Northwire Canada EditionWednesday, November 4, 2026
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Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +0.0% Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +0.0%
Drill Results Routine +

Nord Precious Metals Extends Castle East High-Grade Silver Robinson Zone With An Intersection of 6.65m Returning 2,848 g/t Ag Including 61,389 g/t (1,790.8 oz/ton) Silver Over 0.30 Metres

Nord Precious Metals Validates High-Grade Silver Continuity at Castle East, But Dilution and Processing Timelines Keep Near-Term Upside Capped

By The Northwire Desk — AI Analysis Jun 02, 2026 · 09:00 NTH · 0.175 Nord Precious Metals Mining Inc.
Executive Summary
  • Nord Precious Metals reported high-grade silver and cobalt intercepts from drill holes CS-21-73W1, CS-21-73W2, and CS-21-73W3 at the Castle East property.
  • Hole CS-21-73W1 intersected 6.65m at 2,848 g/t Ag, including 0.30m at 61,389 g/t Ag (1,790.8 oz/ton) with 2.44% Co, 0.09% Cu, and 0.24% Ni. Vein true width is 7 cm.
  • Hole CS-21-73W2 returned 4.30m at 242 g/t Ag, including 0.30m at 3,452 g/t Ag.
  • Hole CS-21-73W3 logged a 5 cm true thickness vein at 480.8m downhole containing native silver and cobalt arsenide mineralization, with additional intervals logged between 465m and 504m. Assays are pending.
  • Drilling is part of a 5,000-metre phase within a broader 30,000-metre program aimed at expanding known zones, defining critical mineral endowment, and establishing underground access for future bulk sampling.
  • The company now holds title to all area mining leases following a recent acquisition, allowing drilling across previously fragmented boundaries.
  • The integrated processing strategy utilizes TTL Laboratories for high-grade silver recovery and the Re-2Ox hydrometallurgical process to produce technical-grade cobalt sulphate, aiming to eliminate typical arsenic barriers.
  • Historical Inferred resource at Castle East stands at 7.56 million ounces of silver at an average grade of 8,582 g/t Ag across 27,400 tonnes from the Robinson Zone.
Material Impact
  • The June 2, 2026 drilling results are consistent with the high-grade, narrow-vein style mineralization historically characteristic of the Gowganda-Cobalt district.
  • Results validate the 3D structural model and confirm the persistence of the Robinson vein system over a significant vertical range, which is expected given the ongoing exploration program.
  • No new financing, production milestone, or regulatory breakthrough was announced alongside the results. The news is incremental and confirms existing exploration progress rather than altering the commercialization timeline.
  • The acquisition of adjacent leases and consolidation of title is a positive structural development, but it was previously announced and priced in. The market reaction has been muted, reflecting the routine nature of drill updates at this exploration stage.
NTH · Price
Company Overview
  • Nord Precious Metals Mining Inc. is focused on acquiring and consolidating high-grade silver-cobalt assets in Ontario's historic Cobalt-Gowganda mining district.
  • Flagship project: Castle East Property, featuring the Robinson Zone with a historical Inferred resource of 7.56 million ounces of silver at 8,582 g/t Ag.
  • The company has consolidated its land package to 789.7 hectares, controlling eight historic shafts and over 4 kilometers of historic property boundaries.
  • Processing strategy relies on TTL Laboratories, a permitted high-grade milling facility in the Cobalt Camp, and a 600 t/d modular gravity plant for tailings recovery.
  • The Re-2Ox hydrometallurgical process is being developed to treat arsenic-bearing concentrates and produce battery-grade cobalt sulphate, targeting a hub-and-spoke toll-processing model.
  • Management is led by Frank J. Basa, P.Eng., who serves as both CEO and Chief Metallurgist, bringing technical metallurgical expertise to the project's development.
Read the original news release →

More from Nord Precious Metals Mining Inc.

Oct 13, 2026 · 18:35

Nord Precious filed a NI 43-101 report for the Gowganda tailings project, advancing permitting for near-term silver recovery.

Resource Estimate Oct 07, 2026 · 16:10

Nord Precious raises $1.6m to fund Castle East drilling as its stock hits 52-week lows.

Financings Sep 29, 2026 · 07:30

Nord Precious advances its Gowganda silver tailings project, navigating policy tailwinds alongside the practical realities of the permitting process.

Production / Operations Sep 22, 2026 · 09:37

Nord Precious advances Gowganda tailings permitting as mine dewatering secures essential process water for the project.

Production / Operations Sep 15, 2026 · 08:30

Nord Precious’s updated tailings resource advances Gowganda permitting while liquidity risks persist.

Resource Estimate Sep 09, 2026 · 09:02

Nord Precious reports bonanza silver assays from a 0.3m core intercept at its project, though no true width was disclosed.

Drill Results