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'srecently reported reconnaissance drilling suggests there is potential to host a large bulk tonnage copper deposit. Only limited exploration hastaken place at Burfjord in themodern era beforeNorden Crown'srecent reconnaissance drill programs. The best historical drill intercept consists of 7 metres @ 3.6% copper1 and was obtained from the Cedarsgruve (mine) area in the northern portion of the claim block. Previous drilling at the Gamlegruve area by Norden Crown returned compelling results including an intercept of 32 metres averaging 0.56% copper and 0.26 g/t gold (including 3.46 metres of 4.31% copper and 2.22 g/t gold) at shallow depths below a cluster of historical mine workings2,3. Other attractive targets include the F-Gruve target where an intercepts of 36 metres averaging 0.48 % copper was recently reported3,5.
2023 Focus
Diamond drilling in 2022 focused on a newly identified, mineralized zone at the F-gruve target. Three target areas, including the Cedarsgruve and Gamlegruve targets are now being prioritized for follow-up drilling to test for continuity and grade to define mineral resources. Results at the Gamlegruve zone and parallel F-gruve zone in the south-east limb of the Bergmark anticline have returned the most interesting copper mineralized and altered zones this year. Drilling has delineated a consistently copper and gold mineralized zone from surface to shallow depths, along strike from the F-gruve historical working4,5. Only 140 metres of strike length along an 800-metre mapped trend of vein and breccia hosted copper mineralization has been drill tested this year. The zone remains untested at depth and the Company has particular interest towards the south, where the Caledonian nappe complex covers the gabbro unit which is host to the copper mineralization.
Overview of the
The Project, located in the Kafjord Copper Belt near Alta,
About
Norden Crown is a mineral exploration company focused on the discovery of Zinc, Copper, Silver, Gold, and Cobalt deposits in exceptional, historical mining project areas spanning
Contact:
T: +1.604.922.8810
E: info@nordencrownmetals.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed 'forward-looking statements'. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Forward-looking statements may include, without limitation, statements relating to future outlook and anticipated events, such as the successful completion of the exploration program (consisting of diamond drilling, mapping, prospecting, outcrop sampling, airborne magnetic and ground electromagnetic geophysical surveys) and Norden Crown's belief in the economic potential and attractiveness of Burfjord as a bulk tonnage target as discussed herein, the dates the various segments NEWS RELEASE CAN: 40184107.2 of the exploration program will commence, the duration of various segments of the exploration program, the anticipated timing of the results of the exploration programs described herein and the planned uses of the resulting data. Although Norden Crown believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the ability of the various contracted entities to complete their duties within the time expected by the Company; inclement weather conditions that may impede, delay or stop all or part of the exploration program; the effects of the Covid-19 pandemic or other pandemics or epidemics; mechanical breakdowns of equipment used in the exploration programs, changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary consents required to explore, drill and develop the projects and, if obtained, to obtain such consents in a timely fashion relative to Norden Crown plans and business objectives for the projects; the general ability of Norden Crown to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company's ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of Norden Crown management on the date the statements are made. Except as required by law, Norden Crown undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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