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NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.
NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT. ...
About this update from Domestic Metals Corp.
[{"type":"text","content":"\n \n \n \n NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 5, 2023\n \n \n /CNW/ - Norden Crown Metals Corp. (\"Norden Crown\" or the \"Company\") (TSXV: NOCR) has received a first option abandonment notice from Boliden AB (\"Boliden\") withdrawing from the Burfjord project option agreement.\n \n \n As per the contract terms, Boliden will leave the project in good standing until the end of the 90 day termination notice period, and will fulfill all contractual obligations as defined by the contract provision.\n \n \n The Burfjord IOCG project hosts numerous high-grade veins and associated copper-mineralized alteration envelopes approximately 6 kilometres by 4 kilometres in extent.  The large associated alteration footprint and widespread copper mineralization present in historical workings and intersected in Norden's recently reported reconnaissance drilling suggests there is potential to host a large bulk tonnage copper deposit.\n \n \n Only limited exploration has taken place at Burfjord in the modern era before\n \n Norden Crown's\n \n recent reconnaissance drill programs. The best historical drill intercept consists of\n \n \n 7 metres @ 3.6% copper\n \n \n 1\n \n \n and was obtained from the Cedarsgruve (mine) area in the northern portion of the claim block. Previous drilling at the Gamlegruve area by\n \n Norden Crown\n \n returned compelling results including an intercept of\n \n 32 metres averaging 0.56% copper and 0.26 g/t gold\n \n (including 3.46 metres of 4.31% copper and 2.22 g/t gold) at shallow depths below a cluster of historical mine workings\n \n 2,3\n \n .  Other attractive targets include the F-Gruve target where an intercepts of\n \n 36 metres averaging 0.48 % copper\n \n was recently reported\n \n 3,5\n \n .\n \...