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Nord Precious Metals Signed LOI to Option Two Gold Properties in Sweden with 27.1 gpt Gold at Finnsbo and up to 12.1 gpt Gold at Norrby
(TheNewswire) High grade gold assays from recent surface discoveries and historical mine samp...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Nord Precious Metals Signed LOI to Option Two Gold Properties in Sweden with 27.1 gpt Gold at Finnsbo and up to 12.1 gpt Gold at Norrby \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n High grade gold assays from recent surface discoveries and historical\nmine sampling\n \n \n \n July 9, 2024 –\n \n \n TheNewswire\n-\n \n \n Coquitlam, BC, Nord Precious Metals Mining\nInc.,\n \n \n (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt:\n4T9B) (the \"Company\" or \"Nord” or “Nord Precious\nMetals”), is pleased to announce it has signed a non-binding Letter\nof Intent (LOI) to purchase 80% of two exploration permits in Sweden\nwith the option to purchase the remaining 20% after successfully\ncompleting the option terms.\n \n \n \n \n Finnsbo Property Highlights:\n \n \n \n \n \n \n A recent grab sample at Finnsbo, gadolinite\nmineralization with gold bearing chalcopyrite, had 27.1 grams per\ntonne (gpt) Gold, 1.44% Copper and 5.3% TREOY. Nd-Pr-Dy account for\n25%.\n \n \n \n \n \n \n The 586.8 hectare property is located in Uppsala\nCounty, Sweden with road access and near infrastructure.\n \n \n \n \n \n Grab samples are selective samples and do not necessarily indicate the\nmineral composition of the property. Future controlled sampling will\nneed to be conducted.\n \n \n \n Norrby Property Highlights:\n \n \n \n \n \n \n An average assay result from 17 grab samples was 3.55\ngpt Gold in a range of 12.1gpt Gold to 1.1 gpt Gold with copper-cobalt\nassays.\n \n \n \n \n \n \n The 365.4 hectare property is also located in Uppsala\nCounty, Sweden with road access and near infrastructure.\n \n \n \n \n \n Grab samples are selective samples and do not necessarily indicate the\nmineral composition of the property. Future controlled sampling will\nneed to be conducted.\n \n \n \n “We are excited to get boots on the ground to\nevaluate this prospect, an area that has seen artisanal mining for\ncenturies for iron and could have a new life with this discovery of\n27.1 gpt gold, 5.3% TREOY and 1.44% Copper. We see a lot of demand to\nacquire new sources copper, and there is a need for western supply of\nREE; it is promising to see a deposit that could be paid by gold to\nopen up new avenues for copper and REE,” said Matthew Halliday,\nP.Geo, Presiden...