Business
Nord Precious Metals Targets Past-Producer High-Grade Silver Boundary Areas with Next Phase of Drilling
District consolidation creates drill-ready targets along historic property boundaries where over 50 million ounces of past silver production occurred on
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"District consolidation creates drill-ready targets along historic property boundaries where over 50 million ounces of past silver production occurred on either side of claim lines no single operator could previously cross; Company advancing on multiple fronts with exploration, tailings recovery, and production infrastructure progressing concurrently at silver prices above US$75 per ounce Cobalt, Ontario – TheNewswire – April 20, 2026 -- Nord Precious Metals Mining Inc. (\"Nord\" or the \"Company\") (TSXV: NTH, OTCQB: CCWOF, FSE: QN3) is entering a period of accelerating activity across its consolidated Gowganda-Castle district, with the next phase of drilling to target known structures near historic property boundaries where decades of production confirm the presence of high-grade silver-cobalt mineralization. With the Company's March 31, 2026 closing of the strategic acquisition of four mining leases, Nord now controls nearly 4 kilometres of historic property boundary, with approximately half of that through areas of documented past production. Historically, mining could not extend to property boundaries. Nord now holds title to both sides and the company expects the upcoming drill program to target areas where structures and known veins extend towards these previously inaccessible zones. The consolidation comes as silver trades above US$75 per ounce, more than double its price 12 months ago and ten times when the properties were last in production, reinforcing the economics of the Company's integrated approach to district-scale exploration and near-term production. Management Commentary \"The Company is excited to be able to drill through these historically defined artificial boundaries. With one company having title to all the area leases, we expect to identify new mineralization,\" stated Frank J. Basa, P.Eng., President and CEO. \"Just one of the past-producing mines acquired produced approximately 40 million ounces of silver. Existing permits allow drilling along the boundaries, and new permits will be submitted to allow additional drilling across this highly prospective ground. We are not simply exploring. We have a mill, we have a gravity plant, we have an engineering partner, and we have a regulatory pathway. Every metre we drill now feeds directly into a production plan.\" Boundary Area Geology and Past Production. &nb...