Nord Precious Metals Intercepts High-Grade Silver in 3,500-Meter Phase I Drill Program

The most recent news (February 24, 2026) confirms that Nord has completed 2,100 meters of its 3,500-meter Phase I drill program at the Castle East project. Early visual results from three holes have intersected silver-cobalt mineralization, specifically confirming the 29-vein 3D structural model developed by Ronacher McKenzie Geoscience. Hole CS-26-129W2 intersected three distinct mineralized intervals. The company is adopting a dual-width reporting approach (high-grade vein vs. wider mineralized envelope) to evaluate bulk extraction potential.

The impact is Routine - Positive. While the confirmation of the 3D model is a critical technical de-risking step, the news lacks assay results (which are pending). - Technical Validation: Moving from 5 known veins to 29 modeled veins, with early drilling hitting mineralization where predicted, validates the geological theory that Castle East is a "stockwork" system rather than isolated veins. - Strategic Shift: The focus on "dual-width" sampling suggests management is pivotally looking at bulk mining scenarios rather than just narrow-vein high-grade mining, which could significantly impact future resource tonnage. - Continuity: This follows the January 2026 acquisition of the Gowganda leases from Battery Mineral Resources, which increased the company's land package by 40%. The drilling is the "proof of concept" for the consolidated district strategy.

Nord Precious Metals (formerly Canada Silver Cobalt Works) focuses on the "Cobalt Embayment" in Ontario. - Flagship: The Castle Property (63 sq. km), including the Castle Mine and the Castle East discovery. - Resource: A historic inferred resource of 7.56 Moz Silver at an exceptional grade of 8,582 g/t Ag. - Infrastructure: Owns the Temiskaming Testing Labs (TTL), the only permitted processing/analytical facility in the district.