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Nord Precious Metals Reviews Historic Feasibility Study: 325,000 Ounces of Silver Per Year Production Over Seven Years at Gowganda
1987 Kilborn Limited study documents approximately 2 million recoverable ounces at 85% metallurgical recovery, 1,000 TPD process design, and financial
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"1987 Kilborn Limited study documents approximately 2 million recoverable ounces at 85% metallurgical recovery, 1,000 TPD process design, and financial projections at US $6 to $12 per ounce silver, a fraction of current prices; Company begins confirmatory metallurgical testwork and updated resource estimate Cobalt, ON – TheNewswire - May 11, 2026 – Nord Precious Metals Mining Inc. (“Nord” or the “Company”) (TSXV: NTH, OTCQB: CCWOF, FSE: QN3) has identified and reviewed a publicly available feasibility study completed by Kilborn Limited in April 1987 for the re-milling of the silver tailings deposits on what is now Nord’s Castle-Gowganda property. The full report is publicly available here. “The Kilborn report is the product of serious engineering by a firm whose work is still referenced across Canada’s major mining camps. It answers the question every investor asks: can you process this material at scale? The answer, across every independent test program conducted over four decades, is yes,” stated Frank J. Basa, P.Eng., President and CEO. “Kilborn modelled returns at six to twelve dollars per ounce. Every previous operator held a sound technical position in an unsound price environment. That condition has reversed.” Highlights • Daily processing of 1,000 tonnes of tailings per day. Seasonal operation of 8 months per year (225,000 tons per year). • Annual gross silver production of approximately 325,000 ounces for 7 years, yielding approximately 2 million recoverable ounces at 85% metallurgical recovery over the mine life. • Silver recoveries of better than 85% attainable with sufficient grinding and leach retention time, confirmed by multiple independent test programs spanning four decades. • Financial projections at US $6, $8, $10, and $12 per ounce silver. At $12, Kilborn projected a 49.3% internal rate of return. About Kilborn Limited Kilborn Limited was founded in 1947 by Roland Kenneth Kilborn, whose contributions to the Canadian mining industry led to his induction into the Canadian Mining Hall of Fame. The firm, which at its peak employed 1,200 professionals with annual revenues exceeding $125 million, designed and built many of Canada’s most significant mining operations, including projects in the Hemlo gold camp, the Goldstrike and Meikle operations in Nevada, and more than 60% of Canada’s potash...