather conditions that may
impede, delay or stop all or part of the exploration program; the
effects of the Covid-19 pandemic or other pandemics or epidemics;
mechanical breakdowns of equipment used in the exploration
programs, changes in economic conditions or financial markets; the
ability of Norden Crown to obtain the necessary consents required
to explore, drill and develop the projects and, if obtained, to
obtain such 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.
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SOURCE Norden Crown Metals Corp.
