Northwire Canada EditionSaturday, July 11, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +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.

Jun 29, 2026 · 17:29

Nord Precious hit bonanza-grade silver at Castle East as its balance sheet faces imminent pressure.

Drill Results Jun 04, 2026 · 09:15

Nord Precious’s Bonanza silver intercepts validate the Cobalt Camp structure, though dilution and permitting delays delay near-term production.

Drill Results May 19, 2026 · 09:00

Nord Precious Metals Consolidates Gowganda Tailings with Technical Validation as Exploration Drills Continue

Resource Estimate May 11, 2026 · 09:00

Nord Precious Metals Validates 1987 Feasibility Study; Dilution Concerns Linger Despite High-Grade Drilling

Resource Estimate May 04, 2026 · 09:00

Nord Precious Metals Confirms Bonanza-Grade Silver at Castle East as Fully Funded Drilling Phase Commences

Drill Results Apr 28, 2026 · 19:00

Nord Precious Metals Raises $1M Amidst Dilution Concerns and Price Decline

Financings