Nord Intersects 20,675 g/t Silver over 0.3 Metres and 10,413 g/t Silver over 0.3 Metres at Castle East
Nord Precious reports bonanza silver assays from a 0.3m core intercept at its project, though no true width was disclosed.
Nord Precious Metals Mining Inc. (NTH) reported assay results from a single wedge hole, CS-26-140W1, at its Castle East project near Gowganda, Ontario. The hole intersected three separate silver-cobalt intervals across a 59.4-metre downhole span.
- Upper interval, 404.20 to 406.20 m: 2.00 m at 4,683 g/t Ag and 0.53% Co, including 0.30 m at 20,676 g/t Ag with 1.16% Co and 0.30 m at 6,159 g/t Ag with 2.32% Co.
- Middle interval, 450.30 to 450.60 m: 0.30 m at 1,560 g/t Ag.
- Lower interval, 459.40 to 463.60 m: 4.20 m at 1,546 g/t Ag, including 0.90 m at 4,540 g/t Ag with 0.24% Co, 1.20 m at 1,991 g/t Ag, and 0.30 m at 10,414 g/t Ag with 0.72% Co.
- The release also discloses a 0.30 m sub-interval at 5,029 g/t Ag within the 1.20 m lower sub-interval.
All reported intervals are core lengths; true widths have not been determined. The company explicitly states the intervals are not one continuous mineralized interval. The hole lies approximately 9 m from CS-21-92, which returned 914 g/t Ag over 0.5 m, and 10 m from CS-20-43, which returned 992 g/t Ag over 1.0 m. The release ties the results to the interpreted Robinson structure and a parallel structure called Big Silver, east of the Robinson Zone.
Nord Precious Metals Mining Inc. (NTH) is a micro-cap explorer facing a going-concern warning. Its first-quarter 2026 financials reveal negative equity of approximately C$1.43 million, a working capital deficit of about C$0.55 million, and a net loss of C$7.04 million, leaving the company reliant on repeated financing.
The latest drilling result does not alter the resource base or demonstrate economic width. It represents a single wedge hole with no true width, no cutoff, and no associated resource update.
The market already has access to earlier, higher-grade hits within the same system. Even the June 2026 result of 61,389 g/t Ag over 0.30 m did not re-rate the stock, which remained trading around C$0.15-0.17. Consequently, this smaller result is unlikely to serve as a positive surprise.
This argues against classifying this release as a material negative miss. Instead, it is another high-grade but unquantified intercept in a market that has already seen many similar results.
Nord Precious Metals Mining Inc. is a Canadian silver-cobalt explorer and developer operating in Ontario's Cobalt-Gowganda district. Its flagship asset is the 63 sq. km Castle property, which hosts three past-producing silver mines and the Castle East system. Castle East contains a historical inferred resource of approximately 7.56 million ounces of silver at an average grade of 8,582 g/t Ag across 27,400 tonnes from sections 1A and 1B. This estimate is historical and does not constitute a current NI 43-101 resource.
The company also holds the Gowganda tailings project, which features a historical indicated estimate of approximately 1.94 million tonnes at 47.5 g/t Ag, containing about 2.96 million ounces of silver. According to company disclosures, it operates TTL Laboratories, the only permitted high-grade milling facility in the historic Cobalt Camp, and promotes the Re-2Ox hydrometallurgical process for arsenic-bearing silver-cobalt material. Additionally, the company holds a 35% interest in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project.
Financially, the company reported a Q1-2026 net loss of C$7.04M, negative total equity of C$1.43M, and a working capital deficit of C$0.55M, accompanied by an explicit going-concern flag. Shares outstanding were reported at 137,619,089 in the investor presentation, resulting in a market capitalization near C$23M at a share price of C$0.17.