Jan 12, 2021
Take a seasoned 34 year mining executive/geologist and give him a stable and welcoming jurisdiction and things are bound to get very interesting, very fast. Pat Varas, Executive Chairman and CEO of Norden Crown Metals (sponsor) has traveled the world looking for resources and developing mines.
Now the focus of his attention is Scandanavia. Perhaps unknown to many, Pat extols the virtues of this extremely solid mining venue. People have been mining here since before the Middle Ages. With extremely large copper and iron deposits, they're a vital European source. And Pat sees major potential above and beyond that. He is looking forward to additional drill results in the Fredriksson Gruvan prospect, which has intersected 11.0 meters of stratiform sulphide mineralization interpreted to be Broken Hill Type (BHT) precious metal enriched base metal mineralization.
The intercept consists of massive to semi-massive sulphide mineralization, including sphalerite (zinc sulphide) and galena (lead sulphide). The intercept occurs 35 meters below historical mine workings which produced 45,000 tonnes grading 49 g/t silver, 5.77% zinc, 1.84% lead2. The Fredriksson Gruvan prospect is located on the 100% owned silver-zinc-lead-gold Gumsberg Project located in the Bergslagen Province of Southern Sweden.
There's more drilling on the way and that could mean lots more good news in the near future, which is why we own the shares. Norden Crown Metals Ticker Symbols: TSXV:NOCR - OTC:BORMF - FRA:03E