Silver's Deficit Decade Has Investors Hunting Grade - and One Cobalt Camp Junior Just Pulled 61,389 g/t Over 0.30 Metres

Nord Precious Metals (TSXV: NTH) released follow-up drilling results on June 4, 2026, reporting exceptional high-grade silver intercepts from wedge drilling at its Castle East property. The highlight is a 0.30m interval grading 61,389 g/t Ag (1,790.8 oz/ton) inside a 6.65m envelope averaging 2,848 g/t Ag, directly extending the historic Robinson vein system. A new native silver intercept with cobalt arsenide was logged 25m updip, with assays pending. This continues a 30,000-metre exploration program aimed at validating a structural model, growing known zones, and establishing underground access for bulk sampling. The company now holds full title to area mining leases following a March 2026 acquisition, unlocking previously fragmented ground. Processing relies on TTL Laboratories (the only permitted high-grade mill in the Cobalt Camp) and the Re-2Ox hydrometallurgical process to strip arsenic and produce technical-grade cobalt sulphate.

Historically, the company has progressed from announcing a 30,000m drill program in late 2025, to securing multiple financings (totaling ~$11M+ in 2025/2026), to acquiring adjacent Gowganda leases in early 2026 to add ~2.96M oz of historical tailings. The June 4 update is a direct continuation of the June 2 announcement, confirming the persistence of high-grade silver and critical mineral (cobalt) associations.

The June 4 news is a routine positive follow-up to the June 2 results. It does not introduce fundamentally new information but reinforces the structural model and high-grade nature of the extension. The market had already priced in the high-grade potential from the initial June 2 release. While the 61,389 g/t Ag intercept is technically impressive, it remains an exploration-stage intercept without a current NI 43-101 resource estimate. The company's projections of moving toward bulk sampling and a resource update in H2 2026 remain on track, but the timeline to actual production is still constrained by permitting and metallurgical validation. The news is incremental, expected, and does not alter the near-term capital requirements or production roadmap.

Nord Precious Metals operates in Ontario's historic Cobalt-Gowganda silver-cobalt district. Its flagship asset is the Castle East property, which hosts a historical inferred resource of 7.56M oz Ag at 8,582 g/t Ag. The company's strategy centers on a "hub-and-spoke" toll-processing model, leveraging TTL Laboratories (a permitted high-grade mill) and a 600 t/d modular gravity plant to process legacy tailings and underground silver-cobalt veins. The Re-2Ox hydrometallurgical process is designed to handle complex, arsenic-bearing feeds and produce battery-grade cobalt sulphate. The company also holds a 35% interest in Coniagas Battery Metals and a lithium project in Quebec.