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Bonanza-Grade Silver Returns to the Cobalt Camp as One Junior Pulls 9,510 g/t and Funds the Next 5,000 Metres
A high-grade assay inside a broader silver-cobalt envelope, a new pierce point at the intersectio...
About this update from Coniagas Battery Metals Inc.
[{"type":"text","content":"Bonanza-Grade Silver Returns to the Cobalt Camp as One Junior Pulls 9,510 g/t and Funds the Next 5,000 MetresIssued on behalf of Nord Precious Metals Mining Inc.\nA high-grade assay inside a broader silver-cobalt envelope, a new pierce point at the intersection of two major vein structures, and a fully funded next phase position one Cobalt-Gowganda explorer for a heavy news flow summer. COBALT, Ontario, May 04, 2026 (GLOBE NEWSWIRE) -- Canada News Group News Commentary — Silver’s run into the high $70s has revived a question the market has not had to take seriously in more than a decade: where do the next high-grade ounces actually come from? With silver trading around $78 per ounce and the Silver Institute pegging the 2026 shortfall at 46.3 million ounces — a sixth consecutive deficit year — investors are scanning the explorer universe for the kind of grades that move the needle on project economics, not just press releases. That backdrop frames today’s update from Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3), which reported assay results from hole CS-26-129W2 at its Castle East project in Ontario’s historic Cobalt-Gowganda district. The headline number: 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres, including a 0.30-metre interval grading 9,510 g/t silver (277.6 oz/ton) with 3,460 ppm cobalt. The intercept sits inside a broader mineralized envelope carrying elevated cobalt, nickel, copper, and zinc — the five-element vein assemblage that defined the Cobalt Camp historically and that increasingly matters in a market where critical minerals supply is itself a thesis. Nord also disclosed a new mineralized intercept in hole CS-21-73W1, a wedge drilled from a 2021 parent hole. At 501.90 metres downhole, the drill cut a calcite vein hosting native silver with plumose texture alongside strong cobalt arsenide mineralization, with additional mineralized intervals logged between 467 and 518 metres. The hole was designed to test the modelled intersection of two distinct vein structures, and represents the most southeastern pierce point at that intersection — extending the known footprint of the Castle East system. Assays are pending. To translate the operational news, the Company has commenced a fully funded 5,000-metre drilling phase, continuing its o...