Exploration Update, Taquetren Project, Argentina

About this update from Fitzroy Minerals Inc

Exploration Update, Taquetren Project, Argentina (TheNewswire) Vancouver, British Columbia – TheNewswire - December 1st, 2022 - Norseman Silver Inc. (TSXV:NOC) ( OTC:NOCSF) (“ Norseman ” or the “ Company ”) is pleased to provide an update on the Company’s exploration program on the Taquetren project, located in Rio Negro, Argentina. Norseman Silver has an option to acquire a 100% interest in the Taquetren Project. Exploration crews are continuing an ongoing detailed surface sampling program on the Taquetren project which currently has a coverage area of close to 59,000 has. ( 145,792 acres). The focus of the current program is to cover the five target areas which have been discovered by Norseman’s exploration team namely, Marth a, Veta Nueva, Mirasol , Irma and Veta Juan. The program involves more detailed surface work along the 5-km. long corridor which covers these areas. Multi-element soil grid geochemistry as well as more detailed geologic mapping and rock sampling shall be carried out within an area of about 3,000 hectares. The same soil survey area shall also be covered by ground magnetics, the complementary results of which will be utilized to design the ground IP-Resistivity survey layout. The five targets are along the rim of a perceived large collapsed volcanic caldera complex. Previously announced results from exploration conducted in 2021 and 2022 have returned promising results. Seven (7) rock chip samples collected at Veta Juan zone averaged 7.7% copper over a strike length of 300 metres in a narrow vein structure(s) approximately 0.25m in width in a largely overburden-covered area. Nueva and Mirasol target areas are located 5 km northwest of Veta Juan. Veta Nueva returned average of 4.11% copper in 2 samples (2.7 meters @ 4.8% Cu, 0.5 g/t Au and 78.7 g/t Ag). At the Irma target, the maximum gold value of 11. 5 gram per tonne was picked up across 0.4 metres. Our exploration teams have found no evidence of previous base or precious metal exploration in the area giving Norseman a clear first mover advantage. Through the course of the detailed surface studies at the initial target area, prospecting work shall be carried out simultaneously within the rest of the expanse of the six (6) cateos or claim areas . With the encouraging results of the 2021-2022 surface exploration work. The likelihood of ...

View stock analysis, news, and events for Fitzroy Minerals Inc