Nord Precious Hits 9,510 g/t Silver Intercept, Launches Fully Funded 5,000 m Drill Phase
HL•Nord Precious Metals’ Castle East hole CS-26-129W2 returned 2,343.7 g/t silver over 1.85 m, including a 0.30 m interval at 9,510 g/t silver with 3,460 ppm cobalt within a five-element vein system. The company has launched a fully funded 5,000 m drilling phase to extend its 30,000 m program across the consolidated Castle–Gowganda property.
1. Bonanza-Grade Drill Results
Hole CS-26-129W2 at Castle East delivered an average of 2,343.7 g/t silver over 1.85 metres, highlighted by a 0.30-metre segment grading 9,510 g/t silver and 3,460 ppm cobalt. This intercept sits within a broader mineralized envelope containing nickel, copper and zinc, underscoring the five-element vein assemblage that historically defines the Cobalt-Gowganda district. The result equates to approximately 4,335 gram-metres of silver, far exceeding industry thresholds for high-grade intercepts, and confirms the presence of bonanza-grade mineralization.
2. Expansion of Drilling Program
Following completion of approximately 3,500 metres in Phase I, Nord Precious has commenced a fully funded 5,000 metre drilling sequence as part of its 30,000 metre program. The latest phase targets up to 29 discrete vein structures identified via a structural model built on 75,000 metres of historical data. Funding certainty removes near-term financing risk and enables systematic testing of high-priority targets across the recently consolidated Castle–Gowganda leases.
3. Integrated Processing and Critical Minerals
Nord Precious operates TTL Laboratories, the only permitted high-grade mill in the Cobalt Camp, paired with the SGS Lakefield-validated Re-2Ox hydrometallurgical process. This integrated footprint is designed to handle arsenic-rich silver-cobalt ores and produce technical-grade cobalt sulphate, enhancing byproduct recovery economics. The combination of bonanza-grade silver intercepts and on-site processing capability positions the project to capitalize on the growing demand for both precious and critical minerals.
