Nord Precious Metals Yields 9,510 g/t Silver Bonanza at Castle East
Silver surged 148% in 2025, creating a sixth straight annual deficit of 46.3 million ounces even as exploration budgets remain static. Nord Precious Metals reported assay hole CS-26-129W2 grading 2,343.70 g/t over 1.85 m with a 0.30 m bonanza interval at 9,510 g/t and 3,460 ppm cobalt.
1. Silver Market Backdrop
Silver prices climbed roughly 148% in 2025 and hover near $78 per ounce as the industry records a sixth consecutive annual supply deficit estimated at 46.3 million ounces, driven by rising industrial demand and limited exploration funding.
2. Bonanza-Grade Drill Results
Nord Precious Metals’ Castle East hole CS-26-129W2 returned 2,343.70 g/t silver over 1.85 metres, including a 0.30 metre interval at 9,510 g/t silver with 3,460 ppm cobalt, while a second intercept at 501.90 metres depth revealed native silver and cobalt arsenide in the calcite vein.
3. Integrated Processing and Ongoing Drilling
The company has full title to all Castle–Gowganda leases and operates a 30,000‐metre exploration program, including a fully funded 5,000‐metre phase, while its TTL Laboratories and Re-2Ox hydrometallurgical process enable recovery of critical minerals such as cobalt from complex ores.